Time to Sell Marathon Oil Corporation After Today’s Option Traders Bearish Bets?

 Time to Sell Marathon Oil Corporation After Today's Option Traders Bearish Bets?

In today’s session Marathon Oil Corporation (MRO) recorded an unusually high (4,788) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious MRO decrease. With 4,788 contracts traded and 2164 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: MRO161216P00016500 closed last at: $0.8 or 12.1% down. About 1.99M shares traded hands. Marathon Oil Corporation (NYSE:MRO) has risen 17.02% since April 22, 2016 and is uptrending. It has outperformed by 11.61% the S&P500.

Analysts await Marathon Oil Corporation (NYSE:MRO) to report earnings on February, 15. They expect $-0.13 EPS, up 72.92% or $0.35 from last year’s $-0.48 per share. After $-0.11 actual EPS reported by Marathon Oil Corporation for the previous quarter, Wall Street now forecasts 18.18% negative EPS growth.

Marathon Oil Corporation (NYSE:MRO) Ratings Coverage

Out of 22 analysts covering Marathon Oil Corporation (NYSE:MRO), 8 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 36% are positive. Marathon Oil Corporation has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Marathon Oil Corporation (NYSE:MRO) has “Overweight” rating given on Friday, October 30 by Atlantic Securities. The firm has “Overweight” rating by Barclays Capital given on Thursday, July 14. The stock of Marathon Oil Corporation (NYSE:MRO) earned “Hold” rating by BMO Capital Markets on Saturday, September 5. The rating was downgraded by Oppenheimer to “Outperform” on Monday, August 10. The company was upgraded on Tuesday, June 21 by Capital One. As per Friday, July 8, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Tudor Pickering given on Sunday, November 8. On Friday, November 18 the stock rating was initiated by Susquehanna with “Neutral”. The firm earned “Buy” rating on Tuesday, August 16 by Bank of America. The company was initiated on Tuesday, June 7 by KLR Group.

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 increased to 1.19 in Q2 2016. Its up 0.10, from 1.09 in 2016Q1. The ratio is positive, 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.
Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.04% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Wg Shaheen Assoc Dba Whitney Com has 17,101 shares for 0.1% of their US portfolio. Jacobs Levy Equity Management Inc reported 2.02M shares or 0.63% of all its holdings. Signaturefd Limited Co, a Georgia-based fund reported 753 shares. Ubs Asset Management Americas has 0.05% invested in the company for 3.07M shares. Apg Asset Management Nv holds 0.01% or 338,028 shares in its portfolio. Waddell & Reed Fincl holds 0.08% or 2.59 million shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.06% or 84,921 shares in its portfolio. Moreover, Kcg Holdings Inc has 0.06% invested in Marathon Oil Corporation (NYSE:MRO) for 184,176 shares. Westwood Gru Inc Inc, a Texas-based fund reported 17,424 shares. Exane Derivatives has invested 0% of its portfolio in Marathon Oil Corporation (NYSE:MRO). Argent owns 17,199 shares or 0.08% of their US portfolio. Whittier Tru Com Of Nevada Inc last reported 2,315 shares in the company. The Georgia-based Voya has invested 0.05% in Marathon Oil Corporation (NYSE:MRO). Rs Management Co last reported 11,278 shares in the company.

Marathon Oil Corporation is an exploration and production firm with activities in North America, Europe and Africa. The company has a market cap of $14.10 billion. The Firm operates through three divisions: North America E&P segment, which explores for, produces and markets crude oil and condensate, natural gas liquids 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 Equatorial Guinea, 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. It currently has negative earnings.

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.

Another recent and important Marathon Oil Corporation (NYSE:MRO) news was published by Fool.com which published an article titled: “Marathon Oil Corporation Stock Jumps on Strong Earnings and Outlook” on November 03, 2016.

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