Marathon Oil (NYSE:MRO) issued its quarterly earnings data on Wednesday. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05, Bloomberg Earnings reports. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year.

Marathon Oil (NYSE MRO) traded up $0.88 during trading on Wednesday, hitting $16.95. 13,921,011 shares of the stock were exchanged, compared to its average volume of 11,920,000. Marathon Oil has a 1 year low of $10.55 and a 1 year high of $19.52. The company has a market cap of $14,400.00, a P/E ratio of -6.62, a P/E/G ratio of 4.11 and a beta of 2.34. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 20th. Marathon Oil’s dividend payout ratio is currently -7.81%.

MRO has been the subject of a number of recent analyst reports. Morgan Stanley set a $15.00 price objective on shares of Marathon Oil and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Marathon Oil in a research report on Thursday, October 19th. Societe Generale raised shares of Marathon Oil from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, November 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 price objective on shares of Marathon Oil in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.91.

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Marathon Oil Company Profile

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

Earnings History for Marathon Oil (NYSE:MRO)

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