View ValuationThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsMarathon Oil 향후 성장Future 기준 점검 0/6Marathon Oil 의 수익은 연간 5.8% 감소할 것으로 예상되는 반면, 연간 수익은 2.4% 로 증가할 것으로 예상됩니다. EPS는 연간 4.7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.3% 로 예상됩니다.핵심 정보-5.8%이익 성장률-4.73%EPS 성장률Oil and Gas 이익 성장11.3%매출 성장률2.4%향후 자기자본이익률8.26%애널리스트 커버리지Good마지막 업데이트20 Nov 2024최근 향후 성장 업데이트공시 • Nov 07Marathon Oil Corporation Provides Production Guidance for the Fourth Quarter of 2024 and Raises Production Guidance for the Year 2024Marathon Oil Corporation provided production guidance for the fourth quarter of 2024 and raised production guidance for the year 2024. The company expects fourth quarter oil production to moderate to approximately 190,000 net bopd, consistent with the phasing of its capital program and the associated sequential reduction in wells to sales, similar to the prior two years. The company raised full-year 2024 total oil production guidance to 192,000 net bopd and oil equivalent guidance to 393,000 net boed, while leaving the original full-year 2024 capital spending guidance range unchanged. Updated production guidance compares to prior oil and oil equivalent guidance midpoints of 190,000 net bopd and 390,000 net boed, respectively.공시 • Aug 10Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production between 195,000 bopd to 185,000 bopd.공시 • Feb 22Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production of 190,000 net bopd at the midpoint of its 2024 guidance range. Although winter weather is expected to lower first quarter production by about 4,000 net bopd, primarily concentrated in the Bakken, the Company expects no impact to its flat oil production guidance for the full year.공시 • Nov 02Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance range remain unchanged. For the full year 2023, the Company is trending to the high end of its annual 2023 total oil-equivalent production guidance range, the midpoint of its annual oil production guidance range.공시 • Aug 03Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance ranges remain unchanged with the Company's full year 2023 total Company oil equivalent production trending above the midpoint of guidance. Third quarter total Company oil and oil equivalent production are both expected to be at or above the high end of the annual guidance ranges.공시 • Feb 16+ 1 more updateMarathon Oil Corporation Provides Production Guidance for the Full Year 2023Marathon Oil Corporation provided production guidance for the full year 2023. For the year, the company expected to deliver maintenance-level total Company oil production of 190,000 net bopd at the midpoint of its 2023 guidance range. Total Company oil-equivalent production is expected to be 395,000 net boed at the midpoint of guidance, inclusive of downtime associated with a planned second quarter E.G. turnaround. Marathon Oil has not assumed any U.S. cash federal income tax payments in its 2023 financial guidance.모든 업데이트 보기Recent updates공시 • Nov 23+ 1 more updateMarathon Requests New York Stock Exchange File with the SEC an Application on Form 25 to Delist and Deregister Common Stock Under Section 12(b) of the Securities Exchange Act of 1934In connection with the consummation of the Merger, Marathon requested that the New York Stock Exchange (“NYSE”) suspend trading of Marathon’s common stock and file with the SEC an application on Form 25 to delist and deregister Marathon’s common stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The delisting of Marathon’s common stock from the NYSE will be effective 10 days after the filing of the Form 25. Following the effectiveness of such Form 25, Marathon intends to file with the SEC a certification on Form 15 requesting the termination of registration of Marathon’s common stock under Section 12(g) of the Exchange Act and the suspension of Marathon’s reporting obligations under Sections 13 and 15(d) of the Exchange Act with respect to Marathon’s common stock.Recent Insider Transactions • Nov 23Insider recently sold US$1.0m worth of stockOn the 19th of November, Patrick Wagner sold around 36k shares on-market at roughly US$28.84 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.4m. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months.Reported Earnings • Nov 07Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.51 (down from US$0.75 in 3Q 2023). Revenue: US$1.79b (up 1.0% from 3Q 2023). Net income: US$287.0m (down 37% from 3Q 2023). Profit margin: 16% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.공시 • Nov 07Marathon Oil Corporation Provides Production Guidance for the Fourth Quarter of 2024 and Raises Production Guidance for the Year 2024Marathon Oil Corporation provided production guidance for the fourth quarter of 2024 and raised production guidance for the year 2024. The company expects fourth quarter oil production to moderate to approximately 190,000 net bopd, consistent with the phasing of its capital program and the associated sequential reduction in wells to sales, similar to the prior two years. The company raised full-year 2024 total oil production guidance to 192,000 net bopd and oil equivalent guidance to 393,000 net boed, while leaving the original full-year 2024 capital spending guidance range unchanged. Updated production guidance compares to prior oil and oil equivalent guidance midpoints of 190,000 net bopd and 390,000 net boed, respectively.Declared Dividend • Nov 03Second quarter dividend of US$0.11 announcedDividend of US$0.11 is the same as last year. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range.공시 • Oct 31Marathon Oil Corporation Declares Third Quarter 2024 Dividend, Payable on December 10, 2024Marathon Oil Corporation announced that the company's board of directors has declared a dividend of 11 cents per share on the company’s common stock for the third quarter 2024. The dividend is payable on December 10, 2024, to stockholders of record on November 15, 2024.공시 • Oct 24Marathon Oil Corporation to Report Q3, 2024 Results on Nov 06, 2024Marathon Oil Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024Recent Insider Transactions • Sep 23Insider recently sold US$1.4m worth of stockOn the 18th of September, Dane Whitehead sold around 52k shares on-market at roughly US$27.50 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.Recent Insider Transactions • Sep 12Executive Vice President of Operations recently sold US$1.0m worth of stockOn the 6th of September, Michael Henderson sold around 38k shares on-market at roughly US$27.21 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by US$3.1m.Recent Insider Transactions Derivative • Sep 09Executive Vice President of Operations notifies of intention to sell stockMichael Henderson intends to sell 38k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of September. If the sale is conducted around the recent share price of US$27.21, it would amount to US$1.0m. Since September 2023, Michael's direct individual holding has increased from 24.94k shares to 43.15k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.공시 • Aug 10Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production between 195,000 bopd to 185,000 bopd.Reported Earnings • Aug 08Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: US$0.62 (up from US$0.47 in 2Q 2023). Revenue: US$1.71b (up 15% from 2Q 2023). Net income: US$349.0m (up 22% from 2Q 2023). Profit margin: 20% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year.Declared Dividend • Aug 04First quarter dividend of US$0.11 announcedShareholders will receive a dividend of US$0.11. Ex-date: 21st August 2024 Payment date: 10th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 3.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Aug 01Marathon Oil Corporation Declares Second Quarter 2024 Dividend, Payable on September 10, 2024Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 10, 2024, to stockholders of record on August 21, 2024.