MRO - Marathon Oil Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
13.11
-0.07 (-0.53%)
At close: 3:59PM EDT

13.10 -0.01 (-0.08%)
After hours: 4:01PM EDT

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Previous Close13.18
Open13.00
Bid13.16 x 4000
Ask13.17 x 3200
Day's Range12.94 - 13.18
52 Week Range11.39 - 24.20
Volume6,825,944
Avg. Volume11,166,604
Market Cap10.541B
Beta (3Y Monthly)2.08
PE Ratio (TTM)11.14
EPS (TTM)1.18
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & Yield0.20 (1.52%)
Ex-Dividend Date2019-08-20
1y Target Est19.21
Trade prices are not sourced from all markets
  • Upstream Energy Stocks Decline as Crude Oil Price Falls 6%
    Zacks

    Upstream Energy Stocks Decline as Crude Oil Price Falls 6%

    Explorers and producers will be less inclined to increase oil production following the renewed slump in the commodity's price.

  • GuruFocus.com

    US Market Jumps on Tuesday, Oil Prices Tumble

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  • Stock Market News For Sep 17, 2019
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    Stock Market News For Sep 17, 2019

    Benchmarks closed in the negative territory on Monday after oil prices soar due to attack on Saudi oil production facilities.

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    Major Stock Indexes in Red Monday

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  • Benzinga

    Oil Prices, Stocks Pump Higher After Drone Strike Cripples Saudi Oil Supply

    Saudi Arabia suffered a drone strike at its Abqaiq crude oil processing facility over the weekend, which happens to be the "most critical" piece of infrastructure in the country. The price of ...

  • Saudi Drone Attack Rattles Oil Market
    Investopedia

    Saudi Drone Attack Rattles Oil Market

    Half of the state-owned Saudi Aramco's supply, about 5% of the global oil supply, was wiped out in Saturday's attack.

  • 5 U.S. Shale Producers in Focus on Saudi Oil Disruptions
    Zacks

    5 U.S. Shale Producers in Focus on Saudi Oil Disruptions

    The Saudi Arabian supply shock has put the oil market in a fundamentally tight spot and is likely to breathe life back into the sector.

  • How Do Marathon Oil Corporation’s (NYSE:MRO) Returns On Capital Compare To Peers?
    Simply Wall St.

    How Do Marathon Oil Corporation’s (NYSE:MRO) Returns On Capital Compare To Peers?

    Today we are going to look at Marathon Oil Corporation (NYSE:MRO) to see whether it might be an attractive investment...

  • Why Is Marathon Oil (MRO) Down 2.5% Since Last Earnings Report?
    Zacks

    Why Is Marathon Oil (MRO) Down 2.5% Since Last Earnings Report?

    Marathon Oil (MRO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Moody's

    Marathon Oil Corporation -- Moody's assigns Baa3 rating to St. John the Baptist Parish's Revenue Refunding Bonds Sub-series 2017A-1, 2017A-2 and 2017A-3 (Marathon Oil Project)

    Moody's Investors Service (Moody's) assigned a Baa3 rating to Marathon Oil Corporation's (Marathon Oil) proposed remarketing of certain bonds issued by the Parish of St. John the Baptist, State of Louisiana (Parish), including $200 million Revenue Refunding Bonds Sub-series 2017A-1 (Sub-series A-1 bonds), $200 million Revenue Refunding Bonds Sub-series 2017A-2 (Sub-series A-2 bonds) and $200 million Revenue Refunding Bonds Sub-series 2017A-3 (Sub-series A-3 bonds, and together with Sub-series A-1 bonds and Sub-series A-2 bonds, Sub-series A bonds). Marathon Oil's ratings and stable outlook are unchanged.

  • Marathon Oil Announces Proposed $600 Million Tax Exempt Bond Remarketing Transaction
    PR Newswire

    Marathon Oil Announces Proposed $600 Million Tax Exempt Bond Remarketing Transaction

    HOUSTON , Sept. 4, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that it has launched a conversion and remarketing of $600 million of sub-series A bonds (the "Sub-Series ...

