22.46 -0.03 (-0.13%)
After hours: 6:22PM EDT
|Bid||22.30 x 800|
|Ask||0.00 x 1000|
|Day's Range||22.30 - 22.68|
|52 Week Range||12.97 - 22.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 7, 2018|
|Forward Dividend & Yield||0.20 (0.93%)|
|1y Target Est||24.13|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest moves.
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to discuss the latest market moves, as Hurricane Florence approaches the East coast of the U.S. and Tropical Storm Isaac looms, heading for the Gulf.
From the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Dion Rabouin to discuss the latest market moves.
The stock market was modestly higher Tuesday. Nike will report earnings after the close. Shares are in buy range.
Among the analysts surveyed by Reuters, 59.0% recommend Marathon Oil (MRO) as a “buy,” while 41.0% recommend it as a “hold.” Barclays last initiated coverage on Marathon Oil with an “overweight rating,” which is equivalent to “buy.” Overall, Marathon Oil has seen six rating updates since the beginning of 2018—four new coverage initiations and two upgrades. Marathon Oil’s average target price of $24.1 implies ~12% upside potential from the current price levels.
Boston Partners added a major position in Marathon Oil (MRO) during the second quarter. Boston Partners bought 16.7 million shares of Marathon Oil valued at $348.8 million. Two Sigma Investments added 6.3 million shares.
So far in this series, we have discussed Marathon Oil’s (MRO) market performance, technical indicators, and price forecast. In this part, we’ll analyze Marathon Oil’s current valuation compared to its peers and historical levels.
Rather, stock charts of Apple (NASDAQ:AAPL), Marathon Oil (NYSE:MRO) and BorgWarner (NYSE:BWA) deserve the second, closer looks. Click to Enlarge• Up nearly 35% since its late-April low even with the recent low, Apple shares are still dangerously overbought and ripe for profit-taking.
Marathon Oil’s (MRO) 30-day implied volatility was 33.5% as of September 18—slightly below the 15-day average of 34.6%. Apache (APA) and Continental Resources (CLR) have implied volatilities of 30.7% and 31.6%, respectively. In comparison, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has an implied volatility of 25.6%.
Recently, Marathon Oil (MRO) went above its short-term (50-day) moving average, which indicates bullish sentiment in the company. Marathon Oil was trading 4.5% above its 50-day simple moving average and 15.3% above its 200-day simple moving average as of September 18. In comparison, Apache (APA) and Murphy Oil (MUR) were trading 11.0% and 4.2% above their 200-day simple moving averages, while Concho Resources (CXO) was trading 1.0% below its 200-day simple moving average.
Marathon Oil (MRO) has seen a strong rally in the past month. The company has risen ~15% from its lows of $19 in August. The recent rally in Marathon Oil could be due to the gains in crude oil prices and a slight improvement in the price differentials. Global supply concerns including Iran sanctions and a decline in US inventories continue to drive the positive momentum in crude oil prices. US crude oil went past $71 per barrel on September 19. Overall, WTI has risen ~10.0% from its August lows.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting MRO. Over the last month, growth of ETFs holding MRO is favorable, with net inflows of $15.78 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
The U.S. Environmental Protection Agency (EPA) published new data detailing how it drastically expanded a biofuels waiver program for oil refiners since President Donald Trump's administration took office, responding to pressure from the corn lobby to boost transparency over the opaque program. The details published on the EPA's website on Thursday showed the agency issued exemptions for 29 small refineries for 2017, freeing them from their requirement under the Renewable Fuel Standard to blend biofuels into gasoline and diesel, according to agency data released on Thursday. The data provides the most complete picture of the EPA's expansion of the controversial small refinery waiver program to date.
HOUSTON, Sept. 20, 2018 /PRNewswire/ -- Virginia Tech legend Frank Beamer, the winningest collegiate coach in his NCAA division when he retired in 2015, will receive the 2019 Paul "Bear" Bryant Lifetime Achievement Award from the American Heart Association. Beamer will receive the award presented by Marathon Oil Corporation at the 33rd annual awards dinner Jan. 9, 2019 in Houston. Marathon Oil's President and CEO Lee Tillman said Beamer's contributions across three decades are profound.
While this oil company’s dividend yields more than 3% and it has increased its payout for the past 18 years, it’s far from a household name to income investors.
Less is producing more in the oil fields of South Texas, where technology, automation and new processes are driving costs down, reducing project completion times and boosting production.
Ecopetrol is the IBD Stock Of The Day as the integrated oil and gas company surges into buy range amid rising crude oil prices.
Equatorial Guinea will launch a new oil and gas exploration bidding round early next year and may refuse extensions of existing licences to oil companies unless they collectively invest a minimum of $2 billion (1.6 billion pounds) in the country, the oil minister said on Thursday. Oil minister Gabriel Obiang Lima said the licence extensions, which would be negotiated later in September and October, could impact operations by U.S. oil major ExxonMobil (XOM.N), Kosmos Energy (KOS.N), Marathon Oil (MRO.N) and Noble Energy (NBL.N). "We expect all of them to have an understanding that we do want serious investment in activities and if that is not happening ... some of the extensions they will be asking for will not be handed over," Obiang Lima told Reuters at an African oil and power conference.
Dallas-based Lucid Energy, which was acquired by a group of investors led by a division of Goldman Sachs earlier this year, has struck a deal to process natural gas for a subsidiary of energy giant Marathon Oil.
Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Yes, the Dow Jones Industrial Average crawled higher, and the S&P 500 closed at a new all-time high, but the Nasdaq Composite was the center of action thanks to a shift towards more growth-oriented sectors such as technology, consumer discretionary. The S&P 500 rose 0.6% to 2914.04, while the Dow Jones Industrial Average advanced 60.55 points, or 0.2%, to 26,124.57. The Nasdaq Composite gained 1% to 8109.69.