|Bid||6.41 x 1800|
|Ask||6.43 x 46000|
|Day's Range||6.24 - 6.60|
|52 Week Range||3.02 - 14.07|
|Beta (5Y Monthly)||3.26|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2021 - Feb 15, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 17, 2020|
|1y Target Est||6.73|
The energy sector enjoyed a broad, and in many cases sharp, rally in afternoon trading Monday, as crude oil prices rose to a 3-month high on increasing hopes that a potential COVID-19 vaccine would fuel and economic recovery and spark demand for oil. The SPDR Energy Select Sector exchange-traded fund ran up 5.8%, toward the highest close since Aug. 17, with all 25 of its equity components trading higher. The ETF was biggest gainer of the 11 SPDR sector ETFs tracking the S&P 500's 11 key sectors. The biggest gainers were Occidental Petroleum Corp.'s stock , which soared 15.5%, and Diamondback Energy Inc.'s stock , which shot up 10.8%. Crude oil futures climbed 1.5% to $43.05, toward the highest close since Aug. 26. Among other more-active stocks in the energy ETF, shares of Marathon Oil Corp. hiked up 6.6%, Exxon Mobil Corp. advabced 5.4%, Kinder Morgan Inc. climbed 2.8% and Halliburton Co. hiked up 9.0%. In comparison, the S&P 500 tacked on 0.4%.
The Zacks Analyst Blog Highlights: Devon Energy, Baker Hughes, Diamondback Energy, Marathon Oil and Chevron
On October 1, 2020, Marathon Oil (NYSE: MRO) declared a dividend payable on December 10, 2020 to its shareholders. Marathon Oil also announced that shareholders on the company's books on or before November 18, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Marathon Oil has an ex-dividend date set for for November 17, 2020. The company's current dividend payout is $0.03, which equates to a dividend yield of 2.93% at current price levels.The Significance Of An Ex-Dividend Date An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Understanding Marathon Oil's Dividend Payouts And Yields Over the past year, Marathon Oil has experienced an overall downward trend regarding its dividend payouts and an upward trend regarding its yields. Last year on May 14, 2019 the company's payout was $0.05, which has since decreased by $0.02. Marathon Oil's dividend yield last year was 1.0%, which has since grown by 1.93%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Marathon Oil click here.See more from Benzinga * Click here for options trades from Benzinga * 12 Energy Stocks Moving In Friday's After-Market Session * 12 Energy Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.