공시 • Jul 18Marathon Oil Corporation to Report Q2, 2024 Results on Aug 07, 2024Marathon Oil Corporation announced that they will report Q2, 2024 results After-Market on Aug 07, 2024Seeking Alpha • May 31ConocoPhillips Knocks It Out Of The Park With Purchase Of Marathon OilSummary Marathon Oil Corporation shares closed up 8.4% after the announcement of its acquisition by ConocoPhillips in a $22.5 billion all-stock deal. The transaction values Marathon Oil appropriately compared to similar companies, but the energy space as a whole appears undervalued. ConocoPhillips will gain significant assets in Equatorial Guinea and expects to generate $500 million in annual synergies from the acquisition. The terms of the deal make ConocoPhillips a big winner, though investors may want to consider a stake in Marathon Oil as well. Read the full article on Seeking Alpha공시 • May 30ConocoPhillips (NYSE:COP) entered into a definitive agreement to acquire Marathon Oil Corporation (NYSE:MRO) for $17.2 billion.ConocoPhillips (NYSE:COP) entered into a definitive agreement to acquire Marathon Oil Corporation (NYSE:MRO) for $17.2 billion May 28, 2024. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock. Upon termination of the Merger Agreement under specified circumstances, Marathon would be required to pay ConocoPhillips a termination fee of $557 million. The ConocoPhillips Center in Houston will remain the company’s headquarters. The completion of the Merger is subject to satisfaction or waiver of certain customary mutual closing conditions, including the receipt of the required approvals from Marathon stockholders; the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”); certain other specified regulatory approvals having been obtained; the effectiveness of the registration statement on Form S-4 to be filed by ConocoPhillips pursuant to which the shares of ConocoPhillips common stock to be issued in connection with the Merger are registered with the Securities and Exchange Commission (the “SEC”); the authorization for listing of ConocoPhillips common stock to be issued in connection with the Merger on the NYSE. Transaction has been unanimously approved by the board of directors of ConocoPhillips and Marathon Oil. The transaction is expected to close in the fourth quarter of 2024. Acquisition is immediately accretive to ConocoPhillips on earnings, cash from operations, free cash flow and return of capital per share to shareholders. Evercore is serving as ConocoPhillips’ financial advisor and Gregory E. Ostling and Zachary S. Podolsky of Wachtell, Lipton, Rosen & Katz serving as ConocoPhillips’ legal advisor for the transaction. Morgan Stanley & Co. LLC is serving as Marathon Oil’s financial advisor and Sean T. Wheeler, Debbie P. Yee, Camille E. Walker, Rachael Lichman; Julian Seiguer, Atma Kabad, David Wheat, Bill Dong, Ian John, Chuck Boyars, Thomas Wilson, Athina Van Melkebeke, Rob Fowler and Stephanie Jeane of Kirkland & Ellis LLP acted as Marathon Oil’s legal advisor for the transaction. Morgan Stanley & Co. LLC acted as fairness opinion provider to the board of Marathon Oil. Rob Masella, Mike Patrone, Deborah Birnbach, Amanda Gill, Christina Louise, Ademola, Wei Xu and Will Stanton of Goodwin Procter LLP acted as legal advisor to Morgan Stanley & Co. LLC.Seeking Alpha • May 19Marathon Oil Often Leads In Cost ProgressSummary Marathon Oil reduces per foot costs and increases initial flow rate, leading to lower well breakeven point and higher profitability. Management front loads capital budget, and has significant natural gas production. It is important to bring natural gas production online for the winter heating season. Despite the change in net income, adjusted cash flow from operating activities held up rather well for Marathon Oil. Marathon burnished the company's reputation as an operator with the announcement of cost-effective 3-mile wells. Read the full article on Seeking AlphaReported Earnings • May 02First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.52 (down from US$0.66 in 1Q 2023). Revenue: US$1.55b (down 1.8% from 1Q 2023). Net income: US$297.0m (down 29% from 1Q 2023). Profit margin: 19% (down from 26% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 28Fourth quarter dividend of US$0.11 announcedShareholders will receive a dividend of US$0.11. Ex-date: 14th May 2024 Payment date: 10th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 25Marathon Oil Corporation Declares Dividend for the First Quarter of 2024, Payable on June 10, 2024Marathon Oil Corporation announced that the company's board of directors has declared a dividend of 11 cents per share on company common stock for the first quarter of 2024. The dividend is payable on June 10, 2024, to stockholders of record on May 15, 2024.Buy Or Sell Opportunity • Apr 17Now 21% undervaluedOver the last 90 days, the stock has risen 25% to US$27.68. The fair value is estimated to be US$35.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are forecast to decline by 3.1% per annum over the same time period.공시 • Apr 12Marathon Oil Corporation, Annual General Meeting, May 22, 2024Marathon Oil Corporation, Annual General Meeting, May 22, 2024, at 08:00 Central Standard Time. Location: One MRO,Level 6 Auditorium 990 Town & Country Blvd.,Houston,TX77024 United States Agenda: To consider and Elect 8 directors to serve until the 2025 Annual Meeting; to consider Ratify the selection of PricewaterhouseCoopersLLPasour independent auditor for 2024; to consider Approve on an advisory basis our 2023 named executive officer compensation; and to transact such other business matters.공시 • Apr 03Marathon Oil Corporation to Report Q1, 2024 Results on May 01, 2024Marathon Oil Corporation announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 01, 2024Seeking Alpha • Mar 24Marathon Oil: Strong Setup For 2024Summary Marathon Oil shares have soared year-to-date due to high petroleum prices. The company is a concentrated resource play with major production in several U.S. shale basins where oil production grew 28% in FY 2023. Marathon Oil generates significant free cash flow and is set to aggressively buy back shares in FY 2024. Shares trade at a 15% earnings yield and are cheap. Read the full article on Seeking AlphaRecent Insider Transactions • Mar 22Chairman recently sold US$2.2m worth of stockOn the 19th of March, Lee Tillman sold around 81k shares on-market at roughly US$26.94 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Lee's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Mar 21Chairman notifies of intention to sell stockLee Tillman intends to sell 81k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of March. If the sale is conducted around the recent share price of US$26.94, it would amount to US$2.2m. For the year to December 2017, Lee's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Lee's direct individual holding has increased from 851.36k shares to 1.02m. Company insiders have collectively sold US$9.9m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Mar 04Marathon Oil: The Price Is RightSummary Marathon Oil trades at a significant discount to Permian peers. This discount is attributed to relatively small Permian production versus the Eagle Ford and Bakken. A 1.8% dividend is hardly exciting, but Marathon Oil is dedicated to growing the dividend in line with share repurchases. Marathon Oil retired 9% of the total shares in 2023 while raising the dividend 22%. I recommend MRO as a buy below $26/share, leaving 25% upside to an equivalent multiple to its peer group. Read the full article on Seeking Alpha공시 • Mar 04Marathon Oil Corporation Announces Executive ChangesMarathon Oil Corporation announced that Rob L. White has been promoted to Executive Vice President, effective May 1, 2024, and that Zach Dailey, Vice President, Internal Audit, will succeed Mr. White as Vice President, Controller and Chief Accounting Officer, effective May 1, 2024. Mr. White will replace Dane Whitehead, who informed the Company of his intention to retire from Marathon Oil effective July 1, 2024, following more than 7 years of service. Mr. Whitehead will continue serving as Executive Vice President and Chief Financial Officer until May 1, 2024, at which time he will serve as Advisor to the CEO to allow for the transition of his responsibilities prior to retirement in July 2024. Mr. White joined Marathon Oil in 1991 and has more than 30 years of experience in oil & gas accounting and finance. He has served as Vice President, Controller and Chief Accounting Officer since March 1, 2022. Prior to that, he served as Vice President of Internal Audit for the Company from May 2020 to March 2022, Director of Operations Planning from January 2018 to May 2020, and Director of Central Evaluation & Financial Planning from January 2014 to December 2017. Since joining the Company in 1991, Mr. White also served in various other leadership positions of increasing responsibility in corporate planning and domestic and international accounting. He holds a Bachelor of Science degree in Accounting from Eastern Illinois University and is a licensed Certified Public Accountant. Mr. Dailey joined Marathon Oil in 2015 and has more than 17 years of experience in the oil & gas industry. He has served as Vice President, Internal Audit for the Company since March 2022. Prior to that, he served as Growth Director – Business Development from March 2021 to March 2022, Director of Operations Planning from May 2020 to March 2021, Regional Vice President – Bakken from September 2018 to May 2020, Advisor to the President and CEO from July to September 2018 and Vice President of Investor Relations from April 2017 to July 2018. Prior to joining Marathon Oil, Mr. Dailey served in various finance roles at Linn Energy, Berry Petroleum Company and Morgan Keegan & Company. He holds a Bachelor of Arts degree in Political Science from Vanderbilt University and an Executive MBA from the University of Denver.