|Bid||17.08 x 900|
|Ask||17.09 x 4000|
|Day's Range||16.92 - 17.33|
|52 Week Range||12.57 - 24.20|
|Beta (3Y Monthly)||2.07|
|PE Ratio (TTM)||13.26|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||0.20 (1.20%)|
|1y Target Est||21.27|
Marathon Oil Corp NYSE:MROView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for MRO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MRO. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding MRO is favorable, with net inflows of $13.66 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. MRO credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
With low breakeven levels, these oil companies are on track to produce a gusher of free cash if crude stays around its current level.
Murphy Oil's (MUR) subsidiary enters into an agreement to sell Malaysian assets. It intends to utilize the proceeds to develop domestic oil assets, strengthen its balance sheet and buy back shares.
The Zacks Analyst Blog Highlights: Energy Transfer, Phillips 66, Marathon, Hess and Marathon Oil.
Although it spent most of the day in the black, when push came to shove at the end of the day, the S&P 500 ended Wednesday in the red. It was the second straight day of modest losses, but underscored by rising bearish volume.Bank of America (NYSE:BAC) set the tone, if not the pace, falling 3.4% largely thanks to news that the Federal Reserve was dialing back its plans to raise interest rates this year. Lower interest rates general translate into modest bank profits. Rivals Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) booked oversized losses too, however.At the other end of the spectrum, Netflix (NASDAQ:NFLX) jumped 4.6% on bullish comments from RBC analyst Mark Mahaney. Mahaney cites, among other things, continued positive perceptions from its customers and the fact that new competition underscores the further legitimization of the alternative to traditional cable television.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those tickers make for particularly great trading today, however. Rather, it's the stock charts of Marathon Oil (NYSE:MRO), Freeport-McMoRan (NYSE:FCX) and 3M (NYSE:MMM) of the most interest. Here's why. 3M (NYSE:MMM)It's not over the final hump just yet, but 3M stock is knocking on that door. And, it's doing so with the most bullish of backdrops. * 5 Cloud Stocks to Help Your Portfolio Fly If MMM can muster one more big thrust, it could set off a chain reaction of buying that may well reclaim much of what was lost in 2018. Click to Enlarge • The "final hump" is $211.80, where 3M stock peaked in December and again in February. It peeled back from the February effort, but is moving back within striking distance.• As of today, the purple 50-day moving average line is above the white 200-day moving average line. This so-called "golden cross" generally portends more bullishness.• It was the February setback and rebound that got the breakout effort renewed in perfect form. The gray 100-day and the 50-day moving average lines both acted as the support they needed to be … something neither had done in some time. Freeport-McMoRan (FCX)Back on Feb. 20, Freeport-McMoRan was highlighted as a breakout candidate. Shares had then-recently pushed through a couple of technical resistance levels, and were acting as if they were ready and willing to keep trucking.They didn't. After hitting their 200-day line that very day, the profit-takers came out of the woodwork. The bigger-picture bullish effort has been renewed though, exactly where and how it needed to. The next dance with the 200-day moving average line, plotted in white on both stock charts, could prove a bullish catalyst. Click to Enlarge • The reversal back into a bullish trend took shape right at the purple 50-day moving average line. This is precisely where one would want to see the bulls take a stand.• Although the volume is still below average, notice that the selling volume was waning on the way down, while the bullish volume has been building on the way up this week.• The white 200-day moving average line near $13.40 is still likely to act as resistance, but if it yields to the uptrend, there's little left that stands in the way. The next line in the sand is around $14.50, which lines up with the major peaks hit in the first half of last year. Marathon Oil (MRO)Finally, Marathon Oil is at an inflection point. Most oil and energy names are, prodded by rising oil and gas prices in an environment that suggests the slow uptrend is built to last. More than most other tickers from the energy sector though, MRO is well-positioned for a sizeable move higher. Click to Enlarge • The inflection point is $17.90, plotted with a white line on the daily chart. That level was a floor in October, but became a ceiling in November.• Like many other stocks, MRO is pushing up and off of support offered by the purple 50-day moving average line early this month.• Zooming out to the weekly chart of Marathon, we find that the December low is also a push up and off the same support line that has guided shares higher since 2016's bottom. Assuming the upper boundary of the range remains in play, MRO could rally back to at least $24 before hitting its ultimate resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post 3 Big Stock Charts for Thursday: Freeport-McMoRan, 3M and Marathon Oil appeared first on InvestorPlace.
The retired CEO of Houston-based Marathon Oil Corp. (NYSE: MRO) plans to leave Enbridge's board of directors this year. Clarance Cazalot, who was also on Houston-based Spectra Energy Inc.’s board until Enbridge Inc. (NYSE: ENB) bought it in 2017, will not stand for reelection to his position on the Enbridge board in May, according to a filing published by the Securities and Exchange Commission on March 12. Cazalot has been on Enbridge’s board since the Spectra acquisition in February 2017, but other personal and professional demands on his time have led him not to seek re-election at the company’s annual meeting of shareholders, according to the SEC filing.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Oil companies drilling in shale basins like the Bakken have cut back on spending to increase return to shareholders as oil prices are pressured, but investors are punishing the stocks anyway, since it is leading to lower production-growth forecasts.
Instead of buying up smaller players in the crowded Permian Basin of West Texas and New Mexico, the explorer is opting to gobble up cheap acreage in overlooked areas like the Louisiana Austin Chalk, Chief Executive Officer Lee Tillman said in an interview at the CERAWeek by IHS Markit conference in Houston.
Crude prices have entered a new bull market, which sets up low-cost oil producers to generate a gusher of cash flow this year.
The Norwegian government's proposal to exclude oil and gas explorers and producers from its trillion-dollar sovereign wealth fund will affect 1.2 percent of the fund's equity holdings, the fund said on Friday. "According to the FTSE's definition, the fund held exploration and production companies with an approximately value of 66 billion kroner ($7.50 billion) by the end of 2018," it said in a statement.
Food and Drug Administration Commissioner Scott Gottlieb called out Walgreens Boots Alliance Inc.'s pharmacy stores as the "top violator" among pharmacies illegally selling tobacco products to minors, and has sent a letter to management requesting a meeting. Gottlieb said in all, 15 national retail chains have been identified with "disturbingly high rates of violations," including Dow Jones Industrial Average components Exxon Mobil Corp. , Chevron Corp. and Walmart Inc. ,as well as Kroger Co. , Marathon Oil Corp. , Sunoco L.P. and Casey's General Stores Inc. . "Companies should be on notice that the FDA is considering additional enforcement avenues to address high rates of violations," Gottlieb said in a statement. He said the FDA has also sent letter to more than 40 companies seeking information about more than 50 products, including e-cigarette products, that are being illegally marketed, citing concerns that these companies are attempting to capitalize on the "troubling popularity" of Juul Labs Inc.'s e-cigarettes. In December, Altria Group Inc. announced a $12.8 billion equity investment in Juul.
HOUSTON , Feb. 28, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that Jason Few and Kent Wells have been elected to the Company's board of directors, effective April 1, 2019 ...
RockRose signs an agreement to acquire 100 percent of Marathon Oil U.K. and Marathon Oil West of Shetland Limited from subsidiaries of Marathon Oil Corporation.
A potentially explosive "private dinner" between President Donald Trump and Federal Reserve Chairman Jerome "Jay" Powell shook the markets earlier this month, which have consistently been rattled by their clashes over Fed policy. Coming so soon on the heels of rapid changes to those policies, there is growing concern in the marketplace about the Fed's […]