Q1 2024 EPS Estimates for Marathon Oil Co. Reduced by Zacks Research (NYSE:MRO)

Marathon Oil Co. (NYSE:MRO) – Investment analysts at Zacks Research dropped their Q1 2024 earnings per share estimates for Marathon Oil in a research report issued to clients and investors on Wednesday, April 17th. Zacks Research analyst N. Choudhury now forecasts that the oil and gas producer will earn $0.49 per share for the quarter, down from their prior forecast of $0.50. The consensus estimate for Marathon Oil’s current full-year earnings is $2.73 per share. Zacks Research also issued estimates for Marathon Oil’s Q1 2026 earnings at $0.63 EPS.

Several other equities research analysts also recently weighed in on MRO. UBS Group reduced their price target on Marathon Oil from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $33.00 price target on shares of Marathon Oil in a report on Tuesday, March 5th. Barclays initiated coverage on Marathon Oil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $35.00 price target on the stock. Benchmark increased their price target on Marathon Oil from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Truist Financial increased their price target on Marathon Oil from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Marathon Oil currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.76.

Marathon Oil Trading Up 0.4 %

Shares of MRO stock opened at $27.50 on Thursday. Marathon Oil has a 1 year low of $21.63 and a 1 year high of $30.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.40 and a quick ratio of 0.35. The stock’s 50 day simple moving average is $26.23 and its two-hundred day simple moving average is $25.35. The company has a market cap of $15.72 billion, a PE ratio of 10.74 and a beta of 2.22.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the business posted $0.88 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year.

Marathon Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.44 annualized dividend and a yield of 1.60%. Marathon Oil’s dividend payout ratio (DPR) is presently 17.19%.

Insider Buying and Selling at Marathon Oil

In other Marathon Oil news, insider Patrick Wagner sold 39,969 shares of the stock in a transaction 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 sale, the insider now owns 176,923 shares of the company’s stock, valued at approximately $4,757,459.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Marathon Oil news, CEO Lee M. Tillman sold 80,647 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.94, for a total transaction of $2,172,630.18. Following the sale, the chief executive officer now owns 596,330 shares of the company’s stock, valued at approximately $16,065,130.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patrick Wagner sold 39,969 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $26.89, for a total value of $1,074,766.41. Following the completion of the sale, the insider now directly 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 90 days, insiders have sold 281,332 shares of company stock valued at $7,644,903. 0.42% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Oil

A number of institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC boosted its position in shares of Marathon Oil by 4.8% in the 1st quarter. Park Avenue Securities LLC now owns 9,062 shares of the oil and gas producer’s stock worth $257,000 after purchasing an additional 415 shares in the last quarter. Wahed Invest LLC boosted its position in shares of Marathon Oil by 4.2% in the 4th quarter. Wahed Invest LLC now owns 10,317 shares of the oil and gas producer’s stock worth $249,000 after purchasing an additional 419 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Marathon Oil by 1.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 26,569 shares of the oil and gas producer’s stock worth $711,000 after purchasing an additional 421 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Marathon Oil by 1.2% in the 4th quarter. Profund Advisors LLC now owns 37,228 shares of the oil and gas producer’s stock worth $899,000 after purchasing an additional 451 shares in the last quarter. Finally, Venture Visionary Partners LLC boosted its position in shares of Marathon Oil by 4.1% in the 4th quarter. Venture Visionary Partners LLC now owns 11,523 shares of the oil and gas producer’s stock worth $278,000 after purchasing an additional 458 shares in the last quarter. Institutional investors and hedge funds own 77.24% of the company’s stock.

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.