공시 • Mar 02Marathon Oil Corporation Announces Chief Financial Officer ChangesMarathon Oil Corporation announced that Rob L. White has been promoted to Chief Financial Officer, effective May 1, 2024. Mr. White will replace Dane Whitehead, who informed the Company of his intention to retire from Marathon Oil effective July 1, 2024, following more than 7 years of service. Mr. Whitehead will continue serving as Chief Financial Officer until May 1, 2024, at which time he will serve as Advisor to the CEO to allow for the transition of his responsibilities prior to retirement in July 2024. Mr. White joined Marathon Oil in 1991 and has more than 30 years of experience in oil & gas accounting and finance. He has served as Vice President, Controller and Chief Accounting Officer since March 1, 2022. Prior to that, he served as Vice President of Internal Audit for the Company from May 2020 to March 2022, Director of Operations Planning from January 2018 to May 2020, and Director of Central Evaluation & Financial Planning from January 2014 to December 2017. Since joining the Company in 1991, Mr. White also served in various other leadership positions of increasing responsibility in corporate planning and domestic and international accounting. He holds a Bachelor of Science degree in Accounting from Eastern Illinois University and is a licensed Certified Public Accountant.New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (24% net profit margin).Reported Earnings • Feb 22Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$2.56 (down from US$5.27 in FY 2022). Revenue: US$6.70b (down 12% from FY 2022). Net income: US$1.55b (down 57% from FY 2022). Profit margin: 23% (down from 48% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.공시 • Feb 22Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production of 190,000 net bopd at the midpoint of its 2024 guidance range. Although winter weather is expected to lower first quarter production by about 4,000 net bopd, primarily concentrated in the Bakken, the Company expects no impact to its flat oil production guidance for the full year.Upcoming Dividend • Feb 13Upcoming dividend of US$0.11 per share at 1.9% yieldEligible shareholders must have bought the stock before 20 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.5%).Upcoming Dividend • Feb 13Upcoming dividend of US$0.11 per share at 1.9% yieldEligible shareholders must have bought the stock before 20 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.5%).Declared Dividend • Feb 04Third quarter dividend of US$0.11 announcedShareholders will receive a dividend of US$0.11. Ex-date: 20th February 2024 Payment date: 11th March 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Feb 01Marathon Oil Corporation Declares Fourth Quarter 2023 Dividend, Payable on March 11, 2024Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 11, 2024, to stockholders of record on February 21, 2024.공시 • Jan 17Marathon Oil Corporation to Report Q4, 2023 Results on Feb 21, 2024Marathon Oil Corporation announced that they will report Q4, 2023 results After-Market on Feb 21, 2024Seeking Alpha • Dec 18Marathon Oil: Opportunity To Buy An Energy Stock While Price Is Low And Demand StabilizesSummary Marathon Oil stock rated Buy, in line with the bullish sentiment on Seeking Alpha from analysts and Wall Street, and the quant system. Strong equity growth, production growth, and oil well geographic diversification. Expected upside in 2024 from possible supply cuts / geopolitical affairs, and heightened travel demand. Improvement to dividend income growth compared to slump years during pandemic. Read the full article on Seeking AlphaNew Risk • Dec 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (26% net profit margin). Significant insider selling over the past 3 months (US$2.8m sold).Upcoming Dividend • Nov 07Upcoming dividend of US$0.11 per share at 1.7% yieldEligible shareholders must have bought the stock before 14 November 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (4.5%).Seeking Alpha • Nov 05Marathon Oil: Free Cash Flow Machine And Portfolio HedgeSummary The oil market offers a hedge against risks impacting stocks and bonds, with rising oil prices contributing to inflation and interest rate hikes. Correlations between stocks, bonds, and oil-producing stocks have shifted, with oil stocks benefiting from inflation, while stocks and bonds move together due to shared exposure to inflation. Marathon Oil is a good hedge investment as a US-based oil producer that stands to gain from a potential block to Iranian oil exports. Even without geopolitical pressures, Marathon's low valuation, compared to its strong free cash flow, makes it a much better investment than most stocks and bonds. Marathon Oil may have the best risk-reward potential amongst large US oil producers. Read the full article on Seeking AlphaReported Earnings • Nov 02Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$0.75 (down from US$1.22 in 3Q 2022). Revenue: US$1.77b (down 12% from 3Q 2022). Net income: US$453.0m (down 45% from 3Q 2022). Profit margin: 26% (down from 41% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 87% per year and the company’s share price has also increased by 87% per year.공시 • Nov 02Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance range remain unchanged. For the full year 2023, the Company is trending to the high end of its annual 2023 total oil-equivalent production guidance range, the midpoint of its annual oil production guidance range.공시 • Oct 26Marathon Oil Corporation Declares Third-Quarter 2023 Dividend, Payable on December 11, 2023Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 11 cents per share on company's common stock. The dividend is payable on December 11, 2023, to stockholders of record on November 15, 2023.Seeking Alpha • Oct 24Marathon Oil: A Top-Tier Oil Play And Potential M&A TargetSummary U.S. shale production growth rates are declining due to various factors, including a focus on free cash flow and depletion of Tier One inventories. Devon Energy is rumored to be considering a major M&A deal, potentially acquiring Marathon Oil. Marathon Oil is a standout performer in the industry, with a commitment to maximizing sustainable free cash flow and shareholder value. Read the full article on Seeking AlphaNew Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Significant insider selling over the past 3 months (US$5.8m sold).공시 • Oct 05Marathon Oil Corporation to Report Q3, 2023 Results on Nov 01, 2023Marathon Oil Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023Recent Insider Transactions • Oct 02Executive VP & CFO recently sold US$1.4m worth of stockOn the 27th of September, Dane Whitehead sold around 50k shares on-market at roughly US$27.63 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dane has been a net seller over the last 12 months, reducing personal holdings by US$4.1m.Recent Insider Transactions Derivative • Sep 29Executive VP & CFO notifies of intention to sell stockDane Whitehead intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of September. If the sale is conducted around the recent share price of US$27.63, it would amount to US$1.4m. Since September 2022, Dane's direct individual holding has increased from 51.45k shares to 121.34k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Sep 22Accelerating Cash Flow Makes Marathon A BuySummary Marathon Oil's unique capital return policy and the recent rally in crude oil prices are expected to drive value for long-term shareholders. The company's focus on share buybacks, rather than supplemental dividends, has resulted in a decline in share count and per share accretion. Marathon Oil's stake in Equatorial Guinea's LNG export hub and its lean operations have further contributed to its resilience and potential for upside. