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Marathon Oil Corp. (NYSE:MRO) announced a quarterly dividend on Wednesday, January 29th, ARN reports. Shareholders of record on Wednesday, February 19th will be paid a dividend of 0.19 per share on Monday, March 10th. This represents a $0.76 annualized dividend and a dividend yield of 2.28%.

MRO has been the subject of a number of recent research reports. Analysts at Howard Weil downgraded shares of Marathon Oil Corp. from a “focus list” rating to a “sector outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $44.00 price target on the stock. On the ratings front, analysts at Iberia Capital initiated coverage on shares of Marathon Oil Corp. in a research note to investors on Tuesday, December 31st. They set a “sector perform” rating and a $38.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil Corp. in a research note to investors on Friday, December 27th. They now have a $37.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.06.

Shares of Marathon Oil Corp. (NYSE:MRO) traded down 0.15% on Wednesday, hitting $33.31. 2,723,452 shares of the company’s stock traded hands. Marathon Oil Corp. has a 52-week low of $29.47 and a 52-week high of $38.18. The stock’s 50-day moving average is $34.71 and its 200-day moving average is $35.41. The company has a market cap of $23.205 billion and a P/E ratio of 13.96.

Marathon Oil Corp. (NYSE:MRO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.17. The company had revenue of $26.27 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, analysts predict that Marathon Oil Corp. will post $3.04 earnings per share for the current fiscal year.

Marathon Oil Corporation (NYSE:MRO) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea.

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