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

A number of equities research analysts recently commented on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Marathon Oil Corp. in a research report on Saturday, July 9th. Piper Jaffray Cos. raised Marathon Oil Corp. from a “neutral” rating to an “overweight” rating and set a $16.00 target price for the company in a research report on Tuesday, May 31st. Jefferies Group reaffirmed a “buy” rating and set a $17.00 target price (up from $16.00) on shares of Marathon Oil Corp. in a research report on Monday, July 11th. Zacks Investment Research raised Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, April 19th. Finally, Bank of America Corp. reaffirmed a “neutral” rating on shares of Marathon Oil Corp. in a research report on Tuesday, April 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Marathon Oil Corp. currently has an average rating of “Buy” and a consensus price target of $17.65.

The company has a 50-day moving average price of $14.36 and a 200 day moving average price of $11.90. The company’s market cap is $11.13 billion.

Marathon Oil Corp. (NYSE:MRO) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.03. During the same period last year, the company earned ($0.37) EPS. The business earned $730 million during the quarter, compared to the consensus estimate of $903.27 million. The business’s revenue was down 52.3% on a year-over-year basis. Equities analysts predict that Marathon Oil Corp. will post ($1.00) earnings per share for the current fiscal year.

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

Several institutional investors have added to or reduced their stakes in MRO. BP PLC acquired a new position in Marathon Oil Corp. during the fourth quarter worth $1,006,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in shares of Marathon Oil Corp. by 6.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 89,949 shares of the company’s stock worth $1,132,000 after buying an additional 5,791 shares during the last quarter. Andra AP fonden raised its position in shares of Marathon Oil Corp. by 8.6% in the fourth quarter. Andra AP fonden now owns 181,800 shares of the company’s stock worth $2,289,000 after buying an additional 14,400 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Marathon Oil Corp. by 43.2% in the fourth quarter. Suntrust Banks Inc. now owns 209,973 shares of the company’s stock worth $2,642,000 after buying an additional 63,389 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of 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 during 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.

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