5 Best Low-Priced Dividend Stocks to Buy

4. Marathon Oil Corporation (NYSE:MRO)

Share Price as of January 23: $28.2
P/E Ratio as of January 23: 5.39

Marathon Oil Corporation (NYSE:MRO) is another best low-priced dividend stock on our list. The company specializes in energy-related operations with a special focus on the exploration of hydrocarbons. The stock has a share price of $28.2 with a price-to-earnings ratio of 5.39, as of January 23.

In the third quarter of 2022, Marathon Oil Corporation (NYSE:MRO) reported revenue of $2.25 billion, which showed a 55.2% growth from the same period last year. The company returned over $1.1 billion to shareholders in dividends, including $54 million in dividends. Moreover, it returned 61% of its CFO to shareholders through the first three quarters.

Marathon Oil Corporation (NYSE:MRO) currently pays a quarterly dividend of $0.09 per share for a dividend yield of 1.28%. The company holds a six-year streak of consistent dividend growth.

Evercore ISI resumed its coverage on Marathon Oil Corporation (NYSE:MRO) in January with an Outperform rating and a $35 price target. The firm appreciated the company’s cash returns and asset clarity.

At the end of Q3 2022, 50 hedge funds tracked by Insider Monkey presented a bullish stance on Marathon Oil Corporation (NYSE:MRO), up from 41 funds in the previous quarter. The stakes owned by these hedge funds have a total value of over $1 billion.

Carillon Tower Advisers mentioned Marathon Oil Corporation (NYSE:MRO) in its Q1 2022 investor letter. Here is what the firm has to say:

“Stock selection contributed the most while sector allocation was also positive. An underweight to communication services and an overweight to energy helped performance, while an underweight to consumer staples and an overweight to materials detracted. Stock selection was strong within healthcare and materials but was weak within information technology and industrials. Marathon Oil (NYSE:MRO) increased its quarterly dividend and executed an impressive share buyback that blew by the target it originally announced.”