About Marathon Oil Corporation (NYSE:MRO)
Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America. The International E&P segment explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Equatorial Guinea (E.G.). The Oil Sands Mining segment mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NYSE:MRO
- CUSIP: 56584910
- Web: www.marathonoil.com
- Market Cap: $11.68523 billion
- Outstanding Shares: 849,835,000
- 50 Day Moving Avg: $12.54
- 200 Day Moving Avg: $13.03
- 52 Week Range: $10.55 - $19.28
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -53.27
- P/E Growth: 0.23
- Annual Revenue: $4.7 billion
- Price / Sales: 2.50
- Book Value: $14.59 per share
- Price / Book: 0.95
- Annual Dividend: $0.20
- Dividend Yield: 1.5%
- EBITDA: $1.96 billion
- Net Margins: -140.22%
- Return on Equity: -2.86%
- Return on Assets: -1.57%
- Debt-to-Equity Ratio: 0.54%
- Current Ratio: 2.12%
- Quick Ratio: 2.06%
- Average Volume: 13.44 million shs.
- Beta: 2.3
- Short Ratio: 3.36
Frequently Asked Questions for Marathon Oil Corporation (NYSE:MRO)
What is Marathon Oil Corporation's stock symbol?
Marathon Oil Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRO."
How often does Marathon Oil Corporation pay dividends? What is the dividend yield for Marathon Oil Corporation?
Marathon Oil Corporation declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.05 per share on Monday, September 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, August 14th. View Marathon Oil Corporation's Dividend History.
How were Marathon Oil Corporation's earnings last quarter?
Marathon Oil Corporation (NYSE:MRO) posted its earnings results on Wednesday, August, 2nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.14) by $0.10. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. Marathon Oil Corporation's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.23) EPS. View Marathon Oil Corporation's Earnings History.
When will Marathon Oil Corporation make its next earnings announcement?
Where is Marathon Oil Corporation's stock going? Where will Marathon Oil Corporation's stock price be in 2017?
23 equities research analysts have issued 1-year price targets for Marathon Oil Corporation's shares. Their forecasts range from $9.00 to $29.00. On average, they anticipate Marathon Oil Corporation's share price to reach $17.05 in the next year. View Analyst Ratings for Marathon Oil Corporation.
What are analysts saying about Marathon Oil Corporation stock?
Here are some recent quotes from research analysts about Marathon Oil Corporation stock:
- 1. According to Zacks Investment Research, "Marathon Oil is a leading energy firm with a large and geographically-diverse reserve base and solid project pipeline. Additionally, it possesses a healthy balance sheet, which helps it to capitalize on investment opportunities. We also like the strong growth potential of Marathon’s high-margin liquids-rich unconventional plays and the company's recent entry into the prolific Permian Basin. Importantly, despite the weak commodity pricing environment, Marathon Oil has maintained its excellent track record of earnings surprise history, beating estimates in each of the last nine quarters thanks to its competitive cost structure and strong execution. But while being incrementally more positive on the company, we believe Marathon’s earnings and cash flows are bound to feel the heat from the ongoing oil price slump. Consequently, we would rather wait for a better entry point before accumulating shares." (8/2/2017)
- 2. FBR & Co analysts commented, "MRO reported 1Q17 earnings after the close on May 4. We see the stock outperforming as an earnings beat and a guidance raise further validate the resource play growth story. MRO raised its resource play growth targets to 20%– 25% (from 15%–20%) from 4Q16 to 4Q17. We continue to have strong conviction in the company’s longer-term growth target of 18%–22% from 2017 to 2021. However, we lower our price target to $20 (from $22) as a result of a lower commodity price deck. MRO hosts its earnings call on May 5 at 9:00 a.m." (5/5/2017)
- 3. KLR Group analysts commented, "Our MRO target price of $24 per share is unchanged following the bolt-on Delaware Basin acquisition. Marathon is acquiring ~21,000 net acres in the Permian Basin for ~$700 million in cash. Pro forma the two Delaware Basin transactions, the company's mid-cycle capital yield improves ~5% to ~105% versus the industry median cash recycle ratio of ~145%. The transactions should close in the second quarter and increase YE'17 net debt-to-EBITDA from ~1.6x to ~1.8x net of the oil sands mining divestiture." (3/23/2017)
- 4. Canaccord Genuity analysts commented, "We maintain a HOLD rating based on valuation." (3/21/2017)
Are investors shorting Marathon Oil Corporation?
Marathon Oil Corporation saw a decrease in short interest in September. As of September 29th, there was short interest totalling 35,884,554 shares, a decrease of 12.6% from the September 15th total of 41,054,389 shares. Based on an average trading volume of 14,515,219 shares, the short-interest ratio is currently 2.5 days. Approximately 4.2% of the shares of the stock are short sold.
