Marathon Oil (MRO) Earning Somewhat Favorable News Coverage, Study Finds

Media coverage about Marathon Oil (NYSE:MRO) has been trending somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Marathon Oil earned a daily sentiment score of 2.00 on their scale. InfoTrie also gave news articles about the oil and gas producer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the near term.

Several research firms recently weighed in on MRO. Seaport Global Securities reiterated a “buy” rating on shares of Marathon Oil in a research report on Friday, September 7th. Jefferies Financial Group reiterated a “hold” rating and set a $22.80 target price on shares of Marathon Oil in a research report on Wednesday, August 15th. BMO Capital Markets upgraded Marathon Oil from a “market perform” rating to an “outperform” rating in a research report on Monday, October 15th. They noted that the move was a valuation call. Wolfe Research upgraded Marathon Oil from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Marathon Oil in a research report on Friday, September 28th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $23.77.

Shares of Marathon Oil stock opened at $17.55 on Tuesday. Marathon Oil has a 52 week low of $14.27 and a 52 week high of $24.20. The stock has a market capitalization of $13.87 billion, a PE ratio of -46.18, a price-to-earnings-growth ratio of 2.37 and a beta of 2.43. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.47% and a net margin of 10.94%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The business’s revenue was up 33.1% on a year-over-year basis. On average, equities research analysts anticipate that Marathon Oil will post 0.78 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Wednesday, November 21st will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 1.14%. Marathon Oil’s payout ratio is -52.63%.

In other news, VP Thomas Mitchell Little sold 117,333 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total value of $2,427,619.77. Following the transaction, the vice president now directly owns 394,569 shares in the company, valued at $8,163,632.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by insiders.

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About Marathon Oil

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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