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Marathon Oil Co. (NYSE:MRO – Get Rating) – Capital One Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Marathon Oil in a report issued on Tuesday, January 24th. Capital One Financial analyst P. Johnston now expects that the oil and gas producer will post earnings per share of $3.91 for the year, up from their previous estimate of $3.90. The consensus estimate for Marathon Oil’s current full-year earnings is $4.47 per share.
A number of other research firms also recently issued reports on MRO. Evercore ISI started coverage on Marathon Oil in a research note on Thursday, January 5th. They issued an “outperform” rating on the stock. Wells Fargo & Company started coverage on Marathon Oil in a report on Tuesday. They issued an “overweight” rating and a $41.00 target price on the stock. Jefferies Financial Group started coverage on Marathon Oil in a report on Wednesday, October 19th. They issued a “hold” rating and a $30.00 target price on the stock. Royal Bank of Canada raised their target price on Marathon Oil from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. Finally, StockNews.com cut Marathon Oil from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.88.
Marathon Oil Stock Performance
MRO stock opened at $28.76 on Friday. The company has a market cap of $18.21 billion, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 0.32 and a beta of 2.43. Marathon Oil has a 1 year low of $19.11 and a 1 year high of $33.42. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.08 and a quick ratio of 1.04. The stock’s fifty day moving average price is $27.89 and its 200-day moving average price is $26.63.
Marathon Oil (NYSE:MRO – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The oil and gas producer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.05. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.07 billion. Marathon Oil had a return on equity of 27.76% and a net margin of 46.11%.
Marathon Oil Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Wednesday, February 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.39%. This is a positive change from Marathon Oil’s previous quarterly dividend of $0.09. Marathon Oil’s dividend payout ratio (DPR) is currently 6.91%.
Insider Buying and Selling
In related news, VP Michael A. Henderson sold 80,000 shares of Marathon Oil stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $32.56, for a total value of $2,604,800.00. Following the completion of the transaction, the vice president now owns 105,250 shares in the company, valued at $3,426,940. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Marathon Oil news, VP Michael A. Henderson sold 80,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $32.56, for a total transaction of $2,604,800.00. Following the completion of the transaction, the vice president now owns 105,250 shares in the company, valued at $3,426,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dane E. Whitehead sold 172,230 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $31.86, for a total value of $5,487,247.80. Following the transaction, the chief financial officer now owns 205,870 shares of the company’s stock, valued at approximately $6,559,018.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 419,601 shares of company stock worth $13,493,768. Corporate insiders own 0.52% of the company’s stock.
Institutional Trading of Marathon Oil
A number of large investors have recently modified their holdings of MRO. TradeLink Capital LLC purchased a new stake in shares of Marathon Oil in the first quarter valued at approximately $781,000. D.A. Davidson & CO. bought a new position in Marathon Oil in the first quarter worth approximately $209,000. Great West Life Assurance Co. Can raised its stake in Marathon Oil by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 160,065 shares of the oil and gas producer’s stock worth $4,192,000 after buying an additional 10,388 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Marathon Oil in the first quarter worth approximately $206,000. Finally, Cibc World Market Inc. raised its stake in Marathon Oil by 7.4% in the first quarter. Cibc World Market Inc. now owns 187,679 shares of the oil and gas producer’s stock worth $4,713,000 after buying an additional 12,859 shares in the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.
About Marathon Oil
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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