MRO Stock Summary and Trading Ideas (Marathon Oil | NYSE:MRO)

Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2023, the company reported net proved reserves of 1.1 billion barrels of oil equivalent. Net production averaged 405 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 70% oil and NGLs and 30% natural gas.

Marathon Oil trades on the NYSE stock market under the symbol MRO.

As of December 12, 2024, MRO stock price was flat at $28.55 with million shares trading.

MRO has a beta of 0.36, meaning it tends to be less sensitive to market movements. MRO has a correlation of 0.02 to the broad based SPY ETF.

MRO has a market cap of $15.97 billion. This is considered a Large Cap stock.

Last quarter Marathon Oil reported $2 billion in Revenue and $.64 earnings per share. This beat revenue expectation by $71 million and exceeded earnings estimates by $.01.

In the last 3 years, MRO traded as high as $33.42 and as low as $14.29.

The top ETF exchange traded funds that MRO belongs to (by Net Assets): VTI, VOO, VO, VTV, VDE.

MRO has underperformed the market in the last year with a price return of +20.5% while the SPY ETF gained +32.9%. However, in the short term, MRO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.7% vs +9.8% return in SPY. But in the last 2 weeks, MRO shares have been beat by the market, returning 0.0% compared to an SPY return of +1.3%.

MRO support price is $28.33 and resistance is $28.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MRO shares will trade within this expected range on the day.