Marathon Oil Corporation (NYSE:MRO) – Research analysts at Seaport Global Securities dropped their Q3 2017 earnings per share (EPS) estimates for Marathon Oil Corporation in a report issued on Tuesday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas producer will post earnings per share of ($0.14) for the quarter, down from their previous forecast of ($0.13). Seaport Global Securities currently has a “Sell” rating and a $9.00 target price on the stock. Seaport Global Securities also issued estimates for Marathon Oil Corporation’s Q4 2017 earnings at ($0.10) EPS, Q1 2018 earnings at ($0.24) EPS, Q2 2018 earnings at ($0.24) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.15) EPS and FY2018 earnings at ($0.80) EPS.

Marathon Oil Corporation (NYSE:MRO) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company posted ($0.23) EPS. WARNING: “Seaport Global Securities Analysts Reduce Earnings Estimates for Marathon Oil Corporation (MRO)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/seaport-global-securities-analysts-reduce-earnings-estimates-for-marathon-oil-corporation-mro/1467649.html.

A number of other brokerages have also recently commented on MRO. Zacks Investment Research upgraded Marathon Oil Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. upgraded Marathon Oil Corporation from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $19.00 to $15.00 in a report on Wednesday, July 5th. Scotiabank reiterated a “buy” rating and issued a $19.00 target price on shares of Marathon Oil Corporation in a report on Thursday, August 3rd. FBR & Co reiterated a “buy” rating and issued a $20.00 target price on shares of Marathon Oil Corporation in a report on Monday, May 15th. Finally, ValuEngine cut Marathon Oil Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the stock. Marathon Oil Corporation has a consensus rating of “Hold” and an average target price of $17.30.

Shares of Marathon Oil Corporation (MRO) opened at 12.20 on Thursday. Marathon Oil Corporation has a 1-year low of $11.20 and a 1-year high of $19.28. The stock’s 50 day moving average price is $11.89 and its 200-day moving average price is $14.34. The stock’s market cap is $10.37 billion. Marathon Oil Corporation also was the target of unusually large options trading on Monday. Stock traders purchased 1,294 call options on the company. This is an increase of approximately 127% compared to the typical daily volume of 569 call options.

Several large investors have recently modified their holdings of MRO. IFM Investors Pty Ltd purchased a new stake in shares of Marathon Oil Corporation during the second quarter valued at $314,000. Freestone Capital Holdings LLC boosted its stake in shares of Marathon Oil Corporation by 1.1% in the second quarter. Freestone Capital Holdings LLC now owns 14,150 shares of the oil and gas producer’s stock valued at $168,000 after buying an additional 150 shares in the last quarter. Shoker Investment Counsel Inc. boosted its stake in shares of Marathon Oil Corporation by 10.7% in the second quarter. Shoker Investment Counsel Inc. now owns 20,750 shares of the oil and gas producer’s stock valued at $245,000 after buying an additional 2,012 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Marathon Oil Corporation by 9.4% in the second quarter. Synovus Financial Corp now owns 33,400 shares of the oil and gas producer’s stock valued at $400,000 after buying an additional 2,860 shares in the last quarter. Finally, Capital Advisors Inc. OK boosted its stake in shares of Marathon Oil Corporation by 83.9% in the second quarter. Capital Advisors Inc. OK now owns 32,565 shares of the oil and gas producer’s stock valued at $386,000 after buying an additional 14,855 shares in the last quarter. Institutional investors and hedge funds own 81.28% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio is -2.55%.

Marathon Oil Corporation 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 and Estimates for Marathon Oil Corporation (NYSE:MRO)

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