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Sep 18Chairman notifies of intention to sell stockLee Tillman intends to sell 160k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of September. If the sale is conducted around the recent share price of US$27.36, it would amount to US$4.4m. For the year to December 2016, Lee's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Lee's direct individual holding has increased from 312.98k shares to 851.36k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Sep 03Marathon Oil: Low Dividend Payout Is Not Helping The Long NarrativeSummary Marathon Oil Corporation reported a second-quarter 2023 adjusted net income per share of $0.48, beating analysts' expectations. Marathon Oil is an attractive E&P company with a significant U.S. E&P production, providing solid support for its long-term outlook. The company announced a quarterly dividend of $0.10 per share in 2Q23. I recommend buying MRO between $25.5 and $26, with potential lower support at $25.1. Read the full article on Seeking AlphaRecent Insider Transactions • Aug 28Executive VP & CFO recently sold US$1.3m worth of stockOn the 23rd of August, Dane Whitehead sold around 50k shares on-market at roughly US$25.76 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dane has been a net seller over the last 12 months, reducing personal holdings by US$4.2m.Recent Insider Transactions Derivative • Aug 25Executive VP & CFO notifies of intention to sell stockDane Whitehead intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of August. If the sale is conducted around the recent share price of US$25.76, it would amount to US$1.3m. Since September 2022, Dane's direct individual holding has increased from 51.45k shares to 171.24k. Company insiders have collectively sold US$16m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Aug 19Marathon Oil: Risk Factors In Gas Valuation And Limited Returns (Rating Downgrade)Summary Marathon Oil Corporation is a $16.3 billion market cap gas and oil producer paying a 1.5% dividend. The company is most active in the Eagle Ford and the Bakken and has numerous competitors. It also has operations in Equatorial Guinea. The company's downside risk on gas valuation and its limited cash returns to shareholders make it less attractive to investors than many others in the sector. Read the full article on Seeking AlphaUpcoming Dividend • Aug 08Upcoming dividend of US$0.10 per share at 1.5% yieldEligible shareholders must have bought the stock before 15 August 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.4%).Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.47 (down from US$1.37 in 2Q 2022). Revenue: US$1.49b (down 32% from 2Q 2022). Net income: US$287.0m (down 70% from 2Q 2022). Profit margin: 19% (down from 44% in 2Q 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth.공시 • Aug 03Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance ranges remain unchanged with the Company's full year 2023 total Company oil equivalent production trending above the midpoint of guidance. Third quarter total Company oil and oil equivalent production are both expected to be at or above the high end of the annual guidance ranges.공시 • Jul 27Marathon Oil Corporation Declares Second-Quarter 2023 Dividend, Payable on September 11, 2023Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 11, 2023, to stockholders of record on August 16, 2023.공시 • Jul 12Marathon Oil Corporation to Report Q2, 2023 Results on Aug 02, 2023Marathon Oil Corporation announced that they will report Q2, 2023 results After-Market on Aug 02, 2023공시 • Feb 16+ 1 more updateMarathon Oil Corporation Provides Production Guidance for the Full Year 2023Marathon Oil Corporation provided production guidance for the full year 2023. For the year, the company expected to deliver maintenance-level total Company oil production of 190,000 net bopd at the midpoint of its 2023 guidance range. Total Company oil-equivalent production is expected to be 395,000 net boed at the midpoint of guidance, inclusive of downtime associated with a planned second quarter E.G. turnaround. Marathon Oil has not assumed any U.S. cash federal income tax payments in its 2023 financial guidance.공시 • Jan 26Marathon Oil Corporation Declares Fourth Quarter 2022 Dividend, Payable on March 10, 2023Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 10, 2023, to stockholders of record on February 15, 2023.공시 • Jan 12Marathon Oil Corporation to Report Q4, 2022 Results on Feb 15, 2023Marathon Oil Corporation announced that they will report Q4, 2022 results After-Market on Feb 15, 2023이익 및 매출 성장 예측NYSE:MRO - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20266,9911,3551,8893,825612/31/20256,6361,3251,7553,7081012/31/20246,6761,2551,7503,88439/30/20246,5611,3302,0484,134N/A6/30/20246,5911,4961,9143,991N/A3/31/20246,4091,4341,9443,979N/A12/31/20236,4531,5542,0544,087N/A9/30/20236,4541,6822,0984,134N/A6/30/20236,6952,0462,6074,624N/A3/31/20237,3862,7253,4775,226N/A12/31/20227,5753,6123,9485,428N/A9/30/20227,7003,7364,0565,447N/A6/30/20227,1253,1033,4574,707N/A3/31/20226,2052,1532,5153,684N/A12/31/20215,6169462,2073,239N/A9/30/20214,709-411,4862,511N/A6/30/20214,034-5421,1602,040N/A3/31/20213,271-1,3084621,394N/A12/31/20203,122-1,4511301,473N/A9/30/20203,532-1,133491,755N/A6/30/20204,023-651-872,147N/A3/31/20204,9212603802,935N/A12/31/20195,1254801992,749N/A9/30/20195,2798902862,904N/A6/30/20195,6819794153,130N/A3/31/20195,7469143943,100N/A12/31/20186,0521,0964813,234N/A9/30/20186,0436781422,880N/A6/30/20185,547-175N/A2,481N/A3/31/20185,011-424N/A2,270N/A12/31/20174,487-830N/A2,131N/A9/30/20173,908-2,185N/A2,248N/A6/30/20173,607-1,792N/A1,952N/A3/31/20173,431-1,777N/A1,606N/A12/31/20163,198-2,087N/A1,139N/A9/30/20163,375-1,497N/A912N/A6/30/20163,883-2,040N/A1,140N/A3/31/20164,601-2,288N/A1,338N/A12/31/20154,557-1,701N/A1,666N/A9/30/20156,666-1,504N/A2,368N/A6/30/20158,114-451N/A3,646N/A3/31/20159,490295N/A4,326N/A12/31/201410,684969N/A5,487N/A9/30/201410,7221,198N/A5,561N/A6/30/201410,8751,290N/A5,432N/A3/31/201411,0001,171N/A5,212N/A12/31/201311,187931N/A5,270N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MRO 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -5.8%).수익 vs 시장: MRO 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -5.8%).고성장 수익: MRO 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: MRO 의 수익(연간 2.4%)이 US 시장(연간 11.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: MRO 의 수익(연간 2.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MRO의 자본 수익률은 3년 후 8.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/11/21 17:15종가2024/11/21 00:00수익2024/09/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Marathon Oil Corporation는 28명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관William SeleskyArgus Research CompanyYim ChengBarclaysRandy OllenbergerBMO Capital Markets Equity Research25명의 분석가 더 보기
공시 • Nov 07Marathon Oil Corporation Provides Production Guidance for the Fourth Quarter of 2024 and Raises Production Guidance for the Year 2024Marathon Oil Corporation provided production guidance for the fourth quarter of 2024 and raised production guidance for the year 2024. The company expects fourth quarter oil production to moderate to approximately 190,000 net bopd, consistent with the phasing of its capital program and the associated sequential reduction in wells to sales, similar to the prior two years. The company raised full-year 2024 total oil production guidance to 192,000 net bopd and oil equivalent guidance to 393,000 net boed, while leaving the original full-year 2024 capital spending guidance range unchanged. Updated production guidance compares to prior oil and oil equivalent guidance midpoints of 190,000 net bopd and 390,000 net boed, respectively.