  • Marathon Oil Announces Early Redemption of $600 Million 2.7% Senior Notes
    PR Newswire

    Marathon Oil Announces Early Redemption of $600 Million 2.7% Senior Notes

    HOUSTON, Sept. 3, 2019 /PRNewswire/ -- Marathon Oil Corporation (MRO) announced today that it sent an irrevocable notice of early redemption to the holders of the Company's $600 million 2.7% Senior Notes Due 2020 (the "Notes"). Pursuant to the Indenture, dated as of February 26, 2002 (the "Indenture"), and the Notes, the early redemption date is set to October 3, 2019 (the "Redemption Date"). In accordance with the terms and conditions set forth in the Indenture and the Notes, the Notes will be redeemed at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate (as defined in the Notes) plus 20 basis points, plus, in either case, accrued but unpaid interest on the principal amount being redeemed to the Redemption Date.

  • This Oil Stock Has Now Handed Its Investors $1.2 Billion (and That’s Just the Beginning)
    Motley Fool

    This Oil Stock Has Now Handed Its Investors $1.2 Billion (and That’s Just the Beginning)

    Marathon Oil continues to put a priority on returning cash to shareholders.

  • Reuters

    UPDATE 3-Trump promises ethanol-related 'giant package' to please farmers

    WASHINGTON/South Sioux City, NEBRASKA, Aug 29 (Reuters) - P resident Donald Trump said on Thursday his administration is planning a "giant package" related to ethanol that would please U.S. farmers angry that many more oil refiners have been freed from obligations to use the corn-based fuel. Clashes between farmers and the oil industry over biofuel policy have posed a challenge for Trump, who is counting on the support of both constituencies in next year's presidential election. U.S. farmers and ethanol producers have ramped up pressure on Trump over the past few weeks to quickly take steps to boost ethanol demand.

  • Reuters

    UPDATE 5-Trump to announce plan to boost biofuel demand soon -U.S. agriculture secretary

    WASHINGTON/DECATUR, Ill., Aug 28 (Reuters) - U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, his secretary of agriculture said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of oil refinery waivers. The spat over the waivers has left the White House caught between the oil industry, which wants its refineries freed from obligations to blend ethanol into the fuel supply, and farmers in key election states who grow the corn used to make the ethanol. The Trump administration has scrambled Cabinet members for several weeks now to churn out a plan that would quell the uproar among the farmers, who say the biofuel waivers granted by the Environmental Protection Agency to small refining facilities undermine demand for the corn-based fuel.

  • Marathon Oil to Participate in Barclays CEO Energy-Power Conference
    PR Newswire

    Marathon Oil to Participate in Barclays CEO Energy-Power Conference

    HOUSTON , Aug. 27, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that Lee Tillman , Chairman, President and CEO, will present at the Barclays CEO Energy-Power Conference in ...

