Zacks: Analysts Anticipate Marathon Oil Co. (MRO) Will Announce Quarterly Sales of $1.56 Billion

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Analysts expect Marathon Oil Co. (NYSE:MRO) to post $1.56 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Marathon Oil’s earnings, with estimates ranging from $1.46 billion to $1.68 billion. Marathon Oil reported sales of $1.38 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 13th.

On average, analysts expect that Marathon Oil will report full year sales of $6.10 billion for the current financial year, with estimates ranging from $5.67 billion to $6.50 billion. For the next year, analysts forecast that the business will post sales of $6.83 billion, with estimates ranging from $6.51 billion to $7.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Marathon Oil.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Marathon Oil had a return on equity of 4.48% and a net margin of 10.94%. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted ($0.08) EPS. The firm’s quarterly revenue was up 33.1% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. set a $27.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Monday, October 1st. They noted that the move was a valuation call. Piper Jaffray Companies restated an “overweight” rating on shares of Marathon Oil in a research note on Friday, September 28th. ValuEngine upgraded Marathon Oil from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Morgan Stanley boosted their price objective on Marathon Oil from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, September 26th. Finally, Royal Bank of Canada set a $27.00 price objective on Marathon Oil and gave the company a “hold” rating in a research note on Thursday, September 20th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $23.99.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of Marathon Oil stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the completion of the transaction, the vice president now owns 394,569 shares of the company’s stock, valued at approximately $8,163,632.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. State Treasurer State of Michigan grew its holdings in Marathon Oil by 1.0% during the 2nd quarter. State Treasurer State of Michigan now owns 252,640 shares of the oil and gas producer’s stock valued at $5,270,000 after buying an additional 2,500 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in shares of Marathon Oil by 65.6% during the third quarter. Duncker Streett & Co. Inc. now owns 6,312 shares of the oil and gas producer’s stock worth $147,000 after purchasing an additional 2,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Marathon Oil by 11.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 26,361 shares of the oil and gas producer’s stock worth $550,000 after purchasing an additional 2,676 shares in the last quarter. Twin Capital Management Inc. grew its holdings in shares of Marathon Oil by 1.1% during the second quarter. Twin Capital Management Inc. now owns 247,450 shares of the oil and gas producer’s stock worth $5,162,000 after purchasing an additional 2,710 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Marathon Oil by 10.7% during the third quarter. MML Investors Services LLC now owns 28,128 shares of the oil and gas producer’s stock worth $655,000 after purchasing an additional 2,710 shares in the last quarter. 80.01% of the stock is owned by institutional investors and hedge funds.

Marathon Oil stock traded down $0.21 during midday trading on Monday, reaching $17.84. The stock had a trading volume of 17,025,206 shares, compared to its average volume of 13,987,730. Marathon Oil has a 12 month low of $14.27 and a 12 month high of $24.20. The stock has a market capitalization of $15.81 billion, a P/E ratio of -46.95, a P/E/G ratio of 1.52 and a beta of 2.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s payout ratio is presently -52.63%.

Marathon Oil Company Profile

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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