Marathon Oil Co. (NYSE:MRO) shares were down 5.7% during mid-day trading on Friday . The stock traded as low as $16.56 and last traded at $16.68. Approximately 16,319,473 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 12,129,378 shares. The stock had previously closed at $17.69.

Several research analysts have recently issued reports on MRO shares. JPMorgan Chase & Co. set a $23.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Friday, December 7th. MKM Partners started coverage on Marathon Oil in a research note on Wednesday, December 5th. They issued a “buy” rating and a $26.00 price objective for the company. Barclays set a $23.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Wednesday, January 16th. Raymond James set a $24.00 price objective on Marathon Oil and gave the company a “buy” rating in a research note on Sunday, December 30th. Finally, Citigroup raised Marathon Oil from a “neutral” rating to a “buy” rating in a research note on Friday, December 21st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.91.

The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 3.64 and a beta of 2.26. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45.

Marathon Oil (NYSE:MRO) last released its earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.42 billion. Marathon Oil had a net margin of 16.65% and a return on equity of 4.97%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. Equities research analysts anticipate that Marathon Oil Co. will post 0.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, February 19th. Marathon Oil’s dividend payout ratio is presently 28.17%.

Large investors have recently added to or reduced their stakes in the business. Legacy Financial Advisors Inc. bought a new position in shares of Marathon Oil during the 4th quarter worth approximately $25,000. Executive Wealth Management LLC bought a new position in shares of Marathon Oil during the 4th quarter worth approximately $27,000. JNBA Financial Advisors bought a new position in shares of Marathon Oil during the 4th quarter worth approximately $29,000. We Are One Seven LLC bought a new position in shares of Marathon Oil during the 4th quarter worth approximately $42,000. Finally, Pinnacle Bank bought a new position in shares of Marathon Oil during the 4th quarter worth approximately $42,000. 80.60% of the stock is owned by institutional investors and hedge funds.

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About Marathon Oil (NYSE:MRO)

Marathon Oil Corp. engages in the exploration, production, and marketing of liquid hydrocarbons and natural gas. It operates through the following two segments: United States (U. S.) and International. The U. S. segment engages in oil and gas exploration, development and production activities in the U.S.

Further Reading: Fundamental Analysis

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