Who are some of Marathon Oil Corporation's key competitors?
Some companies that are related to Marathon Oil Corporation include Concho Resources (CXO), Devon Energy Corp (DVN), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Cabot Oil & Gas Corporation (COG), Encana Corporation (ECA), EQT Corporation (EQT), Cimarex Energy Co (XEC), Diamondback Energy (FANG), Parsley Energy (PE), EQT GP Holdings, LP (EQGP), Antero Resources Corporation (AR), Rice Energy (RICE), Newfield Exploration Company (NFX), RSP Permian (RSPP), Energen Corporation (EGN) and Range Resources Corporation (RRC).
Who are Marathon Oil Corporation's key executives?
Marathon Oil Corporation's management team includes the folowing people:
- Lee M. Tillman, President, Chief Executive Officer, Director
- Dane E. Whitehead, Chief Financial Officer, Executive Vice President
- T. Mitch Little, Executive Vice President - Operations
- Reginald D. Hedgebeth, Senior Vice President, General Counsel, Secretary
- Patrick J. Wagner, Senior Vice President - Corporate Development and Strategy
- Gary Eugene Wilson, Chief Accounting Officer, Vice President, Controller
- Catherine L. Krajicek, Vice President - Conventional
- Dennis H. Reilley, Non-Executive Independent Chairman of the Board
- Gaurdie E. Banister Jr., Independent Director
- Gregory H. Boyce, Independent Director
How do I buy Marathon Oil Corporation stock?
Shares of Marathon Oil Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Marathon Oil Corporation's stock price today?
MarketBeat Community Rating for Marathon Oil Corporation (NYSE MRO)MarketBeat's community ratings are surveys of what our community members think about Marathon Oil Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Marathon Oil Corporation stock can currently be purchased for approximately $13.85.
Consensus Ratings for Marathon Oil Corporation (NYSE:MRO) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 14 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.30)|
|Consensus Price Target: ||$17.05 (23.10% upside)|Consensus Price Target History for Marathon Oil Corporation (NYSE:MRO)
Analysts' Ratings History for Marathon Oil Corporation (NYSE:MRO)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/11/2017||Barclays PLC||Boost Price Target||Equal Weight||$11.00 -> $13.00||N/A|
|10/10/2017||BMO Capital Markets||Set Price Target||Hold||$17.00||N/A|
|10/11/2017||Royal Bank Of Canada||Set Price Target||Hold||$16.00||N/A|
|10/5/2017||Stifel Nicolaus||Set Price Target||Hold||$10.00||N/A|
|10/6/2017||Jefferies Group LLC||Reiterated Rating||Hold||$12.00||N/A|
|10/4/2017||Scotiabank||Set Price Target||Buy||$19.00||N/A|
|9/28/2017||Piper Jaffray Companies||Reiterated Rating||Buy||Low|
|9/16/2017||Morgan Stanley||Reiterated Rating||Equal Weight||Low|
|8/9/2017||KLR Group||Reiterated Rating||Buy||$21.00 -> $23.00||Low|
|7/21/2017||Citigroup Inc.||Lower Price Target||Neutral||$15.00 -> $14.00||Low|
|7/12/2017||Stephens||Initiated Coverage||Equal Weight||$14.00||High|
|6/28/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral -> Neutral||$16.00||Medium|
|6/21/2017||Seaport Global Securities||Downgrade||Neutral -> Sell||$17.00 -> $9.00||High|
|5/23/2017||FBR & Co||Reiterated Rating||Buy||$20.00||Low|
|5/11/2017||Bank of America Corporation||Downgrade||Buy -> Neutral||$25.00 -> $22.00||Medium|
|3/21/2017||Canaccord Genuity||Reiterated Rating||Hold||$17.00||Low|
|3/10/2017||Susquehanna Bancshares Inc||Upgrade||Neutral -> Positive||$17.00||Low|
|3/1/2017||Credit Suisse Group||Reiterated Rating||Hold||$20.00||N/A|
|2/1/2017||Howard Weil||Upgrade||Sector Perform -> Outperform||N/A|
|12/15/2016||Nomura||Downgrade||Buy -> Neutral||N/A|
|12/15/2016||Instinet||Downgrade||Buy -> Neutral||$15.00 -> $19.00||N/A|
