World news – Marathon Oil Co. expects fourth quarter 2020 earnings per share of ($ 0.17) per share (NYSE: MRO)

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Marathon Oil Co. (NYSE: MRO) – Capital One Financial equity researchers have their EPS estimates for the fourth quarter 2020 for Marathon Oil lowered in a research note released on Wednesday, January 27th. Capital One financial analyst P. Johnston now predicts the oil and gas producer will post earnings of ($ 0.17) per share for the quarter, compared to its previous estimate of ($ 0.15). Capital One Financial also announced estimates of Marathon Oil’s earnings for fiscal 2021 at earnings per share of ($ 0.27). Marathon Oil (NYSE: MRO) last released its quarterly earnings data on Monday, November 9th. The oil and gas producer reported earnings per share (EPS) of $ 0.28 for the quarter, matching analysts’ consensus estimate of $ 0.28. The company posted revenue of $ 754.00 million for the quarter, compared to the consensus estimate of $ 762.20 million. Marathon Oil had a negative return on equity of 6.64% and a negative net margin of 32.64%. The company’s quarterly sales declined 43.9% year over year. For the same period last year, the company posted earnings of $ 0.14 per share.

Other equity analysts recently released reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based by Russell raised its target price for Marathon Oil from $ 6.00 to $ 9.00 in a research report on Wednesday, January 13th. Citigroup lowered its price target for Marathon Oil from USD 6.50 to USD 4.75 and rated the company as « neutral » in a research report on Wednesday October 14th. Tudor Pickering upgraded Marathon Oil from a « Hold » rating to a « Buy » rating in a research report on Monday, December 7th. The Wells Fargo & Company upgraded Marathon Oil from an « equilibrium » rating to an « overweight » rating and set a price target of $ 11.00 for the company in a research note on Wednesday, December 16. Finally, on Friday, January 22nd, Siebert Williams Shank upgraded Marathon Oil from a « Hold » rating to a « Buy » rating in a Research Note. Four investment analysts have rated the stock with a sell rating, eleven with a hold rating and nine with a buy rating. The stock currently has a consensus rating of « Hold » and a consensus price target of $ 7.53 (adsbygoogle = window.adsbygoogle || []). Push ({});

stocks of NYSE: MRO opened at $ 7.24 on Monday. The company has a 50-day moving average price of $ 7.35 and a 200-day moving average price of $ 5.67. The company has a current rate of 1.23, a fast rate of 1.18, and a leverage ratio of 0.50. The company has a market capitalization of $ 5.72 billion, value for money of -5.03, and a beta of 3.36. Marathon Oil has a 12-month low of $ 3.02 and a 12-month high of $ 12.30.

The company recently announced a quarterly dividend that will be paid on Wednesday March 10th. On Wednesday, February 17th, a dividend of $ 0.03 will be paid to shareholders of record. This equates to a dividend of $ 0.12 on an annual basis and a yield of 1.66%. The ex-dividend day is Tuesday, February 16th. Marathon Oil’s payout ratio is currently 16.00%.

Hedge funds and other institutional investors have recently changed their holdings. The Louisiana State Employees Retirement System increased its stake in Marathon Oil by 22.2% in the fourth quarter. The Louisiana State Employees Retirement System now owns 49,000 shares in the oil and gas producer, valued at $ 327,000, after purchasing an additional 8,900 shares last quarter. TruWealth Advisors LLC acquired a new stake in Marathon Oil valued at approximately $ 74,000 in the fourth quarter. Weld Capital Management LLC increased its stake in Marathon Oil by 37.0% in the third quarter. Weld Capital Management LLC now owns 26,446 shares in the oil and gas producer valued at $ 108,000 after purchasing an additional 7,136 shares last quarter. Assenagon Asset Management S.A. acquired a new stake in Marathon Oil valued at approximately $ 766,000 in the third quarter. Finally, Envestnet Asset Management Inc. increased its stake in Marathon Oil by 109.8% in the third quarter. Envestnet Asset Management Inc. now owns 672,410 shares in the oil and gas producer valued at $ 2,750,000 after purchasing an additional 351,980 shares last quarter. Institutional investors own 67.11% of the company’s shares.

Marathon Oil Corporation is an independent exploration and production company in the United States and Equatorial Guinea. The company is engaged in the exploration, production and marketing of crude oil and condensate, natural gas liquids and natural gas. and the production and marketing of products made from natural gas such as liquefied natural gas and methanol, as well as the owners and operators of 32 central collection and processing facilities and the Sugar Loaf collection system, a 42-mile natural gas pipeline through Counties Karnes and Atascosa.

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