  • 5 GARP Stocks To Buy Today
    InvestorPlace

    5 GARP Stocks To Buy Today

    Let's call a spade a spade. The market is a bit hard to grasp these days. On the one hand, the economy isn't crashing, data isn't particularly bad, consumers are spending and we just recently got a nice present from the Federal Reserve. However, the data is slowing and the recession signs are starting to make themselves known. We have this weird environment. Investors can and need to find growth but still need some margin of safety to help fight the volatility.That's why investors should get to know GARP stocks.GARP stands for "growth at a reasonable price" and was popularized by legendary Fidelity manager Peter Lynch. It's basically the intersection of traditional value and growth-style investing. With GARP stocks investors are looking to find those firms that have plenty of oomph behind them but aren't paying too much to own that growth.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Companies Using AI to Grow The way to measure GARP stocks is through the often-ignored price/earnings-to-growth or PEG ratio. According to Lynch, a fairly valued company will support a PEG ratio of 1. When a company's PEG is over 1, it's overvalued. For GARP stocks, we're looking at PEG ratios of less than 1. It's here that a firm is considered undervalued based on its growth.With the current environment, here are five GARP stocks that offer plenty of growth with a high margin of safety. GARP Stocks to Buy: Amazon (AMZN)Source: Hadrian / Shutterstock.com PEG Ratio: 0.91We all know that e-commerce giant Amazon (NASDAQ:AMZN) is a growth play. The firm continues to move into new markets, change old ones and dominate across a variety of playing fields. But what's a little crazy is that AMZN stock is actually cheap. With a PEG of 0.91, investors aren't paying too much for all of Amazon's potential.And what growth potential there is.Amazon has a lot of levers to pull. From higher-margin private brands to its success in digital advertising, the firm has a lot of growth behind it. Right now, analysts estimate that AMZN will pull in a whopping $332 billion in revenue next year and make around $33 per share in profits. That's a nearly 19% jump in sales and a 43% year-over-year increase in earnings per share. That's some torrid growth for a firm the size of AMZN.More importantly, the future still looks rosy for Amazon. Most businesses continue to migrate to Amazon Web Services, while the firm has been making waves in some businesses. AMZN's forays into healthcare are just starting -- with its buyout of PillPack -- and there are rumors starting to swirl that Amazon may even get into retail banking. The point is, Amazon continues to find ways to drive revenue and profit growth faster than its rivals.And yet, investors aren't paying too much for that growth. This makes AMZN an amazing GARP stock to buy. Marathon Oil (MRO)Source: Jonathan Weiss / Shutterstock.com PEG Ratio: 0.36Thanks to the threat of a slowing economy, lower Chinese demand and overall "meh" conditions, the energy sector hasn't exactly been a bright spot in the market. That could make energy companies huge bargains -- especially when it comes to GARP stocks. A prime choice could be Marathon Oil (NYSE:MRO).MRO stock has had a few ups and downs over its history -- including spinning off its refining assets at the wrong time and suffering under the weight of lower oil prices during the last crash. But those downs turned out to be a big learning opportunity for the energy firm. Marathon has cut costs, moved its operations to solely focus on the cheap shale formations and paid down its hefty debt load.All of this is helping it move through the current oil price malaise. In fact, MRO reported one heck of a quarter that beat analyst projections by a wide margin. Free cash flows post dividends clocked in at $137 million, while the firm's debt reduction has paid off and moved into the investment-grade category. Meanwhile, Marathon was able to return plenty of cash to its shareholders -- buying back $250 million worth of stock of year-to-date and handing back $82 million for dividend payments. * 10 Undervalued Stocks With Breakout Potential But because of the recent tension in the energy sector, traders are pricing MRO as if it'll never grow again. Currently, shares can be had for a rock-bottom PEG of 0.36. At the same time, it has a trailing price-to-earnings ratio of less than 10. So, investors are paying nothing for its current earnings either.With those low numbers, MRO could be the ultimate pick among GARP stocks. Jazz Pharmaceuticals (JAZZ)Source: Michael Vi / Shutterstock.com PEG Ratio: 0.75It's no secret that the biotech sector is full of high-growth firms. But it is rare to find one trading at such bargain-basement prices for that growth. One of the biggest bargains in the sector could be Jazz Pharmaceuticals (NASDAQ:JAZZ).JAZZ has not one, but five drugs on the market. This includes blockbuster narcolepsy drug Xyrem. Sales of the drug continue to surge with revenues for it jumping 16% year-over-year to hit $413.2 million during the last-reported quarter. Solid sales growth for its drug Defitelio and acute myeloid leukemia drug Vyxeos helped the biotech firm realize an overall 14% year-over-year gain in revenue and a nearly 17% increase in earnings.That's some impressive growth and yet, investors could care less. Today, JAZZ can be had for a PEG of 0.75.The reason is two-fold. For starters, sales of its blood cancer drug Erwinaze have continued to tank. Thanks to continued manufacturing issues, sales of the oncology medicine fell 53% year-over-year. That's terrible news as the drug was seen a big future buster for JAZZ. Secondly, Jazz Pharmaceuticals has long been rumored to be a buyout candidate. However, rather than get swallowed, the firm has gone on a shopping spree of its own and recently purchased a cancer program from Redx Pharma as well as private clinical-stage biotech company Cavion. Not only did that remove the mergers and acquisitions target thesis, but it also upped JAZZ's debt by a bit. With that, share price growth has stalled.But this could be a great opportunity to load up on JAZZ shares. Already, the firm has scored another drug approval and features a great pipeline full of potential new drugs. Meanwhile, Jazz continues to make plenty of cash and has begun to buy back stock in droves. Some analysts even believe a dividend could be on the way.And yet, shares are trading well below that growth potential. Wendy's (WEN)Source: Jonathan Weiss / Shutterstock.com PEG Ratio: 0.8The burger wars continue to heat-up and Wendy's (NASDAQ:WEN) is winning. And no we aren't talking about their social media team. WEN continues to drive traffic and sales in a big way. During the last quarter revenue rose 7.4% year-over-year to $408.6 million, while earnings jumped 27% to $0.14 per share. Both results were way ahead of the estimates.The reason comes down to its ambitious plans for growth. After stumbling a few years ago, the fast-food giant unveiled a new plan to boost sales and profitability. This included changing its menu to drive growth as well as enhancing the customer experience through digital channels and delivery. Well, it's working big time. Small changes like reconfiguring its famous value deals and adding 50 cent Frosty's has a dramatic effect on profitability and average check size. Wendy's now features some of the best margins in the business. * 10 Marijuana Stocks to Ride High on the Farm Bill And there's plenty of room to grow further. The next step in Wendy's plan is to expand it partnership with DoorDash for delivery. Right now, the adoption of delivery options for WEN is low, but management has plans to boost this through the integration of mobile ordering in its app. Moreover, margins could rise further as it adds more digital kiosks inside its restaurants.The best part is that WEN's hefty growth, free cash flows and dividend are going for cheap. Right now you score Wendy's stock for a PEG of just 0.8. JetBlue Airways (JBLU)Source: Roman Tiraspolsky / Shutterstock.com PEG Ratio: 0.55The airlines have long been some of the worst performers in terms of the market. However, all of that changed back in 2014 when oil prices crashed and stayed low. Because of this, the top dogs got even better and that includes budget firm JetBlue Airways (NASDAQ:JBLU).After a recent setback, JBLU started to regain its mojo. For its latest reported quarter, the airline managed to see profits of 59 cents per share. This compares to a loss in the similar period a year ago. It also shows that JetBlue's plans are starting to work. Thanks to cost-cutting programs, JBLU has managed to see its margins creep up closer to carriers with higher costs per flight.But the best growth could be ahead. Much of JBLU's price improvement and cost-cutting programs will make serious hay by 2020. The airline expects to be able to reduce costs by $250 million to $300 million annually by the end of next year. Meanwhile, the firm is looking at its routes and reallocating capacity. Underperforming routes are being dropped while applying that capacity to its best markets. At the same time, JBLU s exploring longer -- read higher margin -- routes and destinations for its portfolio. The addition of its latest next-generation fare platform will also help. These two pieces of the puzzle should help JBLU score an additional $295 million in revenues according to management.Already, JBLU is starting to see some real growth from its operations, but more could be ahead. And the best part is that investors aren't paying too much for the growth today. With a PEG of just 0.55, JBLU is living up to its discount airline name and makes a great GARP stock to buy.At the time of writing, Aaron Levitt held a long position in AMZN stock More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 5 GARP Stocks To Buy Today appeared first on InvestorPlace.

