Marathon Oil Co. (NYSE:MRO – Get Score) – Inventory analysts at Capital One Monetary decreased their FY2022 EPS estimates for Marathon Oil in a analysis report issued on Friday, January thirteenth. Capital One Monetary analyst P. Johnston now anticipates that the oil and gasoline producer will earn $4.36 per share for the 12 months, down from their prior estimate of $4.51. The consensus estimate for Marathon Oil’s present full-year earnings is $4.51 per share. Capital One Monetary additionally issued estimates for Marathon Oil’s This fall 2022 earnings at $0.78 EPS, Q1 2023 earnings at $0.68 EPS, Q2 2023 earnings at $0.69 EPS, Q3 2023 earnings at $0.73 EPS, This fall 2027 earnings at $0.73 EPS. earnings and EPS 2027 earnings. FY2024 earnings of $3.90 EPS.
Marathon Oil (NYSE:MRO – Get Score) final launched its earnings outcomes on Wednesday, November 2nd. The oil and gasoline producer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.05. The corporate had income of $2.25 billion for the quarter, in comparison with the consensus estimate of $2.07 billion. Marathon Oil had a web margin of 46.11% and a return on fairness of 27.76%.
Quite a lot of different brokerages have additionally weighed in on MRO. Jefferies Monetary Group began protection on Marathon Oil in a analysis be aware on Wednesday, October nineteenth. They set a “maintain” score and a $30.00 worth goal on the inventory. Credit score Suisse Group boosted their goal worth on shares of Marathon Oil from $30.00 to $32.00 and gave the inventory a “impartial” score in a analysis report on Thursday, November third. Citigroup lowered their worth goal on shares of Marathon Oil from $31.00 to $30.00 and set a “impartial” score for the corporate in a analysis be aware on Friday. Piper Sandler dropped their goal worth on Marathon Oil from $42.00 to $40.00 and set an “chubby” score on the inventory in a analysis report on Friday. Lastly, Royal Financial institution of Canada boosted their goal worth on Marathon Oil from $35.00 to $38.00 and gave the inventory an “outperform” score in a analysis be aware on Monday, November seventh. Two analysis analysts have rated the inventory with a promote score, seven have issued a maintain score, 9 have given a purchase score and one has assigned a robust purchase score to the inventory. In line with knowledge from MarketBeat.com, the inventory at the moment has a consensus score of “Maintain” and a consensus worth goal of $33.38.
Marathon oil inventories fell 1.1%
Shares of MRO inventory opened at $27.08 on Monday. The inventory’s 50 day shifting common worth is $28.70 and its 200 day shifting common worth is $26.33. Marathon Oil has a 1 12 months low of $17.01 and a 1 12 months excessive of $33.42. The corporate has a market cap of $17.15 billion, a price-to-earnings ratio of 5.20, a price-to-earnings-growth ratio of 0.28 and a beta of two.43. The corporate has a debt ratio of 0.32, a present ratio of 1.08 and a fast ratio of 1.04.
Institutional traders weigh Marathon Oil
A number of giant traders have not too long ago added to or lowered their stakes in MRO. Gulf Worldwide Financial institution UK Ltd boosted its place in shares of Marathon Oil by 3.1% through the third quarter. Gulf Worldwide Financial institution UK Ltd now owns 125,500 shares of the oil and gasoline producer’s inventory valued at $2,833,000 after buying an extra 3,800 shares within the final quarter. KBC Group NV bought a brand new stake in Marathon Oil within the second quarter valued at $594,000. Empirical Finance LLC raised its stake in Marathon Oil by 5.2% within the second quarter. Empirical Finance LLC now owns 16,000 shares of the oil and gasoline producer’s inventory valued at $360,000 after buying an extra 797 shares within the final quarter. Point72 Asset Administration LP boosted its place in shares of Marathon Oil by 9.6% within the 2nd quarter. Point72 Asset Administration LP now owns 2,474,556 shares of the oil and gasoline producer’s inventory valued at $55,628,000 after shopping for an extra 215,818 shares through the interval. Lastly, Discipline & Important Financial institution acquired a brand new stake in shares of Marathon Oil within the second quarter valued at roughly $72,000. 77.30% of the inventory is owned by hedge funds and different institutional traders.
Insiders place their bets
In different Marathon Oil information, CFO Dane E. Whitehead offered 172,230 shares of the corporate’s inventory in a transaction that occurred on Friday, November 4th. The shares had been offered at a median worth of $31.86, for a complete worth of $5,487,247.80. Following the transaction, the CFO now straight owns 205,870 shares of the corporate’s inventory, valued at roughly $6,559,018.20. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable on the SEC web site. In different Marathon Oil information, CFO Dane E. Whitehead offered 172,230 shares of the agency’s inventory in a transaction on Friday, November 4th. The inventory was offered at a median worth of $31.86, for a complete transaction of $5,487,247.80. Following the completion of the sale, the chief monetary officer now owns 205,870 shares of the corporate’s inventory, valued at $6,559,018.20. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by way of this hyperlink. Additionally, insider Patrick Wagner offered 135,371 shares of the corporate’s inventory in a transaction dated Friday, November 4th. The shares had been offered at a median worth of $32.21, for a complete transaction of $4,360,299.91. Following the completion of the transaction, the insider now straight owns 134,714 shares within the firm, valued at roughly $4,339,137.94. The details about this sale will be discovered right here. Insiders have offered a complete of 419,601 shares of firm inventory value $13,493,768 within the final 90 days. 0.52% of the inventory is owned by insiders.
Marathon Oil will increase yields
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, December twelfth. Shareholders of file on Wednesday, November sixteenth had been issued a $0.09 dividend. The ex-dividend date for this dividend was Tuesday, November fifteenth. This represents an annualized dividend of $0.36 and a yield of 1.33%. It is a optimistic change from Marathon Oil’s earlier quarterly dividend of $0.08. Marathon Oil’s dividend yield (DPR) is at the moment 6.91%.
Marathon Oil Firm Profile
Marathon Oil Company operates as an unbiased exploration and manufacturing firm in america and internationally. The corporate is engaged within the exploration, manufacturing and advertising of crude oil and condensate, pure gasoline liquids and pure gasoline; and manufacturing and advertising of merchandise made out of pure gasoline, reminiscent of liquefied pure gasoline and methanol.
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