Marathon Oil Sees Unusually High Options Volume (NYSE:MRO)

Marathon Oil Co. (NYSE:MRO) saw some unusual options trading on Thursday. Stock traders bought 13,724 put options on the stock. This is an increase of 1,074% compared to the typical daily volume of 1,169 put options.

Shares of Marathon Oil stock traded up $0.28 on Friday, hitting $13.66. 9,222,483 shares of the company traded hands, compared to its average volume of 8,606,391. The company has a market cap of $11.17 billion, a P/E ratio of 19.24, a PEG ratio of 2.42 and a beta of 2.24. Marathon Oil has a 12-month low of $12.57 and a 12-month high of $24.20. The stock’s 50-day moving average is $13.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.45 and a current ratio of 1.49.

Marathon Oil (NYSE:MRO) last released its quarterly earnings results on Wednesday, May 1st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.24. Marathon Oil had a net margin of 15.12% and a return on equity of 5.80%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The business’s quarterly revenue was down 30.9% compared to the same quarter last year. Equities analysts expect that Marathon Oil will post 0.72 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in MRO. Victory Capital Management Inc. increased its position in Marathon Oil by 19.1% during the fourth quarter. Victory Capital Management Inc. now owns 189,880 shares of the oil and gas producer’s stock worth $2,723,000 after buying an additional 30,509 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Marathon Oil during the fourth quarter worth $181,000. Comerica Bank increased its position in Marathon Oil by 25.7% during the fourth quarter. Comerica Bank now owns 233,075 shares of the oil and gas producer’s stock worth $3,708,000 after buying an additional 47,653 shares in the last quarter. Piedmont Investment Advisors Inc. increased its position in Marathon Oil by 39.2% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 12,362 shares of the oil and gas producer’s stock worth $177,000 after buying an additional 3,484 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its position in Marathon Oil by 14.2% during the fourth quarter. Level Four Advisory Services LLC now owns 13,281 shares of the oil and gas producer’s stock worth $190,000 after buying an additional 1,656 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. Seaport Global Securities reaffirmed a “buy” rating on shares of W&T Offshore in a research report on Friday, June 21st. TheStreet lowered Upland Software from a “b-” rating to a “c+” rating in a research report on Wednesday, July 10th. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Capital One Financial raised Cimarex Energy from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Marathon Oil currently has a consensus rating of “Buy” and a consensus price target of $22.45.

About Marathon Oil

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 and International. 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.

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