공시 • Aug 10Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production between 195,000 bopd to 185,000 bopd.
공시 • Feb 22Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production of 190,000 net bopd at the midpoint of its 2024 guidance range. Although winter weather is expected to lower first quarter production by about 4,000 net bopd, primarily concentrated in the Bakken, the Company expects no impact to its flat oil production guidance for the full year.
공시 • Nov 02Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance range remain unchanged. For the full year 2023, the Company is trending to the high end of its annual 2023 total oil-equivalent production guidance range, the midpoint of its annual oil production guidance range.
공시 • Aug 03Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance ranges remain unchanged with the Company's full year 2023 total Company oil equivalent production trending above the midpoint of guidance. Third quarter total Company oil and oil equivalent production are both expected to be at or above the high end of the annual guidance ranges.
공시 • Feb 16+ 1 more updateMarathon Oil Corporation Provides Production Guidance for the Full Year 2023Marathon Oil Corporation provided production guidance for the full year 2023. For the year, the company expected to deliver maintenance-level total Company oil production of 190,000 net bopd at the midpoint of its 2023 guidance range. Total Company oil-equivalent production is expected to be 395,000 net boed at the midpoint of guidance, inclusive of downtime associated with a planned second quarter E.G. turnaround. Marathon Oil has not assumed any U.S. cash federal income tax payments in its 2023 financial guidance.
공시 • Nov 23+ 1 more updateMarathon Requests New York Stock Exchange File with the SEC an Application on Form 25 to Delist and Deregister Common Stock Under Section 12(b) of the Securities Exchange Act of 1934In connection with the consummation of the Merger, Marathon requested that the New York Stock Exchange (“NYSE”) suspend trading of Marathon’s common stock and file with the SEC an application on Form 25 to delist and deregister Marathon’s common stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The delisting of Marathon’s common stock from the NYSE will be effective 10 days after the filing of the Form 25. Following the effectiveness of such Form 25, Marathon intends to file with the SEC a certification on Form 15 requesting the termination of registration of Marathon’s common stock under Section 12(g) of the Exchange Act and the suspension of Marathon’s reporting obligations under Sections 13 and 15(d) of the Exchange Act with respect to Marathon’s common stock.
Recent Insider Transactions • Nov 23Insider recently sold US$1.0m worth of stockOn the 19th of November, Patrick Wagner sold around 36k shares on-market at roughly US$28.84 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.4m. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months.
Reported Earnings • Nov 07Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$0.51 (down from US$0.75 in 3Q 2023). Revenue: US$1.79b (up 1.0% from 3Q 2023). Net income: US$287.0m (down 37% from 3Q 2023). Profit margin: 16% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Nov 07Marathon Oil Corporation Provides Production Guidance for the Fourth Quarter of 2024 and Raises Production Guidance for the Year 2024Marathon Oil Corporation provided production guidance for the fourth quarter of 2024 and raised production guidance for the year 2024. The company expects fourth quarter oil production to moderate to approximately 190,000 net bopd, consistent with the phasing of its capital program and the associated sequential reduction in wells to sales, similar to the prior two years. The company raised full-year 2024 total oil production guidance to 192,000 net bopd and oil equivalent guidance to 393,000 net boed, while leaving the original full-year 2024 capital spending guidance range unchanged. Updated production guidance compares to prior oil and oil equivalent guidance midpoints of 190,000 net bopd and 390,000 net boed, respectively.
Declared Dividend • Nov 03Second quarter dividend of US$0.11 announcedDividend of US$0.11 is the same as last year. Ex-date: 15th November 2024 Payment date: 10th December 2024 Dividend yield will be 1.6%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range.
공시 • Oct 31Marathon Oil Corporation Declares Third Quarter 2024 Dividend, Payable on December 10, 2024Marathon Oil Corporation announced that the company's board of directors has declared a dividend of 11 cents per share on the company’s common stock for the third quarter 2024. The dividend is payable on December 10, 2024, to stockholders of record on November 15, 2024.
공시 • Oct 24Marathon Oil Corporation to Report Q3, 2024 Results on Nov 06, 2024Marathon Oil Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024
Recent Insider Transactions • Sep 23Insider recently sold US$1.4m worth of stockOn the 18th of September, Dane Whitehead sold around 52k shares on-market at roughly US$27.50 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 12Executive Vice President of Operations recently sold US$1.0m worth of stockOn the 6th of September, Michael Henderson sold around 38k shares on-market at roughly US$27.21 per share. This transaction amounted to 88% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by US$3.1m.
Recent Insider Transactions Derivative • Sep 09Executive Vice President of Operations notifies of intention to sell stockMichael Henderson intends to sell 38k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of September. If the sale is conducted around the recent share price of US$27.21, it would amount to US$1.0m. Since September 2023, Michael's direct individual holding has increased from 24.94k shares to 43.15k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Aug 10Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production between 195,000 bopd to 185,000 bopd.
