Marathon Oil Corporation (NYSE:MRO) saw some unusual options trading activity on Monday. Investors purchased 1,294 call options on the stock. This represents an increase of 127% compared to the typical volume of 569 call options.

Marathon Oil Corporation (NYSE MRO) opened at 12.20 on Thursday. The company’s 50 day moving average is $11.89 and its 200-day moving average is $14.47. Marathon Oil Corporation has a 12 month low of $11.20 and a 12 month high of $19.28. The company’s market cap is $10.37 billion.

Marathon Oil Corporation (NYSE:MRO) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.10. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts expect that Marathon Oil Corporation will post ($0.40) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.64%. Marathon Oil Corporation’s dividend payout ratio (DPR) is presently -2.55%.

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Marathon Oil Corporation by 4,827.5% in the first quarter. BlackRock Inc. now owns 107,176,902 shares of the oil and gas producer’s stock valued at $1,693,396,000 after buying an additional 105,001,815 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Marathon Oil Corporation by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 3,652,037 shares of the oil and gas producer’s stock valued at $57,689,000 after buying an additional 164,096 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of Marathon Oil Corporation by 29.9% in the first quarter. Engineers Gate Manager LP now owns 114,195 shares of the oil and gas producer’s stock valued at $1,804,000 after buying an additional 26,295 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Marathon Oil Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer’s stock valued at $56,480,000 after buying an additional 171,406 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Marathon Oil Corporation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 733,564 shares of the oil and gas producer’s stock valued at $8,693,000 after buying an additional 1,905 shares during the last quarter. 81.28% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the stock. BMO Capital Markets restated a “hold” rating and set a $17.00 target price on shares of Marathon Oil Corporation in a research report on Thursday, April 13th. Stifel Nicolaus assumed coverage on shares of Marathon Oil Corporation in a research report on Wednesday, April 12th. They set a “hold” rating and a $17.00 target price for the company. Vetr upgraded shares of Marathon Oil Corporation from a “buy” rating to a “strong-buy” rating and set a $18.08 target price for the company in a research report on Friday, April 14th. Barclays PLC restated a “hold” rating and set a $15.00 target price (down from $17.00) on shares of Marathon Oil Corporation in a research report on Thursday, April 20th. Finally, Bank of America Corporation lowered shares of Marathon Oil Corporation from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $22.00 in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company. Marathon Oil Corporation currently has a consensus rating of “Hold” and an average target price of $17.30.

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About Marathon Oil Corporation

Marathon Oil Corporation is an exploration and production (E&P) company. The Company operates through three segments: North America E&P, International E&P and Oil Sands Mining. The North America E&P segment explores for, produces and markets crude oil and condensate, natural gas liquids (NGLs) and natural gas in North America.

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