Marathon Oil Corporation Target of Unusually Large Options Trading (MRO)
Marathon Oil Corporation (NYSE:MRO) saw unusually large options trading on Monday. Stock investors acquired 1,294 call options on the stock. This is an increase of 127% compared to the average volume of 569 call options.
Several equities research analysts have weighed in on MRO shares. Citigroup Inc. reduced their price objective on Marathon Oil Corporation from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, July 21st. Barclays PLC set a $11.00 price objective on Marathon Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) started coverage on Marathon Oil Corporation in a research note on Wednesday, June 28th. They set a “neutral” rating and a $16.00 price objective on the stock. BidaskClub raised Marathon Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies set a $20.00 price objective on Marathon Oil Corporation and gave the stock a “buy” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have assigned a buy rating to the company. Marathon Oil Corporation presently has an average rating of “Hold” and an average target price of $17.33.
Marathon Oil Corporation (NYSE MRO) opened at 13.90 on Thursday. Marathon Oil Corporation has a 52 week low of $10.55 and a 52 week high of $19.28. The company’s market cap is $11.81 billion. The company has a 50-day moving average price of $11.95 and a 200 day moving average price of $13.12.
Marathon Oil Corporation (NYSE:MRO) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted ($0.23) EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Marathon Oil Corporation will post ($0.46) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.44%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.
A number of institutional investors have recently bought and sold shares of MRO. BlackRock Inc. increased its holdings in Marathon Oil Corporation by 4,827.5% in the 1st quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after purchasing an additional 105,001,815 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Marathon Oil Corporation by 112.6% in the 2nd quarter. Macquarie Group Ltd. now owns 53,832,125 shares of the oil and gas producer’s stock valued at $637,911,000 after purchasing an additional 28,514,387 shares during the last quarter. Vanguard Group Inc. increased its holdings in Marathon Oil Corporation by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 84,869,602 shares of the oil and gas producer’s stock valued at $1,340,940,000 after purchasing an additional 2,870,533 shares during the last quarter. State Street Corp increased its holdings in Marathon Oil Corporation by 2.8% in the 2nd quarter. State Street Corp now owns 50,063,249 shares of the oil and gas producer’s stock valued at $593,258,000 after purchasing an additional 1,350,863 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Marathon Oil Corporation by 39.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,709,387 shares of the oil and gas producer’s stock valued at $55,805,000 after purchasing an additional 1,341,589 shares during the last quarter. Hedge funds and other institutional investors own 80.98% 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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