Marathon Oil Target of Unusually Large Options Trading (MRO)

Marathon Oil Corporation (NYSE:MRO) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 1,294 call options on the stock. This represents an increase of approximately 127% compared to the average volume of 569 call options.

Several research analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating and issued a $12.00 price objective on shares of Marathon Oil in a research note on Friday, October 6th. Vetr lowered shares of Marathon Oil from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a research note on Monday, August 7th. KLR Group reiterated a “buy” rating and issued a $23.00 target price (up from $21.00) on shares of Marathon Oil in a research note on Wednesday, August 9th. BidaskClub lowered shares of Marathon Oil from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $18.00 target price on shares of Marathon Oil in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.90.

Hedge funds have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. lifted its position in shares of Marathon Oil 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 purchasing an additional 1,905 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Marathon Oil by 39.8% during 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 buying an additional 1,341,589 shares during the last quarter. Buckingham Asset Management LLC acquired a new position in Marathon Oil during the second quarter worth $173,000. Dupont Capital Management Corp acquired a new position in Marathon Oil during the second quarter worth $122,000. Finally, Airain ltd increased its holdings in Marathon Oil 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 buying an additional 74,586 shares during the last quarter. 80.65% of the stock is currently owned by institutional investors and hedge funds.

Shares of Marathon Oil (NYSE MRO) traded down $0.02 during trading hours on Tuesday, hitting $14.88. 14,078,698 shares of the stock traded hands, compared to its average volume of 13,432,225. Marathon Oil has a 12 month low of $10.55 and a 12 month high of $19.28. The company has a quick ratio of 2.02, a current ratio of 2.09 and a debt-to-equity ratio of 0.55.

Marathon Oil (NYSE:MRO) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. Marathon Oil 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 firm earned ($0.23) EPS. Marathon Oil’s quarterly revenue was up 26.5% compared to the same quarter last year. equities research analysts forecast that Marathon Oil will post -0.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Tuesday, November 14th. Marathon Oil’s dividend payout ratio is presently -7.81%.

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Marathon Oil 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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