Marathon Oil Corp. (MRO) Announces Quarterly Dividend of $0.05

Marathon Oil Corp. (NYSE:MRO) announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Wednesday, August 17th will be given a dividend of 0.05 per share on Monday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.52%.

Marathon Oil Corp. (NYSE:MRO) traded down 4.72% on Wednesday, reaching $13.13. 22,762,683 shares of the company traded hands. The company’s market capitalization is $11.13 billion. Marathon Oil Corp. has a 12 month low of $6.52 and a 12 month high of $21.94. The company has a 50-day moving average price of $14.47 and a 200-day moving average price of $11.75.

Marathon Oil Corp. (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.46) by $0.03. The firm had revenue of $730 million for the quarter, compared to analysts’ expectations of $903.27 million. During the same period last year, the firm earned ($0.37) EPS. The business’s quarterly revenue was down 52.3% on a year-over-year basis. Equities research analysts expect that Marathon Oil Corp. will post ($1.00) EPS for the current year.

Several research firms have recently commented on MRO. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Marathon Oil Corp. in a research report on Saturday, July 9th. Piper Jaffray Cos. raised Marathon Oil Corp. from a “neutral” rating to an “overweight” rating and set a $16.00 target price on the stock in a research report on Tuesday, May 31st. Jefferies Group reissued a “buy” rating and issued a $17.00 target price (up previously from $16.00) on shares of Marathon Oil Corp. in a research report on Monday, July 11th. Zacks Investment Research raised Marathon Oil Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, April 19th. Finally, Bank of America Corp. reissued a “neutral” rating on shares of Marathon Oil Corp. in a research report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. Marathon Oil Corp. has a consensus rating of “Buy” and a consensus price target of $17.65.

Marathon Oil Corporation is an exploration and production company with operations in North America, Europe and Africa. The Company operates through three segments: North America E&P (N.A. E&P), International E&P (Int’l E&P), and Oil Sands Mining (OSM). The N.A. E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.