Marathon Oil Corporation Target of Unusually High Options Trading (MRO)
Marathon Oil Corporation (NYSE:MRO) was the target of some unusual options trading activity on Wednesday. Stock traders bought 1,294 call options on the stock. This represents an increase of 127% compared to the typical daily volume of 569 call options.
Marathon Oil Corporation (NYSE:MRO) opened at $15.58 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.06 and a current ratio of 2.12.
Marathon Oil Corporation (NYSE:MRO) last issued its quarterly earnings data 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 net margin of 148.07% and a negative return on equity of 2.89%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.23) EPS. sell-side analysts forecast that Marathon Oil Corporation will post -0.44 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 issued a $0.05 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.40%.
Several equities analysts recently commented on the stock. Scotiabank set a $19.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Wednesday, October 4th. Stifel Nicolaus set a $10.00 price target on shares of Marathon Oil Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research note on Friday, August 25th. BidaskClub upgraded shares of Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Stephens started coverage on shares of Marathon Oil Corporation in a research note on Wednesday, July 12th. They issued an “equal weight” rating and a $14.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Marathon Oil Corporation currently has a consensus rating of “Hold” and an average target price of $17.31.
A number of hedge funds and other institutional investors have recently modified their holdings of MRO. Teachers Advisors LLC raised its holdings in Marathon Oil Corporation by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 1,393,822 shares of the oil and gas producer’s stock valued at $22,022,000 after buying an additional 47,805 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in Marathon Oil Corporation by 8.7% in the 1st quarter. United Capital Financial Advisers LLC now owns 10,994 shares of the oil and gas producer’s stock valued at $174,000 after buying an additional 884 shares during the last quarter. AQR Capital Management LLC raised its holdings in Marathon Oil Corporation by 79.1% in the 1st quarter. AQR Capital Management LLC now owns 292,536 shares of the oil and gas producer’s stock valued at $4,622,000 after buying an additional 129,187 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Marathon Oil Corporation in the 1st quarter valued at approximately $4,740,000. Finally, Xact Kapitalforvaltning AB raised its holdings in Marathon Oil Corporation by 9.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 68,966 shares of the oil and gas producer’s stock valued at $817,000 after buying an additional 6,132 shares during the last quarter. Institutional investors and hedge funds 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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