Traders bought shares of Marathon Oil Co. (NYSE:MRO) on weakness during trading on Friday. $101.99 million flowed into the stock on the tick-up and $24.85 million flowed out of the stock on the tick-down, for a money net flow of $77.14 million into the stock. Of all stocks tracked, Marathon Oil had the 30th highest net in-flow for the day. Marathon Oil traded down ($0.11) for the day and closed at $15.01

Several equities research analysts have recently commented on MRO shares. Piper Jaffray Companies set a $20.00 price target on Marathon Oil and gave the stock a “buy” rating in a research note on Friday, August 25th. Jefferies Group set a $12.00 price target on Marathon Oil and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Zacks Investment Research raised Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, November 6th. Barclays boosted their price target on Marathon Oil from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 11th. Finally, Citigroup lowered Marathon Oil from a “buy” rating to a “neutral” rating and set a $14.00 price target on the stock. in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.56.

The company has a debt-to-equity ratio of 0.55, a current ratio of 2.09 and a quick ratio of 2.02.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil had a negative return on equity of 3.02% and a negative net margin of 148.07%. Marathon Oil’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) EPS. research analysts expect that Marathon Oil Co. will post -0.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Wednesday, November 15th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.33%. Marathon Oil’s dividend payout ratio (DPR) is presently -2.40%.

A number of institutional investors and hedge funds have recently modified their holdings of MRO. Janney Montgomery Scott LLC raised its holdings in Marathon Oil by 98.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 31,803 shares of the oil and gas producer’s stock valued at $377,000 after acquiring an additional 15,751 shares during the last quarter. Global X Management Co. LLC raised its holdings in Marathon Oil by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 14,430 shares of the oil and gas producer’s stock valued at $171,000 after acquiring an additional 1,846 shares during the last quarter. Arizona State Retirement System raised its holdings in Marathon Oil by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 210,814 shares of the oil and gas producer’s stock valued at $2,498,000 after acquiring an additional 1,100 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Marathon Oil in the 2nd quarter valued at $122,000. Finally, Deprince Race & Zollo Inc. raised its holdings in Marathon Oil by 42.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 126,360 shares of the oil and gas producer’s stock valued at $1,497,000 after acquiring an additional 37,850 shares during the last quarter. Institutional investors own 80.65% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Investors Buy Marathon Oil (MRO) on Weakness” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/investors-buy-marathon-oil-mro-on-weakness/1769362.html.

Marathon Oil Company Profile

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

Receive News & Ratings for Marathon Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil and related companies with MarketBeat.com's FREE daily email newsletter.