Shares of Marathon Oil Co. (NYSE:MRO) gapped up before the market opened on Tuesday . The stock had previously closed at $14.26, but opened at $14.17. Marathon Oil shares last traded at $13.40, with a volume of 10,058,178 shares changing hands.

A number of research firms have weighed in on MRO. Wells Fargo & Co reduced their target price on Marathon Oil from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Evercore ISI set a $21.00 target price on Marathon Oil and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine raised Marathon Oil from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. TheStreet lowered Marathon Oil from a “b-” rating to a “c+” rating in a report on Wednesday, July 10th. Finally, Capital One Financial raised Marathon Oil from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.06.

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.09 and a quick ratio of 1.06. The company has a market cap of $10.21 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.30 and a beta of 2.27. The company has a fifty day moving average price of $12.59 and a 200 day moving average price of $14.73.

Marathon Oil (NYSE:MRO) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.12. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.36 billion. Marathon Oil had a return on equity of 6.32% and a net margin of 16.15%. Marathon Oil’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. As a group, sell-side analysts predict that Marathon Oil Co. will post 0.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a $0.05 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 annualized dividend and a yield of 1.53%. Marathon Oil’s payout ratio is currently 28.17%.

A number of hedge funds have recently made changes to their positions in MRO. BlackRock Inc. lifted its position in Marathon Oil by 16.0% in the second quarter. BlackRock Inc. now owns 82,640,427 shares of the oil and gas producer’s stock valued at $1,174,320,000 after purchasing an additional 11,401,401 shares during the last quarter. Invesco Ltd. lifted its position in Marathon Oil by 12.0% in the second quarter. Invesco Ltd. now owns 50,605,844 shares of the oil and gas producer’s stock valued at $719,110,000 after purchasing an additional 5,420,834 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Marathon Oil by 259.0% in the second quarter. Nuveen Asset Management LLC now owns 5,977,564 shares of the oil and gas producer’s stock valued at $84,941,000 after purchasing an additional 4,312,323 shares during the last quarter. Marshall Wace North America L.P. lifted its position in Marathon Oil by 1,221.0% in the first quarter. Marshall Wace North America L.P. now owns 3,660,636 shares of the oil and gas producer’s stock valued at $61,170,000 after purchasing an additional 3,383,518 shares during the last quarter. Finally, Caymus Capital Partners L.P. lifted its position in Marathon Oil by 136.2% in the second quarter. Caymus Capital Partners L.P. now owns 3,425,108 shares of the oil and gas producer’s stock valued at $48,671,000 after purchasing an additional 1,975,025 shares during the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.

About Marathon Oil (NYSE:MRO)

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 and International. 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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