Trading Report: Today, Marathon Oil Corp. Expected to Earn Q3 2016 Earnings of ($0.10) Per Share (MRO)

Today, Marathon Oil Corp. Expected to Earn Q3 2016 Earnings of ($0.10) Per Share (MRO)

Marathon Oil Corp. (NYSE:MRO) – Investment analysts at Capital One Financial Corp. raised their Q3 2016 EPS estimates for shares of Marathon Oil Corp. in a research report issued to clients and investors on Monday. Capital One Financial Corp. analyst P. Johnston now forecasts that the firm will earn ($0.10) per share for the quarter, up from their prior forecast of ($0.11). Capital One Financial Corp. currently has a “Overweight” rating and a $17.00 target price on the stock. Capital One Financial Corp. also issued estimates for Marathon Oil Corp.’s Q4 2016 earnings at ($0.10) EPS, FY2016 earnings at ($0.87) EPS and FY2017 earnings at ($0.43) EPS.

MRO has been the subject of several other reports. Bank of America Corp. set a $21.00 target price on shares of Marathon Oil Corp. and gave the company a “buy” rating in a report on Thursday, September 8th. Credit Suisse Group AG downgraded shares of Marathon Oil Corp. from an “outperform” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Monday, September 12th. Seaport Global Securities downgraded shares of Marathon Oil Corp. from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Tuesday, August 30th. Jefferies Group set a $18.00 price target on shares of Marathon Oil Corp. and gave the company a “buy” rating in a research report on Wednesday, September 7th. Finally, Zacks Investment Research raised shares of Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.02.

Marathon Oil Corp. (NYSE:MRO) opened at 16.12 on Wednesday. The firm’s market capitalization is $13.66 billion. Marathon Oil Corp. has a one year low of $6.52 and a one year high of $20.44. The firm’s 50-day moving average price is $15.36 and its 200 day moving average price is $13.88.

Marathon Oil Corp. (NYSE:MRO) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.12 billion. Marathon Oil Corp. had a negative return on equity of 5.07% and a negative net margin of 43.87%. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th were issued a $0.05 dividend. The ex-dividend date was Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. Marathon Oil Corp.’s dividend payout ratio (DPR) is presently -6.58%.

Hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in Marathon Oil Corp. by 23.5% in the first quarter. State Street Corp now owns 43,544,730 shares of the company’s stock worth $485,080,000 after buying an additional 8,286,018 shares during the period. BlackRock Group LTD increased its stake in Marathon Oil Corp. by 71.7% in the first quarter. BlackRock Group LTD now owns 17,985,686 shares of the company’s stock worth $200,363,000 after buying an additional 7,512,828 shares during the period. Boston Partners acquired a new stake in Marathon Oil Corp. during the second quarter worth $109,519,000. FMR LLC increased its stake in Marathon Oil Corp. by 60.4% in the second quarter. FMR LLC now owns 17,566,438 shares of the company’s stock worth $263,671,000 after buying an additional 6,615,551 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Marathon Oil Corp. by 24.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 24,759,039 shares of the company’s stock worth $275,816,000 after buying an additional 4,824,590 shares during the period. Hedge funds and other institutional investors own 80.96% of the company’s stock.

About Marathon Oil Corp.

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