Marathon Oil Corp. (NYSE:MRO)’s share price traded down 4.8% on Monday . The stock traded as low as $12.90 and last traded at $12.98, with a volume of 12,334,823 shares traded. The stock had previously closed at $13.64.

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “hold” rating on shares of Marathon Oil Corp. in a research note on Saturday, July 9th. Citigroup Inc. restated a “hold” rating and issued a $16.00 price objective (up from $14.00) on shares of Marathon Oil Corp. in a research report on Tuesday, June 21st. Wolfe Research upgraded shares of Marathon Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 27th. Bank of America Corp. assumed coverage on shares of Marathon Oil Corp. in a research report on Tuesday, June 21st. They issued a “hold” rating for the company. Finally, Piper Jaffray Cos. upgraded shares of Marathon Oil Corp. from a “neutral” rating to an “overweight” rating and set a $16.00 price objective for the company in a research report on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $17.65.

The company’s market cap is $10.95 billion. The stock’s 50-day moving average price is $14.37 and its 200 day moving average price is $11.87.

Marathon Oil Corp. (NYSE:MRO) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.03. The company had revenue of $730 million for the quarter, compared to analysts’ expectations of $903.27 million. During the same period last year, the business earned ($0.37) earnings per share. The company’s quarterly revenue was down 52.3% compared to the same quarter last year. On average, analysts predict that Marathon Oil Corp. will post ($1.00) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.55%.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Marathon Oil Corp. by 23.0% in the fourth quarter. Vanguard Group Inc. now owns 60,551,171 shares of the company’s stock worth $762,339,000 after buying an additional 11,331,989 shares in the last quarter. Morgan Stanley increased its position in Marathon Oil Corp. by 5.7% in the fourth quarter. Morgan Stanley now owns 4,011,638 shares of the company’s stock worth $50,506,000 after buying an additional 215,921 shares in the last quarter. Principal Financial Group Inc. increased its position in Marathon Oil Corp. by 5.4% in the fourth quarter. Principal Financial Group Inc. now owns 999,820 shares of the company’s stock worth $12,587,000 after buying an additional 51,475 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in Marathon Oil Corp. by 3.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 327,216 shares of the company’s stock worth $6,047,000 after buying an additional 9,861 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in Marathon Oil Corp. by 2.2% in the fourth quarter. State of Tennessee Treasury Department now owns 276,070 shares of the company’s stock worth $3,475,000 after buying an additional 5,924 shares in the last quarter.

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.