Marathon Oil Corporation Sees Unusually High Options Volume (NYSE:MRO)

Marathon Oil Corporation (NYSE:MRO) was the target of unusually large options trading activity on Monday. Traders acquired 336 put options on the company. This is an increase of 102% compared to the typical daily volume of 166 put options.

Shares of Marathon Oil Corporation (NYSE MRO) opened at 12.20 on Thursday. Marathon Oil Corporation has a 1-year low of $11.20 and a 1-year high of $19.28. The company has a 50 day moving average of $11.88 and a 200 day moving average of $14.35. The company’s market cap is $10.37 billion.

Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company posted ($0.23) earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Marathon Oil Corporation will post ($0.40) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is currently -2.55%.

Several equities analysts have commented on MRO shares. Royal Bank Of Canada set a $20.00 target price on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $19.00 to $15.00 in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Marathon Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Stephens started coverage on shares of Marathon Oil Corporation in a research report on Wednesday, July 12th. They set an “equal weight” rating and a $14.00 target price on the stock. Finally, BidaskClub downgraded shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.30.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Marathon Oil Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock valued at $57,689,000 after buying an additional 164,096 shares during the period. Engineers Gate Manager LP boosted its position in shares of Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock valued at $1,804,000 after buying an additional 26,295 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Marathon Oil Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer’s stock valued at $56,480,000 after buying an additional 171,406 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Marathon Oil Corporation 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 valued at $8,693,000 after buying an additional 1,905 shares during the period. Hedge funds and other institutional investors own 81.28% 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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