Stock Traders Purchase High Volume of Put Options on Marathon Oil Corporation (MRO)
Marathon Oil Corporation (NYSE:MRO) was the recipient of some unusual options trading on Wednesday. Stock traders bought 336 put options on the company. This represents an increase of 102% compared to the typical daily volume of 166 put options.
A number of research analysts recently commented on the company. Jefferies Group LLC upped 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. Barclays PLC set a $11.00 target price on Marathon Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 4th. Societe Generale raised Marathon Oil Corporation from a “hold” rating to a “buy” rating in a research report on Thursday. Vetr lowered Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price on the stock. in a research report on Monday, August 7th. Finally, BidaskClub lowered Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.31.
Shares of Marathon Oil Corporation (NYSE:MRO) opened at $15.58 on Friday. 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 announced its earnings results 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 Corporation had a negative net margin of 148.07% and a negative return on equity of 2.89%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was up 26.5% compared to the same quarter last year. equities research analysts anticipate that Marathon Oil Corporation will post -0.44 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.05 per share. 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 dividend payout ratio is currently -2.40%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC raised its holdings in Marathon Oil Corporation by 33.8% during the second quarter. Integrated Investment Consultants LLC now owns 9,054 shares of the oil and gas producer’s stock worth $107,000 after purchasing an additional 2,287 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Marathon Oil Corporation during the second quarter worth about $122,000. JFS Wealth Advisors LLC raised its holdings in Marathon Oil Corporation by 27.6% during the second quarter. JFS Wealth Advisors LLC now owns 12,453 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 2,693 shares in the last quarter. IBM Retirement Fund purchased a new position in Marathon Oil Corporation in the second quarter valued at about $149,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Marathon Oil Corporation in the second quarter valued at about $150,000. 81.08% of the stock is owned by hedge funds and other institutional investors.
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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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