Marathon Oil Co. (NYSE:MRO) shares were down 2.8% during trading on Monday . The company traded as low as $19.88 and last traded at $20.54. Approximately 9,134,421 shares traded hands during trading, a decline of 12% from the average daily volume of 10,338,928 shares. The stock had previously closed at $19.99.

A number of research analysts have commented on MRO shares. JPMorgan Chase & Co. upgraded Marathon Oil from a “neutral” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Monday, March 26th. ValuEngine upgraded Marathon Oil from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 22nd. BMO Capital Markets restated a “hold” rating and set a $20.00 price target on shares of Marathon Oil in a research note on Tuesday, February 27th. Stifel Nicolaus set a $19.00 price target on Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Finally, Royal Bank of Canada set a $21.00 price objective on Marathon Oil and gave the company a “hold” rating in a research note on Friday, April 13th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.45.

The company has a quick ratio of 1.46, a current ratio of 1.52 and a debt-to-equity ratio of 0.46. The company has a market cap of $17.06 billion, a price-to-earnings ratio of -53.50, a price-to-earnings-growth ratio of 1.64 and a beta of 2.33.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. Marathon Oil had a negative return on equity of 0.50% and a negative net margin of 7.56%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned ($0.07) earnings per share. Marathon Oil’s quarterly revenue was up 61.7% on a year-over-year basis. research analysts forecast that Marathon Oil Co. will post 0.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, May 15th. Marathon Oil’s dividend payout ratio is presently -52.63%.

In other Marathon Oil news, insider Lee M. Tillman sold 400,000 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $21.65, for a total value of $8,660,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its stake in Marathon Oil by 0.8% in the fourth quarter. California State Teachers Retirement System now owns 1,506,305 shares of the oil and gas producer’s stock valued at $25,502,000 after buying an additional 12,600 shares in the last quarter. Norinchukin Bank The grew its holdings in shares of Marathon Oil by 14.6% during the first quarter. Norinchukin Bank The now owns 77,856 shares of the oil and gas producer’s stock worth $1,256,000 after purchasing an additional 9,923 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Marathon Oil by 6.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 2,703,803 shares of the oil and gas producer’s stock worth $45,775,000 after purchasing an additional 161,462 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Marathon Oil by 49.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 32,910 shares of the oil and gas producer’s stock worth $557,000 after purchasing an additional 10,950 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Marathon Oil by 13.4% during the fourth quarter. LPL Financial LLC now owns 85,711 shares of the oil and gas producer’s stock worth $1,451,000 after purchasing an additional 10,141 shares during the last quarter. Institutional investors own 78.95% of the company’s stock.

About Marathon Oil

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

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