Capital One Financial Research Analysts Lower Earnings Estimates for Marathon Oil Co. (NYSE:MRO)

Marathon Oil Co. (NYSE:MROGet Rating) – Stock analysts at Capital One Financial dropped their Q1 2022 earnings estimates for shares of Marathon Oil in a research note issued on Tuesday, April 19th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings of $0.83 per share for the quarter, down from their prior forecast of $1.05. Capital One Financial also issued estimates for Marathon Oil’s Q2 2022 earnings at $0.83 EPS, Q3 2022 earnings at $0.85 EPS, FY2022 earnings at $3.39 EPS and FY2023 earnings at $2.80 EPS.

Several other analysts have also recently issued reports on MRO. Benchmark cut Marathon Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, March 2nd. Wells Fargo & Company raised their target price on Marathon Oil from $24.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. Bank of America reissued an “underperform” rating and issued a $25.00 target price on shares of Marathon Oil in a research note on Monday, February 21st. Royal Bank of Canada raised their target price on Marathon Oil from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 30th. Finally, Credit Suisse Group raised their price objective on shares of Marathon Oil from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, February 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Marathon Oil presently has a consensus rating of “Buy” and an average target price of $28.07.

NYSE MRO opened at $25.00 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.11 and a quick ratio of 1.07. The stock has a market capitalization of $17.96 billion, a PE ratio of 20.66, a PEG ratio of 0.45 and a beta of 2.76. Marathon Oil has a 1 year low of $10.33 and a 1 year high of $27.97. The business’s 50-day moving average is $24.11 and its 200 day moving average is $19.64.

Marathon Oil (NYSE:MROGet Rating) last announced its quarterly earnings data on Wednesday, February 16th. The oil and gas producer reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.22. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Marathon Oil had a return on equity of 11.60% and a net margin of 17.30%. The company’s revenue for the quarter was up 116.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PFG Advisors raised its holdings in Marathon Oil by 4.0% in the 1st quarter. PFG Advisors now owns 12,214 shares of the oil and gas producer’s stock worth $307,000 after acquiring an additional 466 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in Marathon Oil by 1.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 49,000 shares of the oil and gas producer’s stock worth $805,000 after purchasing an additional 500 shares during the period. Baird Financial Group Inc. grew its position in Marathon Oil by 3.8% in the 4th quarter. Baird Financial Group Inc. now owns 13,800 shares of the oil and gas producer’s stock worth $227,000 after purchasing an additional 509 shares during the period. Profund Advisors LLC grew its position in Marathon Oil by 1.5% in the 4th quarter. Profund Advisors LLC now owns 38,818 shares of the oil and gas producer’s stock worth $637,000 after purchasing an additional 571 shares during the period. Finally, Huntington National Bank grew its position in Marathon Oil by 2.5% in the 4th quarter. Huntington National Bank now owns 25,438 shares of the oil and gas producer’s stock worth $418,000 after purchasing an additional 624 shares during the period. Institutional investors own 77.26% of the company’s stock.

In related news, CEO Lee M. Tillman sold 270,588 shares of the business’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $26.09, for a total value of $7,059,640.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dane E. Whitehead sold 86,331 shares of the business’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $25.36, for a total transaction of $2,189,354.16. The disclosure for this sale can be found here. Insiders have sold 1,180,065 shares of company stock valued at $29,703,167 over the last quarter. Company insiders own 0.76% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Wednesday, February 16th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.12%. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, February 15th. Marathon Oil’s dividend payout ratio (DPR) is presently 23.14%.

About Marathon Oil (Get Rating)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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