On April 4, 2023 at 11:00:39 ET an unusually large $319.50K block of Call contracts in Marathon Oil (MRO) was sold, with a strike price of $29.00 / share, expiring in 45 days (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.87 sigmas above the mean, placing it in the 96.02 percentile of all recent large trades made in MRO options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 29.57% Upside
As of March 30, 2023, the average one-year price target for Marathon Oil is $34.11. The forecasts range from a low of $24.24 to a high of $50.40. The average price target represents an increase of 29.57% from its latest reported closing price of $26.33.
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The projected annual revenue for Marathon Oil is $8,341MM, an increase of 10.11%. The projected annual non-GAAP EPS is $4.35.
What is the Fund Sentiment?
There are 1585 funds or institutions reporting positions in Marathon Oil. This is an increase of 91 owner(s) or 6.09% in the last quarter. Average portfolio weight of all funds dedicated to MRO is 0.31%, an increase of 18.72%. Total shares owned by institutions decreased in the last three months by 0.10% to 547,188K shares. The put/call ratio of MRO is 0.63, indicating a bullish outlook.
What are Large Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 19,326K shares representing 3.07% ownership of the company. In it’s prior filing, the firm reported owning 20,141K shares, representing a decrease of 4.22%. The firm increased its portfolio allocation in MRO by 6.23% over the last quarter.
XLE – The Energy Select Sector SPDR Fund holds 18,383K shares representing 2.92% ownership of the company. In it’s prior filing, the firm reported owning 19,796K shares, representing a decrease of 7.69%. The firm decreased its portfolio allocation in MRO by 8.37% over the last quarter.
Invesco holds 16,937K shares representing 2.69% ownership of the company. In it’s prior filing, the firm reported owning 17,362K shares, representing a decrease of 2.51%. The firm decreased its portfolio allocation in MRO by 99.99% over the last quarter.
Geode Capital Management holds 14,822K shares representing 2.35% ownership of the company. In it’s prior filing, the firm reported owning 14,401K shares, representing an increase of 2.84%. The firm increased its portfolio allocation in MRO by 14.07% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 14,792K shares representing 2.35% ownership of the company. In it’s prior filing, the firm reported owning 7,784K shares, representing an increase of 47.38%. The firm increased its portfolio allocation in MRO by 109.26% over the last quarter.
Marathon Oil Declares $0.10 Dividend
On January 25, 2023 the company declared a regular quarterly dividend of $0.10 per share ($0.40 annualized). Shareholders of record as of February 15, 2023 received the payment on March 10, 2023. Previously, the company paid $0.09 per share.
At the current share price of $26.33 / share, the stock’s dividend yield is 1.52%. Looking back five years and taking a sample every week, the average dividend yield has been 1.54%, the lowest has been 0.84%, and the highest has been 6.17%. The standard deviation of yields is 0.82 (n=218).
The current dividend yield is 0.02 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.07. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 1.00%, demonstrating that it has increased its dividend over time.
Marathon Oil Background Information
(This description is provided by the company.)
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration. he company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas.
This article originally appeared on Fintel
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