Marathon Oil Corporation (NYSE:MRO) declared a quarterly dividend on Wednesday, October 25th, RTT News reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.05 per share by the oil and gas producer on Monday, December 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Tuesday, November 14th.
Marathon Oil Corporation has decreased its dividend by an average of 34.8% per year over the last three years. Marathon Oil Corporation has a dividend payout ratio of -50.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Marathon Oil Corporation to earn ($0.22) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -90.9%.
Marathon Oil Corporation (NYSE MRO) opened at $15.62 on Monday. Marathon Oil Corporation has a 12 month low of $10.55 and a 12 month high of $19.28. The company has a current ratio of 2.09, a quick ratio of 2.02 and a debt-to-equity ratio of 0.55.
Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business earned ($0.23) earnings per share. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. equities research analysts expect that Marathon Oil Corporation will post -0.4 earnings per share for the current year.
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A number of research analysts recently commented on MRO shares. Piper Jaffray Companies set a $20.00 price objective on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. Jefferies Group LLC set a $12.00 price target on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Citigroup Inc. decreased their price target on shares of Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, July 21st. Zacks Investment Research lowered shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Barclays PLC lifted their price target on shares of Marathon Oil Corporation from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the stock. Marathon Oil Corporation has a consensus rating of “Hold” and a consensus target price of $17.34.
About Marathon Oil Corporation
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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