Marathon Oil (MRO) Set to Announce Earnings on Wednesday

Marathon Oil (NYSE:MRO) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Marathon Oil to post earnings of $0.55 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Marathon Oil (NYSE:MRO) last announced its quarterly earnings results on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Marathon Oil had a net margin of 23.20% and a return on equity of 14.09%. Marathon Oil’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, analysts expect Marathon Oil to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Marathon Oil Price Performance

Shares of MRO opened at $27.77 on Monday. The stock has a market cap of $15.87 billion, a PE ratio of 10.85 and a beta of 2.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.35 and a current ratio of 0.40. Marathon Oil has a fifty-two week low of $21.63 and a fifty-two week high of $30.06. The firm’s 50-day simple moving average is $26.72 and its two-hundred day simple moving average is $25.43.

Marathon Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.58%. Marathon Oil’s dividend payout ratio is presently 17.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MRO shares. Truist Financial lifted their price target on shares of Marathon Oil from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. UBS Group dropped their price target on shares of Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Argus upgraded shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Thursday, March 14th. Susquehanna restated a “positive” rating and set a $33.00 price objective on shares of Marathon Oil in a research report on Monday, April 22nd. Finally, Barclays began coverage on shares of Marathon Oil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $35.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.66.

Insider Activity

In related news, insider Patrick Wagner sold 39,969 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the completion of the transaction, the insider now owns 176,923 shares in the company, valued at approximately $4,757,459.47. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Lee M. Tillman sold 80,647 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the completion of the transaction, the chief executive officer now owns 596,330 shares in the company, valued at approximately $16,065,130.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total transaction of $1,074,766.41. Following the transaction, the insider now owns 176,923 shares of the company’s stock, valued at approximately $4,757,459.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 281,332 shares of company stock worth $7,644,903. 0.42% of the stock is currently owned by corporate 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.