Second Quarter 2022 EPS Estimates for Marathon Oil Co. Reduced by Capital One Financial (NYSE:MRO)


Marathon Oil Co. (NYSE: MROGet a rating) – Capital One Financial reduced its second-quarter 2022 EPS estimates for Marathon Oil shares in a research note released to investors on Thursday, July 14. Capital One Financial analyst P. Johnston now expects the oil and gas producer to earn $1.22 per share for the quarter, down from its previous estimate of $1.35. The consensus estimate of Marathon Oil’s current annual earnings is $5.08 per share. Capital One Financial also released estimates of Marathon Oil’s fiscal year 2022 earnings at $4.34 EPS, Q2 2023 earnings at $0.87 EPS, Q3 2023 earnings at $0.91 EPS and Q4 2023 earnings at $0.94 EPS.

Marathon Oil (NYSE: MROGet a rating) last announced its quarterly results on Wednesday, May 4. The oil and gas producer reported EPS of $1.02 for the quarter, beating the consensus estimate of $0.98 by $0.04. Marathon Oil had a net margin of 35.01% and a return on equity of 16.78%. The company posted revenue of $1.75 billion for the quarter, versus analyst estimates of $1.83 billion. In the same quarter a year earlier, the company posted EPS of $0.21. Marathon Oil’s quarterly revenue increased 63.7% year over year.

ROM has been the subject of several other research reports. StockNews.com launched coverage on Marathon Oil shares in a research note on Thursday, March 31. They set a “buy” rating on the stock. Goldman Sachs Group lowered its price target on Marathon Oil shares from $29.00 to $25.00 and placed a “sell” rating on the stock in a Tuesday, July 5 research note. Raymond James raised his price target on Marathon Oil shares from $31.00 to $40.00 and gave the stock a “strong buy” rating in a Monday, April 25 research note. Susquehanna upgraded Marathon Oil’s shares from a “neutral” rating to a “positive” rating and set a price target of $32.00 for the company in a Monday, April 25 report. Finally, Morgan Stanley raised its price target on Marathon Oil shares from $30.00 to $33.00 and gave the stock an “equal weight” rating in a Monday, June 6 report. Two financial analysts have assigned the stock a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned the company’s stock a strong buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.06.

Marathon Oil Stock Performance

Shares of MRO opened at $20.85 on Friday. The company’s fifty-day moving average is $26.03 and its 200-day moving average is $23.75. Marathon Oil has a 12-month low of $10.41 and a 12-month high of $33.24. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 7.26, a growth price-to-earnings ratio of 0.28 and a beta of 2.61. The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt ratio of 0.34.

Hedge funds weigh on Marathon Oil

A number of hedge funds have recently changed their positions in MRO. Washington Trust Advisors Inc. acquired a new stake in Marathon Oil stock during Q1 worth approximately $25,000. Zullo Investment Group Inc. acquired a new stake in Marathon Oil stock during Q1 worth approximately $30,000. Tsfg LLC acquired a new stake in Marathon Oil stock during Q1 worth approximately $31,000. Allegheny Financial Group LTD acquired a new stake in the shares of Marathon Oil during the 4th quarter worth approximately $34,000. Finally, Brown Brothers Harriman & Co. increased its position in Marathon Oil shares by 90.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,361 shares of the oil and gas producer worth $34,000 after buying 647 more shares last quarter. Institutional investors and hedge funds hold 79.19% of the company’s shares.

Insider Buying and Selling at Marathon Oil

In other news, CFO Dane E. Whitehead sold 30,291 shares in a trade on Wednesday, May 18. The shares were sold at an average price of $28.03, for a total value of $849,056.73. Following the completion of the transaction, the CFO now owns 290,934 shares of the company, valued at approximately $8,154,880.02. The sale was disclosed in an SEC filing, available at this link. Separately, CFO Dane E. Whitehead sold 30,291 shares in a trade on Wednesday, May 18. The shares were sold at an average price of $28.03, for a total value of $849,056.73. Following the completion of the transaction, the CFO now owns 290,934 shares of the company, valued at approximately $8,154,880.02. The sale was disclosed in an SEC filing, available at this link. Also, CFO Dane E. Whitehead sold 79,711 shares in a trade on Monday, May 16. The shares were sold at an average price of $28.18, for a total transaction of $2,246,255.98. Following the completion of the transaction, the CFO now owns 321,225 shares of the company, valued at approximately $9,052,120.50. Disclosure of this sale can be found here. Insiders own 0.52% of the shares of the company.

Marathon Oil increases its dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 10. Shareholders of record on Wednesday, May 18 received a dividend of $0.08. The ex-dividend date was Tuesday, May 17. This is an increase from Marathon Oil’s previous quarterly dividend of $0.07. This represents a dividend of $0.32 on an annualized basis and a yield of 1.53%. Marathon Oil’s dividend payout ratio is 11.15%.

Marathon Oil Company Profile

(Get a rating)

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The Company is engaged in the exploration, production and marketing of crude oil and condensates, natural gas liquids and natural gas; and the production and marketing of products made from natural gas, such as liquefied natural gas and methanol.

Further reading

Marathon Oil (NYSE:MRO) earnings history and estimates



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