Shares of Marathon Oil Co. (NYSE:MRO) were down 2.7% during trading on Thursday . The stock traded as low as $16.32 and last traded at $15.89. Approximately 8,691,193 shares were traded during trading, a decline of 22% from the average daily volume of 11,198,227 shares. The stock had previously closed at $16.33.

Several analysts recently commented on MRO shares. Scotiabank set a $19.00 price target on Marathon Oil and gave the stock a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research upgraded Marathon Oil from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, November 6th. Jefferies Group boosted their price target on Marathon Oil from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Societe Generale upgraded Marathon Oil from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Seaport Global Securities upgraded Marathon Oil from a “sell” rating to a “buy” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.91.

The stock has a market cap of $13,040.00, a P/E ratio of -6.06, a P/E/G ratio of 3.96 and a beta of 2.34. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Tuesday, February 20th. Marathon Oil’s dividend payout ratio (DPR) is presently -7.81%.

Several institutional investors have recently made changes to their positions in MRO. Alyeska Investment Group L.P. acquired a new position in shares of Marathon Oil in the 3rd quarter valued at $81,114,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Marathon Oil by 10.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 41,191,926 shares of the oil and gas producer’s stock valued at $558,563,000 after purchasing an additional 3,767,268 shares during the last quarter. AXA lifted its stake in shares of Marathon Oil by 735.2% in the 3rd quarter. AXA now owns 2,745,649 shares of the oil and gas producer’s stock valued at $37,231,000 after purchasing an additional 2,416,889 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Marathon Oil by 759.1% in the 3rd quarter. Janus Henderson Group PLC now owns 1,416,384 shares of the oil and gas producer’s stock valued at $19,199,000 after purchasing an additional 1,251,525 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Marathon Oil by 236.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,472,329 shares of the oil and gas producer’s stock valued at $19,965,000 after purchasing an additional 1,034,170 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

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About Marathon Oil

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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