On Tuesday, Shares of Marathon Oil Corporation (NYSE: MRO) showed the bullish trend with a higher momentum of 0.26% to $17.31. The company traded total volume of 2,845,836 shares as contrast to its average volume of 11.90M shares. The company has a market value of $14.29B and about 828.00M shares outstanding.
Marathon Oil Corp. (MRO) stated fourth-quarter net income of $390.0M, after reporting a loss in the same period a year earlier. On a per-share basis, the Houston-based company said it had net income of 47 cents. Earnings, adjusted for non-recurring gains, came to 15 cents per share. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The energy company posted revenue of $1.77B in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.44B.
For the year, the company stated net income of $1.10B, or $1.30 per share, swinging to a profit in the period. Revenue was stated as $6.58B.
The Company offered net profit margin of 17.50% while its gross profit margin was 86.60%. ROE was recorded as 9.10% while beta factor was 2.27. The stock, as of recent close, has shown the weekly upbeat performance of 0.76% which was maintained at 20.36% in this year.
