Q3 EPS Estimates for Marathon Oil Lifted by Zacks Research

Marathon Oil Co. (NYSE:MRO) – Research analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for shares of Marathon Oil in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst N. Choudhury now anticipates that the oil and gas producer will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.47. The consensus estimate for Marathon Oil’s current full-year earnings is $2.34 per share.

Several other brokerages have also recently commented on MRO. Barclays decreased their target price on Marathon Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. StockNews.com assumed coverage on Marathon Oil in a research note on Friday, November 15th. They set a “buy” rating on the stock. Piper Sandler dropped their target price on Marathon Oil from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. UBS Group lowered their price objective on shares of Marathon Oil from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Scotiabank upped their price objective on shares of Marathon Oil from $27.61 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.94.

Marathon Oil Trading Down 1.3 %

NYSE MRO opened at $28.55 on Friday. The firm’s 50 day moving average price is $27.57 and its two-hundred day moving average price is $27.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.61 and a current ratio of 0.69. Marathon Oil has a twelve month low of $21.81 and a twelve month high of $30.06. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 12.25 and a beta of 2.16.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.70 billion. Marathon Oil had a net margin of 19.73% and a return on equity of 12.80%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share.

Marathon Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, November 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.54%. Marathon Oil’s payout ratio is 18.88%.

Insider Activity

In other news, insider Patrick Wagner sold 36,094 shares of Marathon Oil stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $28.84, for a total transaction of $1,040,950.96. Following the sale, the insider now owns 104,735 shares of the company’s stock, valued at approximately $3,020,557.40. This trade represents a 25.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lee M. Tillman sold 256,591 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $29.07, for a total value of $7,459,100.37. Following the sale, the chief executive officer now owns 596,330 shares in the company, valued at approximately $17,335,313.10. This represents a 30.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 382,693 shares of company stock valued at $10,964,251. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Marathon Oil

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank grew its stake in shares of Marathon Oil by 15.0% in the 1st quarter. Comerica Bank now owns 172,258 shares of the oil and gas producer’s stock valued at $4,882,000 after purchasing an additional 22,526 shares during the period. Pacer Advisors Inc. boosted its stake in Marathon Oil by 10.2% in the 3rd quarter. Pacer Advisors Inc. now owns 14,727,190 shares of the oil and gas producer’s stock valued at $392,185,000 after buying an additional 1,357,369 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Marathon Oil in the 2nd quarter valued at $6,673,000. Ontario Teachers Pension Plan Board grew its position in Marathon Oil by 70.0% in the third quarter. Ontario Teachers Pension Plan Board now owns 68,864 shares of the oil and gas producer’s stock valued at $1,834,000 after acquiring an additional 28,350 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Marathon Oil during the third quarter worth $2,292,000. Institutional investors and hedge funds own 77.24% 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.