Reported Earnings • Aug 08Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: US$0.62 (up from US$0.47 in 2Q 2023). Revenue: US$1.71b (up 15% from 2Q 2023). Net income: US$349.0m (up 22% from 2Q 2023). Profit margin: 20% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year.
Declared Dividend • Aug 04First quarter dividend of US$0.11 announcedShareholders will receive a dividend of US$0.11. Ex-date: 21st August 2024 Payment date: 10th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 3.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Aug 01Marathon Oil Corporation Declares Second Quarter 2024 Dividend, Payable on September 10, 2024Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 10, 2024, to stockholders of record on August 21, 2024.
공시 • Jul 18Marathon Oil Corporation to Report Q2, 2024 Results on Aug 07, 2024Marathon Oil Corporation announced that they will report Q2, 2024 results After-Market on Aug 07, 2024
Seeking Alpha • May 31ConocoPhillips Knocks It Out Of The Park With Purchase Of Marathon OilSummary Marathon Oil Corporation shares closed up 8.4% after the announcement of its acquisition by ConocoPhillips in a $22.5 billion all-stock deal. The transaction values Marathon Oil appropriately compared to similar companies, but the energy space as a whole appears undervalued. ConocoPhillips will gain significant assets in Equatorial Guinea and expects to generate $500 million in annual synergies from the acquisition. The terms of the deal make ConocoPhillips a big winner, though investors may want to consider a stake in Marathon Oil as well. Read the full article on Seeking Alpha
공시 • May 30ConocoPhillips (NYSE:COP) entered into a definitive agreement to acquire Marathon Oil Corporation (NYSE:MRO) for $17.2 billion.ConocoPhillips (NYSE:COP) entered into a definitive agreement to acquire Marathon Oil Corporation (NYSE:MRO) for $17.2 billion May 28, 2024. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock. Upon termination of the Merger Agreement under specified circumstances, Marathon would be required to pay ConocoPhillips a termination fee of $557 million. The ConocoPhillips Center in Houston will remain the company’s headquarters. The completion of the Merger is subject to satisfaction or waiver of certain customary mutual closing conditions, including the receipt of the required approvals from Marathon stockholders; the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”); certain other specified regulatory approvals having been obtained; the effectiveness of the registration statement on Form S-4 to be filed by ConocoPhillips pursuant to which the shares of ConocoPhillips common stock to be issued in connection with the Merger are registered with the Securities and Exchange Commission (the “SEC”); the authorization for listing of ConocoPhillips common stock to be issued in connection with the Merger on the NYSE. Transaction has been unanimously approved by the board of directors of ConocoPhillips and Marathon Oil. The transaction is expected to close in the fourth quarter of 2024. Acquisition is immediately accretive to ConocoPhillips on earnings, cash from operations, free cash flow and return of capital per share to shareholders. Evercore is serving as ConocoPhillips’ financial advisor and Gregory E. Ostling and Zachary S. Podolsky of Wachtell, Lipton, Rosen & Katz serving as ConocoPhillips’ legal advisor for the transaction. Morgan Stanley & Co. LLC is serving as Marathon Oil’s financial advisor and Sean T. Wheeler, Debbie P. Yee, Camille E. Walker, Rachael Lichman; Julian Seiguer, Atma Kabad, David Wheat, Bill Dong, Ian John, Chuck Boyars, Thomas Wilson, Athina Van Melkebeke, Rob Fowler and Stephanie Jeane of Kirkland & Ellis LLP acted as Marathon Oil’s legal advisor for the transaction. Morgan Stanley & Co. LLC acted as fairness opinion provider to the board of Marathon Oil. Rob Masella, Mike Patrone, Deborah Birnbach, Amanda Gill, Christina Louise, Ademola, Wei Xu and Will Stanton of Goodwin Procter LLP acted as legal advisor to Morgan Stanley & Co. LLC.
Seeking Alpha • May 19Marathon Oil Often Leads In Cost ProgressSummary Marathon Oil reduces per foot costs and increases initial flow rate, leading to lower well breakeven point and higher profitability. Management front loads capital budget, and has significant natural gas production. It is important to bring natural gas production online for the winter heating season. Despite the change in net income, adjusted cash flow from operating activities held up rather well for Marathon Oil. Marathon burnished the company's reputation as an operator with the announcement of cost-effective 3-mile wells. Read the full article on Seeking Alpha
Reported Earnings • May 02First quarter 2024 earnings: EPS and revenues miss analyst expectationsFirst quarter 2024 results: EPS: US$0.52 (down from US$0.66 in 1Q 2023). Revenue: US$1.55b (down 1.8% from 1Q 2023). Net income: US$297.0m (down 29% from 1Q 2023). Profit margin: 19% (down from 26% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 2.0%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 28Fourth quarter dividend of US$0.11 announcedShareholders will receive a dividend of US$0.11. Ex-date: 14th May 2024 Payment date: 10th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 25Marathon Oil Corporation Declares Dividend for the First Quarter of 2024, Payable on June 10, 2024Marathon Oil Corporation announced that the company's board of directors has declared a dividend of 11 cents per share on company common stock for the first quarter of 2024. The dividend is payable on June 10, 2024, to stockholders of record on May 15, 2024.
Buy Or Sell Opportunity • Apr 17Now 21% undervaluedOver the last 90 days, the stock has risen 25% to US$27.68. The fair value is estimated to be US$35.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are forecast to decline by 3.1% per annum over the same time period.
공시 • Apr 12Marathon Oil Corporation, Annual General Meeting, May 22, 2024Marathon Oil Corporation, Annual General Meeting, May 22, 2024, at 08:00 Central Standard Time. Location: One MRO,Level 6 Auditorium 990 Town & Country Blvd.,Houston,TX77024 United States Agenda: To consider and Elect 8 directors to serve until the 2025 Annual Meeting; to consider Ratify the selection of PricewaterhouseCoopersLLPasour independent auditor for 2024; to consider Approve on an advisory basis our 2023 named executive officer compensation; and to transact such other business matters.
