Marathon Oil Sees Unusually Large Options Volume (MRO)

Marathon Oil Co. (NYSE:MRO) saw some unusual options trading activity on Wednesday. Stock investors purchased 18,069 put options on the company. This is an increase of 1,246% compared to the average volume of 1,342 put options.

NYSE MRO opened at $15.55 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.38 and a debt-to-equity ratio of 0.46. The company has a market cap of $12.58 billion, a P/E ratio of -40.92, a PEG ratio of 2.50 and a beta of 2.22. Marathon Oil has a 1 year low of $12.57 and a 1 year high of $24.20.

Marathon Oil (NYSE:MRO) last posted its quarterly earnings results on Wednesday, February 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.42 billion. Marathon Oil had a net margin of 10.94% and a return on equity of 4.47%. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. Equities analysts expect that Marathon Oil will post 0.7 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 20th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. Marathon Oil’s dividend payout ratio is -52.63%.

Several hedge funds and other institutional investors have recently bought and sold shares of MRO. Bridgeway Capital Management Inc. acquired a new stake in shares of Marathon Oil during the 3rd quarter worth approximately $66,744,000. Janus Henderson Group PLC boosted its position in shares of Marathon Oil by 182.2% during the 3rd quarter. Janus Henderson Group PLC now owns 4,373,712 shares of the oil and gas producer’s stock worth $101,822,000 after acquiring an additional 2,823,849 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Marathon Oil by 50.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 8,272,613 shares of the oil and gas producer’s stock worth $192,586,000 after acquiring an additional 2,759,888 shares in the last quarter. Caymus Capital Partners L.P. acquired a new stake in shares of Marathon Oil during the 3rd quarter worth approximately $60,754,000. Finally, Senator Investment Group LP acquired a new stake in shares of Marathon Oil during the 3rd quarter worth approximately $46,560,000. Institutional investors and hedge funds own 81.02% of the company’s stock.

A number of equities research analysts have recently issued reports on MRO shares. JPMorgan Chase & Co. set a $23.00 target price on shares of Marathon Oil and gave the company a “buy” rating in a report on Friday, December 7th. TheStreet raised shares of Marathon Oil from a “c” rating to a “b-” rating in a report on Wednesday, November 7th. Morgan Stanley dropped their target price on shares of Marathon Oil from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Tuesday, November 20th. Barclays upped their target price on shares of Marathon Oil from $25.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, November 15th. Finally, BMO Capital Markets set a $22.00 price target on shares of Marathon Oil and gave the company a “buy” rating in a research note on Monday, November 12th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.99.

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Marathon Oil Company Profile

Marathon Oil Corporation operates as an energy company in the United States, Equatorial Guinea, the United Kingdom, and Libya. It operates in two segments, United States E&P and International E&P. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol.

Further Reading: Convertible Shares

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