Marathon Oil (NYSE:MRO) Announces Quarterly Earnings Results

Marathon Oil (NYSE:MRO - Get Free Report) issued its quarterly earnings data on Wednesday. The oil and gas producer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03, Briefing.com reports. Marathon Oil had a return on equity of 14.09% and a net margin of 23.20%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Marathon Oil's revenue was down 7.7% compared to the same quarter last year.

Marathon Oil Price Performance

Shares of NYSE:MRO traded down $0.01 during mid-day trading on Thursday, reaching $26.09. The stock had a trading volume of 14,809,486 shares, compared to its average volume of 9,774,967. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.30. The company has a market cap of $14.91 billion, a P/E ratio of 10.19 and a beta of 2.22. Marathon Oil has a 1 year low of $21.63 and a 1 year high of $30.06. The business's 50 day moving average price is $26.98 and its 200 day moving average price is $25.44.

Marathon Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.69%. Marathon Oil's dividend payout ratio is currently 17.19%.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler lifted their price objective on Marathon Oil from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. The Goldman Sachs Group boosted their price target on Marathon Oil from $26.50 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, March 26th. Susquehanna reissued a "positive" rating and set a $33.00 price target on shares of Marathon Oil in a report on Monday, April 22nd. Mizuho boosted their price target on Marathon Oil from $28.00 to $31.00 and gave the company a "neutral" rating in a report on Friday, March 22nd. Finally, Scotiabank boosted their price target on Marathon Oil from $35.00 to $45.00 and gave the company a "sector outperform" rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Marathon Oil has a consensus rating of "Moderate Buy" and a consensus price target of $32.66.

Insider Buying and Selling

In other Marathon Oil news, insider Patrick Wagner sold 36,094 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $27.65, for a total transaction of $997,999.10. Following the sale, the insider now directly owns 140,829 shares in the company, valued at $3,893,921.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Marathon Oil news, CFO Dane E. Whitehead sold 73,233 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $27.06, for a total transaction of $1,981,684.98. Following the sale, the chief financial officer now directly owns 152,008 shares in the company, valued at $4,113,336.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Patrick Wagner sold 36,094 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $27.65, for a total value of $997,999.10. Following the sale, the insider now owns 140,829 shares in the company, valued at $3,893,921.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,332 shares of company stock worth $7,644,903. Corporate insiders own 0.35% 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.