Traders Purchase High Volume of Call Options on Marathon Oil Corporation (MRO)

Marathon Oil Corporation (NYSE:MRO) was the target of unusually large options trading on Wednesday. Traders acquired 1,294 call options on the company. This is an increase of 127% compared to the typical daily volume of 569 call options.

Several analysts have recently commented on the company. Scotiabank set a $19.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research note on Monday, November 13th. Citigroup Inc. lowered Marathon Oil Corporation from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Thursday, November 9th. Zacks Investment Research lowered Marathon Oil Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 target price on shares of Marathon Oil Corporation in a report on Tuesday, November 7th. Finally, Jefferies Group LLC upped their target price on Marathon Oil Corporation from $14.00 to $16.50 and gave the company a “buy” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. Marathon Oil Corporation presently has an average rating of “Hold” and a consensus target price of $17.34.

Several institutional investors have recently modified their holdings of the stock. GeoSphere Capital Management purchased a new position in Marathon Oil Corporation in the third quarter valued at $484,000. California Public Employees Retirement System grew its position in shares of Marathon Oil Corporation by 3.9% in the third quarter. California Public Employees Retirement System now owns 2,368,770 shares of the oil and gas producer’s stock valued at $32,121,000 after purchasing an additional 88,235 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of Marathon Oil Corporation in the third quarter valued at about $159,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Marathon Oil Corporation by 20.1% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 115,932 shares of the oil and gas producer’s stock valued at $1,574,000 after purchasing an additional 19,404 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Marathon Oil Corporation by 759.1% in the third quarter. Janus Henderson Group PLC now owns 1,416,384 shares of the oil and gas producer’s stock valued at $19,199,000 after purchasing an additional 1,251,525 shares during the period. 79.45% of the stock is owned by hedge funds and other institutional investors.

Marathon Oil Corporation (NYSE MRO) opened at $15.05 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.02 and a current ratio of 2.09. Marathon Oil Corporation has a one year low of $10.55 and a one year high of $19.28.

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, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.04 billion. Marathon Oil Corporation had a negative net margin of 148.07% and a negative return on equity of 3.02%. Marathon Oil Corporation’s revenue was up 26.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.23) earnings per share. equities analysts forecast that Marathon Oil Corporation will post -0.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders 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 dividend yield of 1.33%. Marathon Oil Corporation’s dividend payout ratio is currently -7.81%.

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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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