Wall Street analysts expect Marathon Oil Co. (NYSE:MRO) to report sales of $1.56 billion for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Marathon Oil’s earnings, with estimates ranging from $1.46 billion to $1.68 billion. Marathon Oil posted sales of $1.38 billion during the same quarter last year, which would indicate a positive year over year growth rate of 13%. The company is scheduled to report its next earnings report on Wednesday, February 13th.

On average, analysts expect that Marathon Oil will report full year sales of $6.10 billion for the current fiscal year, with estimates ranging from $5.67 billion to $6.50 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.83 billion, with estimates ranging from $6.51 billion to $7.63 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Marathon Oil.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.47 billion. Marathon Oil had a return on equity of 4.48% and a net margin of 10.94%. The firm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share.

Several brokerages recently weighed in on MRO. Mizuho began coverage on Marathon Oil in a research report on Monday, July 23rd. They issued a “neutral” rating and a $28.00 price objective for the company. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, July 31st. Morgan Stanley increased their price objective on Marathon Oil from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Royal Bank of Canada set a $27.00 price objective on Marathon Oil and gave the stock a “hold” rating in a research report on Thursday, September 20th. Finally, Wells Fargo & Co upgraded Marathon Oil from a “market perform” rating to an “outperform” rating in a research note on Tuesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.99.

Marathon Oil stock traded down $0.21 during mid-day trading on Monday, hitting $17.84. The company’s stock had a trading volume of 17,025,206 shares, compared to its average volume of 13,987,730. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of -46.95, a PEG ratio of 1.52 and a beta of 2.45. Marathon Oil has a 1 year low of $14.27 and a 1 year high of $24.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.51.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, November 20th. Marathon Oil’s dividend payout ratio (DPR) is -52.63%.

In other Marathon Oil news, VP Thomas Mitchell Little sold 117,333 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $20.69, for a total transaction of $2,427,619.77. Following the transaction, the vice president now directly owns 394,569 shares in the company, valued at $8,163,632.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. acquired a new stake in shares of Marathon Oil in the second quarter valued at $111,000. Centaurus Financial Inc. acquired a new stake in shares of Marathon Oil in the second quarter valued at $133,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Marathon Oil in the second quarter valued at $133,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Marathon Oil in the third quarter valued at $134,000. Finally, Stelac Advisory Services LLC acquired a new stake in shares of Marathon Oil in the third quarter valued at $138,000. Institutional investors own 80.01% of the company’s stock.

About Marathon Oil

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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Earnings History and Estimates for Marathon Oil (NYSE:MRO)

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