Marathon Oil Co. (NYSE:MRO) declared a quarterly dividend on Tuesday, January 30th, RTT News reports. Investors of record on Wednesday, February 21st will be paid a dividend of 0.05 per share by the oil and gas producer on Monday, March 12th. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 20th.

Marathon Oil has decreased its dividend by an average of 37.0% annually over the last three years. Marathon Oil has a payout ratio of -64.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Marathon Oil to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 64.5%.

Marathon Oil (MRO) opened at $16.95 on Thursday. Marathon Oil has a 1-year low of $10.55 and a 1-year high of $19.52. The stock has a market cap of $13,654.09, a PE ratio of -2.04, a P/E/G ratio of 4.06 and a beta of 2.35. 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 (NYSE:MRO) last announced its quarterly earnings results on Wednesday, February 14th. The oil and gas producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.05. Marathon Oil had a negative net margin of 148.07% and a negative return on equity of 3.02%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted ($0.10) EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. equities analysts predict that Marathon Oil will post -0.32 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on MRO shares. Jefferies Group reaffirmed a “hold” rating and issued a $19.80 target price on shares of Marathon Oil in a research note on Friday, January 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 target price on shares of Marathon Oil in a research note on Tuesday, November 7th. Barclays boosted their target price on shares of Marathon Oil from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, November 20th. JPMorgan Chase & Co. set a $20.00 target price on shares of Marathon Oil and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Finally, Atlantic Securities raised shares of Marathon Oil from a “neutral” rating to an “overweight” rating in a research note on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. Marathon Oil currently has a consensus rating of “Hold” and a consensus target price of $17.91.

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About Marathon Oil

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.

Dividend History for Marathon Oil (NYSE:MRO)

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