Marathon Oil Corp. (NYSE:MRO) traded up 2.2% during mid-day trading on Tuesday . The stock traded as high as $15.24 and last traded at $15.23, with a volume of 11,716,972 shares trading hands. The stock had previously closed at $14.90.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Marathon Oil Corp. in a research note on Saturday, July 9th. Bank of America Corp. raised Marathon Oil Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.90 to $21.00 in a research note on Tuesday. Zacks Investment Research lowered Marathon Oil Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Barclays PLC lifted their price target on Marathon Oil Corp. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Finally, Wolfe Research raised Marathon Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.76.

The firm’s market cap is $12.85 billion. The stock’s 50-day moving average is $14.39 and its 200-day moving average is $12.25.

Marathon Oil Corp. (NYSE:MRO) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.20) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.05. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.12 billion. The business’s revenue was down 15.0% compared to the same quarter last year. During the same period last year, the business posted ($0.23) earnings per share. Equities analysts anticipate that Marathon Oil Corp. will post ($0.95) earnings per share for the current fiscal year.

The business 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, August 15th.

Several institutional investors recently modified their holdings of MRO. Principal Financial Group Inc. raised its position in shares of 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 during the period. 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 period. 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 period. 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 period. Finally, American International Group Inc. raised its position in shares of Marathon Oil Corp. by 2.3% in the fourth quarter. American International Group Inc. now owns 419,023 shares of the company’s stock worth $5,276,000 after buying an additional 9,280 shares during the period.

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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