Marathon Oil Advances Debt Strategy with Senior Notes Offering
TipRanks (Thu, 28-Mar 4:35 PM ET)
Marathon Oil prices offering of $600M of senior notes due 2029 and senior notes due 2034
Seeking Alpha News (Tue, 26-Mar 5:03 PM ET)
PRNewswire (Tue, 26-Mar 5:00 PM ET)
Marathon Oil Corporation Announces Key Officer Promotions
PRNewswire (Thu, 29-Feb 4:30 PM ET)
Marathon Oil Announces 2024 Capital Budget and Reports Fourth Quarter and Full-Year 2023 Results
PRNewswire (Wed, 21-Feb 4:30 PM ET)
Marathon Oil Corporation Declares Fourth Quarter 2023 Dividend
PRNewswire (Wed, 31-Jan 4:30 PM ET)
Marathon Oil Schedules Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call
PRNewswire (Tue, 16-Jan 5:47 PM ET)
Marathon is an independent exploration and production company primarily focusing on unconventional resources in the United States. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 343 thousand barrels of oil equivalent per day in 2022 at a ratio of 70% oil and NGLs and 30% natural gas.
Marathon Oil trades on the NYSE stock market under the symbol MRO.
As of March 28, 2024, MRO stock price climbed to $28.34 with 10,866,594 million shares trading.
MRO has a beta of 0.55, meaning it tends to be less sensitive to market movements. MRO has a correlation of 0.04 to the broad based SPY ETF.
MRO has a market cap of $15.99 billion. This is considered a Large Cap stock.
Last quarter Marathon Oil reported $2 billion in Revenue and $.69 earnings per share. This beat revenue expectation by $36 million and exceeded earnings estimates by $.06.
In the last 3 years, MRO stock traded as high as $33.42 and as low as $9.70.
The top ETF exchange traded funds that MRO belongs to (by Net Assets): VTI, XLE, VOO, COWZ, VO.
MRO stock has underperformed the market in the last year with a return of +25.6%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MRO shares. However, MRO has outperformed the market in the last 3 month and 2 week periods, returning +14.5% and +9.4%, while SPY returned +10.1% and +1.7%, respectively. This indicates MRO has been having a stronger performance recently.
MRO support price is $27.36 and resistance is $28.06 (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 stock will trade within this expected range on the day.