  • North Dakota Oil Production Sets Record, So Does Gas Flaring
    Zacks

    North Dakota Oil Production Sets Record, So Does Gas Flaring

    The newest numbers showed that daily crude output remained above one million barrels for the 29th month, further confirming North Dakota as one of the hottest shale plays in the United States.

  • Oil & Gas US Integrated Industry Outlook: Prospects Gloomy
    Zacks

    Oil & Gas US Integrated Industry Outlook: Prospects Gloomy

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  • Marathon Oil Corporation (NYSE:MRO) Will Pay A 0.4% Dividend In 4 Days
    Simply Wall St.

    Marathon Oil Corporation (NYSE:MRO) Will Pay A 0.4% Dividend In 4 Days

    Marathon Oil Corporation (NYSE:MRO) is about to trade ex-dividend in the next 4 days. This means that investors who...

  • South Texas Drilling Permit Roundup: A slow week for South Texas drilling
    American City Business Journals

    South Texas Drilling Permit Roundup: A slow week for South Texas drilling

    The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.

  • Thomson Reuters StreetEvents

    Edited Transcript of MRO earnings conference call or presentation 8-Aug-19 1:00pm GMT

    Q2 2019 Marathon Oil Corp Earnings Call

  • Marathon Oil (MRO) Q2 2019 Earnings Call Transcript
    Motley Fool

    Marathon Oil (MRO) Q2 2019 Earnings Call Transcript

    MRO earnings call for the period ending June 30, 2019.

  • Marathon Oil's Drilling Machine Delivers Another Profit Gusher in Q2
    Motley Fool

    Marathon Oil's Drilling Machine Delivers Another Profit Gusher in Q2

    The oil and gas company blew past expectations yet again.

  • Stock Market News For Aug 8, 2019
    Zacks

    Stock Market News For Aug 8, 2019

    Markets ended moderately higher on Wednesday after major benchmarks recovered from losses incurred earlier in the session.