Marathon Oil Corporation Sees Unusually High Options Volume (MRO)

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

Shares of Marathon Oil Corporation (MRO) opened at $14.84 on Wednesday. Marathon Oil Corporation has a twelve month low of $10.55 and a twelve 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 Corporation (NYSE:MRO) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.06. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.23) earnings per share. analysts forecast that Marathon Oil Corporation will post -0.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.40%.

A number of equities research analysts have recently issued reports on MRO shares. reiterated a “buy” rating and set a $23.00 price objective (up previously from $21.00) on shares of Marathon Oil Corporation in a research note on Wednesday, August 9th. restated a “hold” rating and set a $18.00 price objective on shares of Marathon Oil Corporation in a research report on Tuesday, November 7th. reissued a “buy” rating and issued a $19.00 price target on shares of Marathon Oil Corporation in a research note on Thursday, August 3rd. cut Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 target price for the company. in a research note on Monday, August 7th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $14.00 target price (up from $13.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.34.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of Marathon Oil Corporation by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 1,393,822 shares of the oil and gas producer’s stock worth $22,022,000 after purchasing an additional 47,805 shares in the last quarter. United Capital Financial Advisers LLC lifted its holdings in shares of Marathon Oil Corporation by 8.7% in the first quarter. United Capital Financial Advisers LLC now owns 10,994 shares of the oil and gas producer’s stock valued at $174,000 after purchasing an additional 884 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Marathon Oil Corporation by 79.1% in the first quarter. AQR Capital Management LLC now owns 292,536 shares of the oil and gas producer’s stock valued at $4,622,000 after purchasing an additional 129,187 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Marathon Oil Corporation during the first quarter worth $4,740,000. Finally, Xact Kapitalforvaltning AB grew its position in shares of Marathon Oil Corporation by 9.8% in the second quarter. Xact Kapitalforvaltning AB now owns 68,966 shares of the oil and gas producer’s stock valued at $817,000 after purchasing an additional 6,132 shares in the last quarter. Institutional investors and hedge funds own 79.45% of the company’s stock.

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About Marathon Oil Corporation

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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