|11/28/2016||R. F. Lafferty||Initiated Coverage||Buy||$29.00||N/A|
|11/4/2016||Deutsche Bank AG||Reiterated Rating||Buy||N/A|
|9/9/2016||Societe Generale||Downgrade||Buy -> Hold||N/A|
|7/7/2016||Raymond James Financial, Inc.||Upgrade||Outperform -> Strong-Buy||$18.00||N/A|
|6/27/2016||Wolfe Research||Upgrade||Underperform -> Market Perform||N/A|
|6/21/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||$15.00 -> $17.00||N/A|
|4/13/2016||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|1/27/2016||Atlantic Securities||Downgrade||Overweight -> Neutral||$23.00 -> $10.00||N/A|
|12/11/2015||Argus||Downgrade||Buy -> Hold||N/A|
|12/9/2015||J P Morgan Chase & Co||Initiated Coverage||Underweight||$15.00||N/A|
|11/6/2015||Tudor Pickering||Downgrade||Buy -> Hold||$35.00||N/A|
Earnings History for Marathon Oil Corporation (NYSE:MRO)Earnings History by Quarter for Marathon Oil Corporation (NYSE MRO)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||($0.14)||($0.24)||$1.03 billion||$1.06 billion||View||Listen|
|5/4/2017||Q1 2017||($0.08)||($0.07)||$1.29 billion||$1.07 billion||View||Listen|
|2/15/2017||Q4 2016||($0.15)||($0.10)||$1.19 billion||$1.39 billion||View||N/A|
|11/2/2016||Q316||($0.20)||($0.11)||$1.10 billion||$1.23 billion||View||Listen|
|8/3/2016||Q2||($0.25)||($0.23)||$1.12 billion||$1.30 billion||View||N/A|
|5/4/2016||Q1||($0.46)||($0.43)||$903.27 million||$730.00 million||View||Listen|
|2/17/2016||Q4||($0.48)||($0.48)||$1.26 billion||$1.48 billion||View||Listen|
|11/4/2015||Q3||($0.40)||($0.20)||$1.38 billion||$1.32 billion||View||N/A|
|8/5/2015||Q2||($0.23)||($0.23)||$2.94 billion||$1.53 billion||View||N/A|
|5/6/2015||Q1 2015||($0.46)||($0.37)||$1.79 billion||$1.53 billion||View||N/A|
|2/18/2015||Q4||$0.03||($0.13)||$2.41 billion||$2.50 billion||View||N/A|
|11/3/2014||Q314||$0.58||$0.57||$2.93 billion||$2.97 billion||View||N/A|
|8/4/2014||Q214||$0.74||$0.62||$3.19 billion||$2.94 billion||View||N/A|
|2/5/2014||Q413||$0.72||$0.60||$3.57 billion||$3.29 million||View||N/A|
|10/31/2013||Q313||$0.76||$0.59||$3.80 billion||$26.27 billion||View||N/A|
|8/6/2013||Q2 2013||$0.71||$0.67||$3.84 billion||$3.90 billion||View||N/A|
|5/7/2013||Q1 2013||$0.72||$0.51||$4.25 billion||$4.11 billion||View||N/A|
|2/6/2013||Q4 2012||$0.69||$0.55||$4.09 billion||$4.24 billion||View||N/A|
|11/6/2012||Q312||$0.64||$0.64||$3.19 billion||$4.16 billion||View||N/A|
Earnings Estimates for Marathon Oil Corporation (NYSE:MRO)
2017 EPS Consensus Estimate: ($0.29)
2018 EPS Consensus Estimate: ($0.80)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Marathon Oil Corporation (NYSE:MRO)
|Most Recent Dividend:||9/11/2017|
|Dividend Growth:||-34.80% (3 Year Average)|
|Payout Ratio:||-2.55% (Trailing 12 Months of Earnings) |
-42.55% (Based on This Year's Estimates)
-76.92% (Based on Next Year's Estimates)
Dividend History by Quarter for Marathon Oil Corporation (NYSE MRO)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Marathon Oil Corporation (NYSE:MRO)
Insider Ownership Percentage: 0.40%Insider Trades by Quarter for Marathon Oil Corporation (NYSE:MRO)
Institutional Ownership Percentage: 80.81%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/10/2015||Lee M Tillman||CEO||Buy||28,791||$26.00||$748,566.00|| |
|3/7/2014||Annell Bay||VP||Sell||112,242||$34.10||$3,827,452.20|| |
|12/13/2013||Howard Sr Thill, Sr.||VP||Sell||67,638||$35.95||$2,431,586.10|| |
|9/12/2013||Steven Guidry||VP||Sell||35,774||$36.35||$1,300,384.90|| |
|5/16/2013||Michael K Stewart||Insider||Sell||2,221||$35.34||$78,490.14|| |
|2/15/2013||Thomas Mitchell Little||VP||Sell||6,836||$34.65||$236,867.40|| |
Headline Trends for Marathon Oil Corporation (NYSE:MRO)
Latest Headlines for Marathon Oil Corporation (NYSE:MRO)
Marathon Oil Corporation (MRO) Chart for Tuesday, October, 17, 2017