Is Selling Marathon Oil Corporation Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Marathon Oil Corporation Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Marathon Oil Corporation (MRO) recorded an unusually high (6,001) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious MRO decrease. With 6,001 contracts traded and 226814 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: MRO170120P00011000 closed last at: $0.25 or 19% up. About 13.12M shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 15.56% since April 13, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.

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 firm earned “Equal-Weight” rating on Tuesday, June 21 by Morgan Stanley. Barclays Capital maintained the stock with “Overweight” rating in Thursday, July 14 report. As per Friday, December 11, the company rating was downgraded by Argus Research. Bank of America upgraded the shares of MRO in a report on Tuesday, August 16 to “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 8. The rating was upgraded by Barclays Capital on Monday, January 11 to “Overweight”. Barclays Capital downgraded the stock to “Equal Weight” rating in Monday, October 17 report. The rating was downgraded by Seaport Global on Tuesday, August 30 to “Neutral”. The firm has “Outperform” rating given on Monday, August 10 by Oppenheimer. The stock has “Underweight” rating given by JP Morgan on Wednesday, December 9.

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 Q2 2016. 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.
Guggenheim Cap Ltd Liability Corporation, a Illinois-based fund reported 3.40 million shares. Compton Mngmt Inc Ri accumulated 10,215 shares or 0.09% of the stock. Berkshire Asset Mngmt Pa accumulated 0.12% or 50,472 shares. Winch Advisory Service Limited Company reported 268 shares or 0% of all its holdings. Winslow Evans Crocker Inc accumulated 0% or 3,250 shares. The Alabama-based Regions Financial has invested 0.01% in Marathon Oil Corporation (NYSE:MRO). Commonwealth Financial Services Limited Co has 0% invested in the company for 50 shares. Victory Management has invested 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Bp Public Lc accumulated 108,000 shares or 0.06% of the stock. Parkside Bancorp & Trust, a Missouri-based fund reported 113 shares. Davidson Investment owns 166,286 shares or 0.42% of their US portfolio. Wfg Advsr Limited Partnership holds 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO) for 864 shares. Panagora Asset Management Incorporated last reported 0.04% of its portfolio in the stock. Dai Ichi Life Ins Ltd holds 14,809 shares or 0.01% of its portfolio. Btc Cap Mngmt has 20,714 shares for 0.07% 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 $13.27 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: Fool.com, which released: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” on November 03, 2016. Seekingalpha.com‘s article titled: “Favorable Updates For Marathon Oil On The Horizon” and published on November 02, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment