Marathon Oil Corporation Target of Unusually Large Options Trading (MRO)

Marathon Oil Corporation (NYSE:MRO) was the target of some unusual options trading on Wednesday. Traders acquired 336 put options on the stock. This represents an increase of approximately 102% compared to the average volume of 166 put options.

Marathon Oil Corporation (MRO) opened at $15.58 on Monday. Marathon Oil Corporation has a fifty-two week low of $10.55 and a fifty-two week high of $19.28. The company has a current ratio of 2.12, a quick ratio of 2.06 and a debt-to-equity ratio of 0.54.

Marathon Oil Corporation (NYSE:MRO) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.04 billion. Marathon Oil Corporation had a negative return on equity of 2.89% and a negative net margin of 148.07%. The business’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) earnings per share. equities research analysts anticipate that Marathon Oil Corporation will post -0.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 annualized dividend and a yield of 1.28%. Marathon Oil Corporation’s payout ratio is -2.40%.

MRO has been the topic of several research analyst reports. Citigroup Inc. dropped their price target on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Morgan Stanley set a $15.00 price target on Marathon Oil Corporation and gave the company a “hold” rating in a research note on Wednesday, October 18th. Barclays PLC set a $11.00 price objective on Marathon Oil Corporation and gave the company a “hold” rating in a report on Friday, August 4th. BMO Capital Markets set a $17.00 price objective on Marathon Oil Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Jefferies Group LLC boosted their price objective on Marathon Oil Corporation from $14.00 to $16.50 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.31.

Institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. grew its position in Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock worth $8,693,000 after acquiring an additional 1,905 shares during the period. JPMorgan Chase & Co. grew its position in Marathon Oil Corporation by 39.8% in the second quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock worth $55,805,000 after acquiring an additional 1,341,589 shares during the period. Buckingham Asset Management LLC purchased a new position in Marathon Oil Corporation in the second quarter worth approximately $173,000. Dupont Capital Management Corp acquired a new position in Marathon Oil Corporation during the second quarter worth $122,000. Finally, Airain ltd lifted its stake in Marathon Oil Corporation by 16.0% during the second quarter. Airain ltd now owns 541,861 shares of the oil and gas producer’s stock worth $6,421,000 after purchasing an additional 74,586 shares in the last quarter. Institutional investors own 81.08% of the company’s stock.

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Marathon Oil Corporation Company Profile

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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