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.
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.
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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