공시 • Apr 03Marathon Oil Corporation to Report Q1, 2024 Results on May 01, 2024Marathon Oil Corporation announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 01, 2024
Seeking Alpha • Mar 24Marathon Oil: Strong Setup For 2024Summary Marathon Oil shares have soared year-to-date due to high petroleum prices. The company is a concentrated resource play with major production in several U.S. shale basins where oil production grew 28% in FY 2023. Marathon Oil generates significant free cash flow and is set to aggressively buy back shares in FY 2024. Shares trade at a 15% earnings yield and are cheap. Read the full article on Seeking Alpha
Recent Insider Transactions • Mar 22Chairman recently sold US$2.2m worth of stockOn the 19th of March, Lee Tillman sold around 81k shares on-market at roughly US$26.94 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Lee's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Mar 21Chairman notifies of intention to sell stockLee Tillman intends to sell 81k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of March. If the sale is conducted around the recent share price of US$26.94, it would amount to US$2.2m. For the year to December 2017, Lee's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Lee's direct individual holding has increased from 851.36k shares to 1.02m. Company insiders have collectively sold US$9.9m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Mar 04Marathon Oil: The Price Is RightSummary Marathon Oil trades at a significant discount to Permian peers. This discount is attributed to relatively small Permian production versus the Eagle Ford and Bakken. A 1.8% dividend is hardly exciting, but Marathon Oil is dedicated to growing the dividend in line with share repurchases. Marathon Oil retired 9% of the total shares in 2023 while raising the dividend 22%. I recommend MRO as a buy below $26/share, leaving 25% upside to an equivalent multiple to its peer group. Read the full article on Seeking Alpha
공시 • Mar 04Marathon Oil Corporation Announces Executive ChangesMarathon Oil Corporation announced that Rob L. White has been promoted to Executive Vice President, effective May 1, 2024, and that Zach Dailey, Vice President, Internal Audit, will succeed Mr. White as Vice President, Controller and Chief Accounting Officer, effective May 1, 2024. Mr. White will replace Dane Whitehead, who informed the Company of his intention to retire from Marathon Oil effective July 1, 2024, following more than 7 years of service. Mr. Whitehead will continue serving as Executive Vice President and Chief Financial Officer until May 1, 2024, at which time he will serve as Advisor to the CEO to allow for the transition of his responsibilities prior to retirement in July 2024. Mr. White joined Marathon Oil in 1991 and has more than 30 years of experience in oil & gas accounting and finance. He has served as Vice President, Controller and Chief Accounting Officer since March 1, 2022. Prior to that, he served as Vice President of Internal Audit for the Company from May 2020 to March 2022, Director of Operations Planning from January 2018 to May 2020, and Director of Central Evaluation & Financial Planning from January 2014 to December 2017. Since joining the Company in 1991, Mr. White also served in various other leadership positions of increasing responsibility in corporate planning and domestic and international accounting. He holds a Bachelor of Science degree in Accounting from Eastern Illinois University and is a licensed Certified Public Accountant. Mr. Dailey joined Marathon Oil in 2015 and has more than 17 years of experience in the oil & gas industry. He has served as Vice President, Internal Audit for the Company since March 2022. Prior to that, he served as Growth Director – Business Development from March 2021 to March 2022, Director of Operations Planning from May 2020 to March 2021, Regional Vice President – Bakken from September 2018 to May 2020, Advisor to the President and CEO from July to September 2018 and Vice President of Investor Relations from April 2017 to July 2018. Prior to joining Marathon Oil, Mr. Dailey served in various finance roles at Linn Energy, Berry Petroleum Company and Morgan Keegan & Company. He holds a Bachelor of Arts degree in Political Science from Vanderbilt University and an Executive MBA from the University of Denver.
공시 • Mar 02Marathon Oil Corporation Announces Chief Financial Officer ChangesMarathon Oil Corporation announced that Rob L. White has been promoted to Chief Financial Officer, effective May 1, 2024. Mr. White will replace Dane Whitehead, who informed the Company of his intention to retire from Marathon Oil effective July 1, 2024, following more than 7 years of service. Mr. Whitehead will continue serving as Chief Financial Officer until May 1, 2024, at which time he will serve as Advisor to the CEO to allow for the transition of his responsibilities prior to retirement in July 2024. Mr. White joined Marathon Oil in 1991 and has more than 30 years of experience in oil & gas accounting and finance. He has served as Vice President, Controller and Chief Accounting Officer since March 1, 2022. Prior to that, he served as Vice President of Internal Audit for the Company from May 2020 to March 2022, Director of Operations Planning from January 2018 to May 2020, and Director of Central Evaluation & Financial Planning from January 2014 to December 2017. Since joining the Company in 1991, Mr. White also served in various other leadership positions of increasing responsibility in corporate planning and domestic and international accounting. He holds a Bachelor of Science degree in Accounting from Eastern Illinois University and is a licensed Certified Public Accountant.
New Risk • Feb 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (24% net profit margin).
Reported Earnings • Feb 22Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: US$2.56 (down from US$5.27 in FY 2022). Revenue: US$6.70b (down 12% from FY 2022). Net income: US$1.55b (down 57% from FY 2022). Profit margin: 23% (down from 48% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
공시 • Feb 22Marathon Oil Corporation Provides Production Guidance for the Full Year 2024Marathon Oil Corporation provided production guidance for the full year 2024. For the year, the company expects to deliver total Company oil production of 190,000 net bopd at the midpoint of its 2024 guidance range. Although winter weather is expected to lower first quarter production by about 4,000 net bopd, primarily concentrated in the Bakken, the Company expects no impact to its flat oil production guidance for the full year.
Upcoming Dividend • Feb 13Upcoming dividend of US$0.11 per share at 1.9% yieldEligible shareholders must have bought the stock before 20 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.5%).
Upcoming Dividend • Feb 13Upcoming dividend of US$0.11 per share at 1.9% yieldEligible shareholders must have bought the stock before 20 February 2024. Payment date: 11 March 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.5%).
Declared Dividend • Feb 04Third quarter dividend of US$0.11 announcedShareholders will receive a dividend of US$0.11. Ex-date: 20th February 2024 Payment date: 11th March 2024 Dividend yield will be 1.9%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Feb 01Marathon Oil Corporation Declares Fourth Quarter 2023 Dividend, Payable on March 11, 2024Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 11, 2024, to stockholders of record on February 21, 2024.
공시 • Jan 17Marathon Oil Corporation to Report Q4, 2023 Results on Feb 21, 2024Marathon Oil Corporation announced that they will report Q4, 2023 results After-Market on Feb 21, 2024
Seeking Alpha • Dec 18Marathon Oil: Opportunity To Buy An Energy Stock While Price Is Low And Demand StabilizesSummary Marathon Oil stock rated Buy, in line with the bullish sentiment on Seeking Alpha from analysts and Wall Street, and the quant system. Strong equity growth, production growth, and oil well geographic diversification. Expected upside in 2024 from possible supply cuts / geopolitical affairs, and heightened travel demand. Improvement to dividend income growth compared to slump years during pandemic. Read the full article on Seeking Alpha
New Risk • Dec 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (26% net profit margin). Significant insider selling over the past 3 months (US$2.8m sold).
Upcoming Dividend • Nov 07Upcoming dividend of US$0.11 per share at 1.7% yieldEligible shareholders must have bought the stock before 14 November 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (4.5%).
Seeking Alpha • Nov 05Marathon Oil: Free Cash Flow Machine And Portfolio HedgeSummary The oil market offers a hedge against risks impacting stocks and bonds, with rising oil prices contributing to inflation and interest rate hikes. Correlations between stocks, bonds, and oil-producing stocks have shifted, with oil stocks benefiting from inflation, while stocks and bonds move together due to shared exposure to inflation. Marathon Oil is a good hedge investment as a US-based oil producer that stands to gain from a potential block to Iranian oil exports. Even without geopolitical pressures, Marathon's low valuation, compared to its strong free cash flow, makes it a much better investment than most stocks and bonds. Marathon Oil may have the best risk-reward potential amongst large US oil producers. Read the full article on Seeking Alpha
Reported Earnings • Nov 02Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$0.75 (down from US$1.22 in 3Q 2022). Revenue: US$1.77b (down 12% from 3Q 2022). Net income: US$453.0m (down 45% from 3Q 2022). Profit margin: 26% (down from 41% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 87% per year and the company’s share price has also increased by 87% per year.
