|Bid||4.7900 x 28000|
|Ask||4.8400 x 38800|
|Day's Range||4.6500 - 4.8700|
|52 Week Range||3.0200 - 14.0700|
|Beta (5Y Monthly)||3.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 04, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 18, 2020|
|1y Target Est||7.52|
Energy stocks enjoyed a broad rally Wednesday, with the sector posting the biggest gains among the S&P 500 11 key sectors, as oil prices jumped following data showing a drop in supply and as Hurricane Sally curtailed production. Chevron Corp.'s stock rallied 3.1% to be among the Dow Jones Industrial Average's top gainers, but was just the SPDR Energy Select Sector ETF's 24th-best performer. The energy ETF climbed 4.1% in afternoon trading, with all 26 components gaining ground. Among's the ETF's most-active members, shares of Occidental Petroleum Corp. jumped 9.3%, Marathon Oil Corp. hiked up 6.0%, Exxon Mobil Corp. rose 3.8%, Halliburton Co. advanced 4.9% and Schlumberger Ltd. shot up 5.1%. Meanwhile, crude oil futures climbed 4.5%.
Marathon Oil Corporation (NYSE:MRO) announced today that it has commenced a cash tender offer for up to an aggregate principal amount of $500,000,000 (the "Aggregate Maximum Tender Amount") of its outstanding $1,000,000,000 aggregate principal amount of 2.800% Senior Notes due 2022 (the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (as the same may be amended or supplemented, the "Offer to Purchase"). The tender offer is referred to herein as the "Offer."
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...