Marathon Oil Co. (MRO) Expected to Announce Earnings of $0.19 Per Share

Wall Street brokerages expect Marathon Oil Co. (NYSE:MRO) to announce $0.19 earnings per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Marathon Oil’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.37. Marathon Oil posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year over year growth rate of 26.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Marathon Oil will report full year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.35 to $1.23. For the next financial year, analysts expect that the firm will report earnings of $0.93 per share, with EPS estimates ranging from $0.31 to $2.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.24. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Marathon Oil had a return on equity of 5.80% and a net margin of 15.12%. The company’s quarterly revenue was down 30.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share.

A number of research analysts have recently commented on MRO shares. TheStreet raised Marathon Oil from a “c+” rating to a “b-” rating in a research note on Tuesday, March 26th. Argus cut their target price on Marathon Oil from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 25th. ValuEngine raised Marathon Oil from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Capital One Financial cut Marathon Oil from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Marathon Oil in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.27.

MRO opened at $15.51 on Friday. The company has a market cap of $12.85 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.20 and a beta of 2.23. Marathon Oil has a one year low of $12.57 and a one year high of $24.20. The company has a current ratio of 1.49, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. Marathon Oil’s payout ratio is 28.17%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCommodity Management LLC lifted its holdings in Marathon Oil by 5.3% during the fourth quarter. CoreCommodity Management LLC now owns 12,719 shares of the oil and gas producer’s stock worth $182,000 after buying an additional 644 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Marathon Oil by 15.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,945 shares of the oil and gas producer’s stock worth $71,000 after buying an additional 671 shares during the period. InterOcean Capital LLC lifted its holdings in Marathon Oil by 7.4% during the fourth quarter. InterOcean Capital LLC now owns 10,863 shares of the oil and gas producer’s stock worth $156,000 after buying an additional 747 shares during the period. Gateway Investment Advisers LLC lifted its holdings in Marathon Oil by 1.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 42,271 shares of the oil and gas producer’s stock worth $606,000 after buying an additional 787 shares during the period. Finally, Renaissance Group LLC lifted its holdings in Marathon Oil by 8.1% during the first quarter. Renaissance Group LLC now owns 11,647 shares of the oil and gas producer’s stock worth $195,000 after buying an additional 868 shares during the period. Hedge funds and other institutional investors own 82.12% of the company’s stock.

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 and International. 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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