Marathon Oil Corporation (NYSE:MRO) shares reached a new 52-week low on Wednesday . The company traded as low as $11.13 and last traded at $11.17, with a volume of 7,669,599 shares trading hands. The stock had previously closed at $11.53.

MRO has been the topic of a number of analyst reports. Royal Bank Of Canada set a $20.00 target price on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research note on Friday, June 2nd. Citigroup Inc. upgraded shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Wednesday, July 5th. ValuEngine cut shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Stephens initiated coverage on shares of Marathon Oil Corporation in a research note on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 target price on the stock. Finally, BidaskClub cut shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company. Marathon Oil Corporation currently has a consensus rating of “Hold” and a consensus target price of $17.30.

The company’s market cap is $9.51 billion. The company has a 50-day moving average price of $11.92 and a 200 day moving average price of $14.15.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.10. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.23) EPS. Analysts anticipate that Marathon Oil Corporation will post ($0.47) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of Marathon Oil Corporation during the first quarter worth $103,000. Integrated Investment Consultants LLC boosted its position in shares of Marathon Oil Corporation by 33.8% in the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after buying an additional 2,287 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Marathon Oil Corporation during the second quarter worth $122,000. JFS Wealth Advisors LLC boosted its position in shares of Marathon Oil Corporation by 27.6% in the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 2,693 shares during the period. Finally, IBM Retirement Fund acquired a new position in shares of Marathon Oil Corporation during the second quarter worth $149,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

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About Marathon Oil Corporation

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.

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