Investors Buy Large Volume of Marathon Oil Corporation Put Options (MRO)
Marathon Oil Corporation (NYSE:MRO) was the recipient of unusually large options trading activity on Monday. Investors acquired 336 put options on the stock. This is an increase of approximately 102% compared to the typical volume of 166 put options.
Shares of Marathon Oil Corporation (NYSE MRO) opened at 11.02 on Thursday. The firm’s market cap is $9.37 billion. Marathon Oil Corporation has a 1-year low of $10.55 and a 1-year high of $19.28. The stock has a 50 day moving average of $11.79 and a 200-day moving average of $13.91.
Marathon Oil Corporation (NYSE:MRO) last announced its quarterly earnings data 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 return on equity of 2.86% and a negative net margin of 140.22%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned ($0.23) earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts anticipate that Marathon Oil Corporation will post ($0.44) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.81%. The ex-dividend date is Monday, August 14th. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.
Large investors have recently bought and sold shares of the stock. Sentry Investment Management LLC boosted its stake in Marathon Oil Corporation by 1.1% in the second quarter. Sentry Investment Management LLC now owns 66,441 shares of the oil and gas producer’s stock worth $787,000 after buying an additional 702 shares during the last quarter. Toronto Dominion Bank boosted its stake in Marathon Oil Corporation by 95.9% in the second quarter. Toronto Dominion Bank now owns 465,155 shares of the oil and gas producer’s stock worth $5,510,000 after buying an additional 227,714 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Marathon Oil Corporation during the second quarter worth about $403,000. Proxima Capital Management LLC bought a new stake in Marathon Oil Corporation during the second quarter worth about $4,088,000. Finally, 1st Global Advisors Inc. boosted its stake in Marathon Oil Corporation by 3.3% in the second quarter. 1st Global Advisors Inc. now owns 52,744 shares of the oil and gas producer’s stock worth $625,000 after buying an additional 1,686 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of Marathon Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. KLR Group reaffirmed a “buy” rating and issued a $23.00 price target (up previously from $21.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 price target (up previously from $13.00) on shares of Marathon Oil Corporation in a research report on Wednesday, August 9th. Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price target for the company. in a research report on Monday, August 7th. Finally, Barclays PLC set a $11.00 price target on shares of Marathon Oil Corporation and gave the stock a “hold” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Marathon Oil Corporation currently has an average rating of “Hold” and a consensus target price of $17.30.
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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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