공시 • Nov 02Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance range remain unchanged. For the full year 2023, the Company is trending to the high end of its annual 2023 total oil-equivalent production guidance range, the midpoint of its annual oil production guidance range.
공시 • Oct 26Marathon Oil Corporation Declares Third-Quarter 2023 Dividend, Payable on December 11, 2023Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 11 cents per share on company's common stock. The dividend is payable on December 11, 2023, to stockholders of record on November 15, 2023.
Seeking Alpha • Oct 24Marathon Oil: A Top-Tier Oil Play And Potential M&A TargetSummary U.S. shale production growth rates are declining due to various factors, including a focus on free cash flow and depletion of Tier One inventories. Devon Energy is rumored to be considering a major M&A deal, potentially acquiring Marathon Oil. Marathon Oil is a standout performer in the industry, with a commitment to maximizing sustainable free cash flow and shareholder value. Read the full article on Seeking Alpha
New Risk • Oct 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Significant insider selling over the past 3 months (US$5.8m sold).
공시 • Oct 05Marathon Oil Corporation to Report Q3, 2023 Results on Nov 01, 2023Marathon Oil Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023
Recent Insider Transactions • Oct 02Executive VP & CFO recently sold US$1.4m worth of stockOn the 27th of September, Dane Whitehead sold around 50k shares on-market at roughly US$27.63 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dane has been a net seller over the last 12 months, reducing personal holdings by US$4.1m.
Recent Insider Transactions Derivative • Sep 29Executive VP & CFO notifies of intention to sell stockDane Whitehead intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of September. If the sale is conducted around the recent share price of US$27.63, it would amount to US$1.4m. Since September 2022, Dane's direct individual holding has increased from 51.45k shares to 121.34k. Company insiders have collectively sold US$19m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Sep 22Accelerating Cash Flow Makes Marathon A BuySummary Marathon Oil's unique capital return policy and the recent rally in crude oil prices are expected to drive value for long-term shareholders. The company's focus on share buybacks, rather than supplemental dividends, has resulted in a decline in share count and per share accretion. Marathon Oil's stake in Equatorial Guinea's LNG export hub and its lean operations have further contributed to its resilience and potential for upside. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Sep 18Chairman notifies of intention to sell stockLee Tillman intends to sell 160k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of September. If the sale is conducted around the recent share price of US$27.36, it would amount to US$4.4m. For the year to December 2016, Lee's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Lee's direct individual holding has increased from 312.98k shares to 851.36k. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Sep 03Marathon Oil: Low Dividend Payout Is Not Helping The Long NarrativeSummary Marathon Oil Corporation reported a second-quarter 2023 adjusted net income per share of $0.48, beating analysts' expectations. Marathon Oil is an attractive E&P company with a significant U.S. E&P production, providing solid support for its long-term outlook. The company announced a quarterly dividend of $0.10 per share in 2Q23. I recommend buying MRO between $25.5 and $26, with potential lower support at $25.1. Read the full article on Seeking Alpha
Recent Insider Transactions • Aug 28Executive VP & CFO recently sold US$1.3m worth of stockOn the 23rd of August, Dane Whitehead sold around 50k shares on-market at roughly US$25.76 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dane has been a net seller over the last 12 months, reducing personal holdings by US$4.2m.
Recent Insider Transactions Derivative • Aug 25Executive VP & CFO notifies of intention to sell stockDane Whitehead intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 23rd of August. If the sale is conducted around the recent share price of US$25.76, it would amount to US$1.3m. Since September 2022, Dane's direct individual holding has increased from 51.45k shares to 171.24k. Company insiders have collectively sold US$16m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Aug 19Marathon Oil: Risk Factors In Gas Valuation And Limited Returns (Rating Downgrade)Summary Marathon Oil Corporation is a $16.3 billion market cap gas and oil producer paying a 1.5% dividend. The company is most active in the Eagle Ford and the Bakken and has numerous competitors. It also has operations in Equatorial Guinea. The company's downside risk on gas valuation and its limited cash returns to shareholders make it less attractive to investors than many others in the sector. Read the full article on Seeking Alpha
Upcoming Dividend • Aug 08Upcoming dividend of US$0.10 per share at 1.5% yieldEligible shareholders must have bought the stock before 15 August 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.4%).
Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: US$0.47 (down from US$1.37 in 2Q 2022). Revenue: US$1.49b (down 32% from 2Q 2022). Net income: US$287.0m (down 70% from 2Q 2022). Profit margin: 19% (down from 44% in 2Q 2022). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth.
공시 • Aug 03Marathon Oil Corporation Reaffirms Production Guidance for the Year 2023Marathon Oil Corporation reaffirmed production guidance for the year 2023. The company's originally provided 2023 production guidance ranges remain unchanged with the Company's full year 2023 total Company oil equivalent production trending above the midpoint of guidance. Third quarter total Company oil and oil equivalent production are both expected to be at or above the high end of the annual guidance ranges.
공시 • Jul 27Marathon Oil Corporation Declares Second-Quarter 2023 Dividend, Payable on September 11, 2023Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is payable on September 11, 2023, to stockholders of record on August 16, 2023.
공시 • Jul 12Marathon Oil Corporation to Report Q2, 2023 Results on Aug 02, 2023Marathon Oil Corporation announced that they will report Q2, 2023 results After-Market on Aug 02, 2023
공시 • Feb 16+ 1 more updateMarathon Oil Corporation Provides Production Guidance for the Full Year 2023Marathon Oil Corporation provided production guidance for the full year 2023. For the year, the company expected to deliver maintenance-level total Company oil production of 190,000 net bopd at the midpoint of its 2023 guidance range. Total Company oil-equivalent production is expected to be 395,000 net boed at the midpoint of guidance, inclusive of downtime associated with a planned second quarter E.G. turnaround. Marathon Oil has not assumed any U.S. cash federal income tax payments in its 2023 financial guidance.
공시 • Jan 26Marathon Oil Corporation Declares Fourth Quarter 2022 Dividend, Payable on March 10, 2023Marathon Oil Corporation announced that the Company's board of directors has declared a dividend of 10 cents per share on Marathon Oil Corporation common stock. The dividend is payable on March 10, 2023, to stockholders of record on February 15, 2023.
공시 • Jan 12Marathon Oil Corporation to Report Q4, 2022 Results on Feb 15, 2023Marathon Oil Corporation announced that they will report Q4, 2022 results After-Market on Feb 15, 2023