Is Buying Marathon Oil Corporation Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Marathon Oil Corporation Here a Winning Strategy? Option Traders Like The Stock

In today’s session Marathon Oil Corporation (MRO) registered an unusually high (2,370) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious MRO increase. With 2,370 contracts traded and 12394 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: MRO161216C00015000 closed last at: $0.48 or 15.8% down. About 6.93 million shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 25.17% since March 30, 2016 and is uptrending. It has outperformed by 22.15% 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. As per Tuesday, January 12, the company rating was downgraded by Morgan Stanley. Tudor Pickering downgraded the stock to “Hold” rating in Friday, November 6 report. Barclays Capital maintained Marathon Oil Corporation (NYSE:MRO) rating on Thursday, July 14. Barclays Capital has “Overweight” rating and $14 price target. The company was downgraded on Monday, August 24 by Bank of America. Howard Weil downgraded Marathon Oil Corporation (NYSE:MRO) on Monday, December 14 to “Sector Perform” rating. The rating was maintained by Barclays Capital on Thursday, September 1 with “Overweight”. Morgan Stanley upgraded the shares of MRO in a report on Tuesday, June 21 to “Equal-Weight” rating. The firm has “Underweight” rating given on Wednesday, December 9 by JP Morgan. Atlantic Securities downgraded Marathon Oil Corporation (NYSE:MRO) on Wednesday, January 27 to “Neutral” rating. The firm has “Outperform” rating by Oppenheimer given on Monday, August 10.

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 dived, 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.
Glg Limited Liability has 0.05% invested in the company for 44,129 shares. Raymond James And owns 442,635 shares or 0.02% of their US portfolio. Osborne Prtn Ltd accumulated 18,400 shares or 0.04% of the stock. The Arizona-based Tci Wealth Advisors Incorporated has invested 0.01% in Marathon Oil Corporation (NYSE:MRO). Css Ltd Liability Corporation Il has invested 0.05% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Daiwa Securities Grp, a Japan-based fund reported 19,000 shares. Cubist Systematic Strategies Ltd Liability Com holds 0.02% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 22,127 shares. Louisiana State Employees Retirement last reported 55,600 shares in the company. Financial Gru accumulated 0.23% or 198,000 shares. Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 20,000 shares. Commerzbank Aktiengesellschaft Fi last reported 0.01% of its portfolio in the stock. Engineers Gate Manager Ltd Partnership owns 178,166 shares or 0.19% of their US portfolio. Deprince Race Zollo accumulated 0.86% or 2.81 million shares. Franklin Res Inc owns 39.16M shares or 0.32% of their US portfolio. Profund Advisors Limited Liability Com owns 65,646 shares or 0.05% of their US portfolio.

Marathon Oil Corporation is an exploration and production firm with activities in North America, Europe and Africa. The company has a market cap of $10.64 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 news for Marathon Oil Corporation (NYSE:MRO) were recently published by: Seekingalpha.com, which released: “Is Marathon Oil Corporation Stock A Buy?” on October 10, 2016. Bizjournals.com‘s article titled: “Marathon Oil sells another $235M in assets” and published on October 03, 2016 is yet another important article.

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