Marathon Oil (MRO) Set to Announce Quarterly Earnings on Wednesday

Marathon Oil (NYSE:MRO) will be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Marathon Oil to post earnings of $0.64 per share for the quarter.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $0.63 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.06). Marathon Oil had a net margin of 22.12% and a return on equity of 13.81%. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect Marathon Oil to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Marathon Oil Price Performance

Shares of NYSE:MRO opened at $27.27 on Monday. The firm has a market cap of $15.25 billion, a price-to-earnings ratio of 10.61 and a beta of 2.16. Marathon Oil has a 1 year low of $21.81 and a 1 year high of $30.06. The company has a current ratio of 0.57, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $27.29 and a 200 day simple moving average of $27.50.

Marathon Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.61%. Marathon Oil’s dividend payout ratio is 17.12%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Marathon Oil from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Susquehanna reduced their price target on Marathon Oil from $39.00 to $37.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. UBS Group reduced their target price on Marathon Oil from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Mizuho dropped their price target on shares of Marathon Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, Scotiabank upped their price objective on shares of Marathon Oil from $27.61 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Oil has an average rating of “Moderate Buy” and an average target price of $31.12.

Insider Activity

In related news, insider Dane E. Whitehead sold 52,008 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $27.50, for a total value of $1,430,220.00. Following the sale, the insider now owns 100,000 shares of the company’s stock, valued at $2,750,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Marathon Oil news, insider Dane E. Whitehead sold 52,008 shares of Marathon Oil stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $27.50, for a total transaction of $1,430,220.00. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $2,750,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Henderson sold 38,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $27.21, for a total transaction of $1,033,980.00. Following the completion of the sale, the vice president now directly owns 76,828 shares in the company, valued at approximately $2,090,489.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by company insiders.

Marathon Oil Company Profile

Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol.