In today’s session Marathon Oil Corporation (MRO) registered an unusually high (5,131) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MRO increase. With 5,131 contracts traded and 31324 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MRO161118C00016000 closed last at: $0.39 or 17% down. About 5.51M shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 25.38% since March 15, 2016 and is uptrending. It has outperformed by 19.89% 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), 8 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 38% are positive. Marathon Oil Corporation has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Monday, September 14 with “Neutral”. The stock has “Overweight” rating given by Barclays Capital on Monday, January 11. The firm has “Neutral” rating by Credit Suisse given on Monday, September 12. The firm has “Outperform” rating by Oppenheimer given on Monday, August 10. As per Wednesday, January 27, the company rating was downgraded by Atlantic Securities. As per Monday, December 14, the company rating was downgraded by Howard Weil. The firm has “Overweight” rating by Barclays Capital given on Thursday, September 1. The rating was maintained by Jefferies on Monday, July 11 with “Buy”. On Tuesday, May 31 the stock rating was upgraded by Simmons & Co to “Overweight”. Deutsche Bank maintained the shares of MRO in a report on Tuesday, March 29 with “Buy” rating.
According to Zacks Investment Research, “Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions – Africa, Middle East, Europe and North America. As of year-end 2014, Marathon had approximately 2.2 billion oil-equivalent barrels (BBOE) in proved reserves (80% liquids and 67% developed). The company’s business is organized into three segments – North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. In July 2011, Marathon completed the spin-off of its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (Ticker: MPC).”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.29, from 1.38 in 2016Q1. The ratio fall, 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.
Kbc Grp Inc Nv, a Belgium-based fund reported 59,398 shares. British Columbia Inv Management has 382,468 shares for 0.05% of their US portfolio. Schroder Invest Management Grp has 4.19 million shares for 0.13% of their US portfolio. The Illinois-based Department Mb National Bank N A has invested 0.14% in Marathon Oil Corporation (NYSE:MRO). Meiji Yasuda Asset Mgmt Co Limited last reported 0.05% of its portfolio in the stock. Norinchukin Bank The, a Japan-based fund reported 44,460 shares. The Illinois-based Css Lc Il has invested 0.05% in Marathon Oil Corporation (NYSE:MRO). Amica Pension Fund Board Of Trustees owns 245,209 shares or 0.48% of their US portfolio. Cullinan has 0.03% invested in the company for 25,050 shares. Comml Bank Of New York Mellon has 7.80 million shares for 0.04% of their US portfolio. Columbia Asset Mngmt accumulated 12,788 shares or 0.07% of the stock. Moreover, Smithfield Comm has 0% invested in Marathon Oil Corporation (NYSE:MRO) for 200 shares. Commonwealth Savings Bank Of Australia holds 0.06% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 345,299 shares. Millennium Mgmt Ltd owns 6.06 million shares or 0.21% of their US portfolio. Moreover, New Mexico Educational Retirement Board has 0.07% invested in Marathon Oil Corporation (NYSE:MRO) for 98,771 shares.
Marathon Oil Corporation is an exploration and production firm with activities in North America, Europe and Africa. The company has a market cap of $11.65 billion. The Firm operates through three divisions: North America E&P , International E&P (Int’l E&P), and Oil Sands Mining (OSM).
MRO Company Profile
Marathon Oil Corporation, incorporated on May 30, 2001, is an exploration and production firm with activities in North America, Europe and Africa. The Firm operates through three divisions: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America; International E&P segment , which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America, and produces and markets products manufactured from natural gas, such as liquefied natural gas (LNG) and methanol, in Egypt, and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.
More notable recent Marathon Oil Corporation (NYSE:MRO) news were published by: Seekingalpha.com which released: “Is Marathon Oil Corporation Stock A Buy?” on October 10, 2016, also Bizjournals.com with their article: “Marathon Oil sells another $235M in assets” published on October 03, 2016, Seekingalpha.com published: “Marathon Oil Comes Clean In Eagle Ford Update” on September 28, 2016. More interesting news about Marathon Oil Corporation (NYSE:MRO) were released by: Seekingalpha.com and their article: “Will Marathon Oil Become A Takeover Target?” published on September 28, 2016 as well as Moodys.com‘s news article titled: “Moody’s changes Marathon’s outlook to stable” with publication date: October 11, 2016.
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