Marathon Oil Corporation Sees Unusually High Options Volume (NYSE:MRO)
Marathon Oil Corporation (NYSE:MRO) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 1,294 call options on the stock. This represents an increase of approximately 127% compared to the typical volume of 569 call options.
MRO has been the subject of a number of recent research reports. Citigroup Inc. raised shares of Marathon Oil Corporation from a “neutral” rating to a “buy” rating and dropped their price target for the company from $19.00 to $15.00 in a research note on Wednesday, July 5th. Scotiabank set a $19.00 price objective on shares of Marathon Oil Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. Vetr cut shares of Marathon Oil Corporation from a “strong-buy” rating to a “buy” rating and set a $14.22 price objective for the company. in a research report on Monday, August 7th. KLR Group reissued 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. Finally, Piper Jaffray Companies set a $20.00 price target on shares of Marathon Oil Corporation and gave the company a “buy” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.06.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MRO. American Century Companies Inc. bought a new stake in Marathon Oil Corporation in the 1st quarter valued at approximately $310,000. UBS Asset Management Americas Inc. lifted its stake in Marathon Oil Corporation by 3.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,397,947 shares of the oil and gas producer’s stock valued at $53,688,000 after acquiring an additional 126,247 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Marathon Oil Corporation by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 16,177 shares of the oil and gas producer’s stock valued at $256,000 after acquiring an additional 517 shares in the last quarter. KBC Group NV raised its stake in shares of Marathon Oil Corporation by 2.2% during the 1st quarter. KBC Group NV now owns 79,950 shares of the oil and gas producer’s stock worth $1,263,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Thomas White International Ltd. bought a new stake in shares of Marathon Oil Corporation during the 1st quarter worth approximately $729,000. Hedge funds and other institutional investors own 80.98% of the company’s stock.
Shares of Marathon Oil Corporation (MRO) traded up 0.95% during mid-day trading on Friday, hitting $13.75. 11,382,952 shares of the stock traded hands. Marathon Oil Corporation has a 12-month low of $10.55 and a 12-month high of $19.28. The firm’s 50 day moving average price is $12.50 and its 200-day moving average price is $13.06. The stock’s market cap is $11.69 billion.
Marathon Oil Corporation (NYSE:MRO) last issued 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 net margin of 140.22% and a negative return on equity of 2.86%. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Marathon Oil Corporation’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts predict that Marathon Oil Corporation will post ($0.44) earnings per share for the current year.
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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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