Marathon Oil Target of Unusually High Options Trading (MRO)
Marathon Oil (NYSE:MRO) saw some unusual options trading activity on Thursday. Stock investors purchased 19,314 put options on the company, Stock Ratings News reports. This is an increase of 621% compared to the typical volume of 2,678 put options.
MRO has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Marathon Oil in a research note on Thursday, August 7th. They now have a $41.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of Marathon Oil from $55.00 to $51.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Marathon Oil in a research note on Wednesday, August 6th. They now have a $50.00 price target on the stock, up previously from $45.00. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Marathon Oil presently has a consensus rating of “Buy” and an average price target of $45.33.
Marathon Oil (NYSE:MRO) traded down 0.38% during mid-day trading on Thursday, hitting $39.00. 6,960,153 shares of the company’s stock traded hands. Marathon Oil has a 52 week low of $31.57 and a 52 week high of $40.74. The stock’s 50-day moving average is $39.5 and its 200-day moving average is $36.37. The company has a market cap of $26.305 billion and a price-to-earnings ratio of 10.38.
Marathon Oil (NYSE:MRO) last announced its earnings results on Monday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.13. On average, analysts predict that Marathon Oil will post $3.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Monday, August 18th. This is an increase from Marathon Oil’s previous quarterly dividend of $0.19.
Marathon Oil Corporation (NYSE:MRO) is an international energy company engaged in exploration and production, oil sands mining and integrated gas with operations in the United States, Angola, Canada, Equatorial Guinea.
Receive News & Ratings for Marathon Oil Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Oil Co and related companies with Analyst Ratings Network's FREE daily email newsletter.