A Reversal for Marathon Oil Corporation Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Marathon Oil Corporation Is Not Near. Professional Options Traders Are Bullish

In today’s session Marathon Oil Corporation (MRO) registered an unusually high (368) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious MRO increase. With 368 contracts traded and 1584 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: MRO170120C00021000 closed last at: $0.28 or 6.7% down. About 13.75 million shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 100.75% since March 1, 2016 and is uptrending. It has outperformed by 91.51% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on November, 2. They expect $-0.14 EPS, up 30.00% or $0.06 from last year’s $-0.2 per share. After $-0.23 actual EPS reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts -39.13% EPS growth.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Out of 21 analysts covering Marathon Oil Corporation (NYSE:MRO), 9 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 43% are positive. $25 is the highest target while $9 is the lowest. The $16.87 average target is 6.17% above today’s ($15.89) stock price. Marathon Oil Corporation has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Argus Research on Friday, December 11. The rating was downgraded by Societe Generale to “Hold” on Friday, September 9. Deutsche Bank maintained it with “Buy” rating and $18 target price in Tuesday, March 29 report. The rating was downgraded by Howard Weil on Monday, December 14 to “Sector Perform”. The firm has “Buy” rating given on Monday, July 11 by Jefferies. The firm earned “Overweight” rating on Tuesday, May 31 by Simmons & Co. The rating was upgraded by Capital One to “Overweight” on Tuesday, June 21. The firm has “Hold” rating given on Sunday, November 8 by Tudor Pickering. The stock has “Overweight” rating given by Barclays Capital on Monday, January 11. The stock of Marathon Oil Corporation (NYSE:MRO) has “Buy” rating given on Wednesday, March 30 by Seaport Global.

Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.29, from 1.38 in 2016Q1. The ratio dropped, as 64 funds sold all Marathon Oil Corporation shares owned while 174 reduced positions. 57 funds bought stakes while 202 increased positions. They now own 670.09 million shares or 0.20% less from 671.42 million shares in 2016Q1.
Intact Invest Mgmt has 25,600 shares for 0.02% of their US portfolio. Benjamin F Edwards & Communications owns 3,252 shares or 0.01% of their US portfolio. Sumitomo Mitsui Asset Mgmt Limited reported 64,061 shares or 0.03% of all its holdings. Smithfield Tru reported 200 shares or 0% of all its holdings. Mraz Amerine Associate has invested 0.24% of its portfolio in Marathon Oil Corporation (NYSE:MRO). The Michigan-based State Treasurer State Of Michigan has invested 0.03% in Marathon Oil Corporation (NYSE:MRO). James Invest has 0% invested in the company for 23 shares. Denver Investment Advsr holds 0.01% or 11,133 shares in its portfolio. Northpointe Cap Ltd holds 0.25% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 141,750 shares. Glenmede Trust Na last reported 432,071 shares in the company. First Citizens National Bank accumulated 0.02% or 14,263 shares. Washington Commercial Bank accumulated 0.01% or 2,000 shares. Lenox Wealth last reported 839 shares in the company. Schneider Cap Mgmt last reported 947,641 shares in the company. Carlson Cap Limited Partnership has invested 0.28% of its portfolio in Marathon Oil Corporation (NYSE:MRO).

Marathon Oil Corporation is an exploration and production firm with activities in North America, Europe and Africa. The company has a market cap of $13.39 billion. The Firm operates through three divisions: North America E&P , International E&P (Int’l E&P), and Oil Sands Mining (OSM).

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