Analysts predict that Marathon Oil Co. (NYSE:MRO) will announce sales of $1.53 billion for the current quarter, Zacks reports. Six analysts have provided estimates for Marathon Oil’s earnings, with the highest sales estimate coming in at $1.60 billion and the lowest estimate coming in at $1.43 billion. Marathon Oil reported sales of $1.25 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.4%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Marathon Oil will report full-year sales of $6.17 billion for the current financial year, with estimates ranging from $5.79 billion to $6.52 billion. For the next year, analysts expect that the company will post sales of $6.37 billion, with estimates ranging from $5.50 billion to $6.82 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Marathon Oil.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Marathon Oil had a negative net margin of 3.03% and a positive return on equity of 2.25%. Marathon Oil’s quarterly revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) EPS.

Several equities research analysts recently issued reports on MRO shares. Morgan Stanley started coverage on Marathon Oil in a research note on Thursday, July 12th. They set an “equal weight” rating and a $23.00 price objective for the company. 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. ValuEngine lowered Marathon Oil from a “buy” rating to a “hold” rating in a research note on Thursday, July 5th. Barclays started coverage on Marathon Oil in a research note on Wednesday, August 29th. They set an “overweight” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research lowered Marathon Oil from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Marathon Oil has a consensus rating of “Buy” and a consensus target price of $22.12.

NYSE:MRO traded up $0.13 during trading hours on Monday, hitting $22.57. 255,967 shares of the company’s stock traded hands, compared to its average volume of 9,323,169. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of -59.71, a P/E/G ratio of 1.88 and a beta of 2.39. Marathon Oil has a 52 week low of $13.08 and a 52 week high of $22.90. 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 company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Wednesday, August 15th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.89%. The ex-dividend date was Tuesday, August 14th. Marathon Oil’s dividend payout ratio (DPR) is currently -52.63%.

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 sale, the vice president now owns 394,569 shares of the company’s stock, valued at $8,163,632.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. bought a new stake in Marathon Oil during the second quarter worth about $111,000. Centaurus Financial Inc. purchased a new position in shares of Marathon Oil in the second quarter worth about $133,000. Mount Yale Investment Advisors LLC purchased a new position in shares of Marathon Oil in the second quarter worth about $133,000. Envestnet Asset Management Inc. increased its holdings in shares of Marathon Oil by 146.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,973 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 4,144 shares during the period. Finally, Avestar Capital LLC purchased a new position in shares of Marathon Oil in the second quarter worth about $147,000. 80.58% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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