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MRO

Marathon Oil Corporation New York Stock Exchange
$8.17
Open: $0.00 High: $0.00 Low: $0.00 Close: $0.00
Range: 0 - 0
Volume: 0
Market: Closed
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MRO
Marathon Oil Corporation 5555 San Felipe Street Houston TX, 77056-2723 http://www.marathonoil.com
Marathon Oil Corp is an exploration and production company. It focuses on producing crude oil and condensate, natural gas liquids and natural gas as well as bitumen from oil sands deposits.
  • CEO: Lee M. Tillman
  • Employees: 2,300
  • Sector: Energy
  • Industry: Oil & Gas - E&P
MRO News
Latest news about the MRO
  • 4 US Integrated Oil Stocks Countering Industry Headwinds

    4 US Integrated Oil Stocks Countering Industry Headwinds

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  • Benzinga's Weekly Bulls And Bears: AMD, Marathon, Tesla, Uber, Walgreens And More

    * Benzinga has examined the prospects for many investor favorite stocks over the past week. * The week's bullish calls included the electric vehicle leader and a recovering retailer. * A ride-sharing company and a semiconductor maker were among the bearish calls.As the fourth-quarter earnings reporting season got underway last week, the major U.S. indexes lost a little ground. The Dow Jones industrial average concluded the week down about 1%, and the S&P 500 and Nasdaq retreated a little more.Of course, much of the attention during the week was focused on the political drama in Washington, D.C. The U.S. president became the first ever to be impeached twice, after the prior week's chaos at the U.S. Capitol. Social media pulled the plug on the president and others who fomented the insurrection. The outgoing president also kept up the pressure on China, while the incoming president laid out a huge pandemic and economic recovery program.In corporate news, the U.S. Securities and Exchange Commission opened a probe into a petroleum giant, a semiconductor leader announced management changes, a casino owner and Republican megadonor passed away, and the Detroit Auto Show was canceled.Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.Bulls Tesla Inc (NASDAQ: TSLA) is not an auto company but rather a disruptive technology company. So says Shivdeep Dhaliwal's "Tesla Reaching T Valuation In 2 Years? Here's What Inspires Daniel Ives' Optimistic Target." Are U.S. political developments bullish for the Elon Musk-led company?Priya Nigam's "Marathon Oil Gets Upgrade Due To Higher Oil Prices, More Cash Return To Shareholders" is focused on how Marathon Oil Corporation (NYSE: MRO) is likely to generate around $2 billion over the next couple of years.In Jayson Derrick's "Baird Upgrades Walgreens Boots, Expects Turnaround Of 'Train Wreck' Performance," see the several catalysts that could help turn around specialty retailer Walgreens Boots Alliance Inc (NASDAQ: WBA)."Nvidia's Comprehensive Involvement In Gaming Market Continues Strong Demand: Rosenblatt" by Shanthi Rexaline examines how the competitive position of NVIDIA Corporation (NASDAQ: NVDA) in the gaming GPU market will only get better.In "Cantor Analyst Raises Aphria And Tilray Price Targets Amid Merger," Jelena Martinovic discusses why the impending merger with Tilray Inc. (NASDAQ: TLRY) has overshadowed the recent disappointing quarterly results from Aphria Inc. (NASDAQ: APHA).For additional bullish calls of the past week, also have a look at the following: * Study: Investors Say Tesla, Apple And Microsoft Were 2020's Top Stocks * Why KeyBanc Is Bullish On These 4 Casino StocksBears A Japanese tech investment giant has trimmed its stake in Uber Technologies Inc (NYSE: UBER), according to "SoftBank Dumps B Worth Of Uber Shares After Stock's Rally" by Aditya Raghunath. See how much of the stake in the ride-sharing company remains and whether it is still the largest investment in the firm's portfolio.Shanthi Rexaline's "Why Intel's CEO Transition Is A Negative For AMD: Analyst" argues that the "blue sky" scenario for Advanced Micro Devices, Inc. (NASDAQ: AMD) may start to crumble as its rival gets back on its feet. How much are AMD's share gains in servers likely to moderate?In Chris Katje's "Palantir Vulnerable With Valuation And Lockup Concerns, Citi Says," see whether shares of software company Palantir Technologies Inc (NYSE: PLTR) have run too far. Plus, a large share lockup expires around the same time as the upcoming earnings report."JPMorgan Says Hydrogen Stock Plug Power Trades At 'Steep Price,' Downgrades FuelCell Energy" by Jayson Derrick shows why the "compelling" path to $1.2 billion in sales by 2024 for Plug Power Inc (NASDAQ: PLUG) did not impress one top analyst.For more bearish takes, be sure to check out these posts: * Why Investment Strategist Ed Yardeni Is Worried About A Tech Stocks, Bitcoin-Led Market Meltdown * 'You're A Fool' Who Will 'Lose Everything' If You Take On Debt To Invest In Crypto, Mark Cuban Says * How Did Retail Perform During The Holidays?At the time of this writing, the author had no position in the mentioned equities.Photo Courtesy of PixabayKeep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Click here for options trades from Benzinga * Barron's Picks And Pans: Dividend Aristocrats, Alibaba, GameStop, Walmart And More * Notable Insider Buys Of The Past Week: Howard Hughes, Party City, Perrigo And More(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Benzinga's Top Ratings Upgrades, Downgrades For January 14, 2021

    Upgrades * For Sempra Energy (NYSE:SRE), Wells Fargo upgraded the previous rating of Equal-Weight to Overweight. Sempra Energy earned $1.31 in the third quarter, compared to $1.50 in the year-ago quarter. The current stock performance of Sempra Energy shows a 52-week-high of $161.87 and a 52-week-low of $88.00. Moreover, at the end of the last trading period, the closing price was at $121.20. * For Old Dominion Freight Line Inc (NASDAQ:ODFL), Stifel upgraded the previous rating of Sell to Hold. For the third quarter, Old Dominion Freight Line had an EPS of $1.71, compared to year-ago quarter EPS of $2.05. The stock has a 52-week-high of $227.21 and a 52-week-low of $119.01. At the end of the last trading period, Old Dominion Freight Line closed at $200.96. * Truist Securities upgraded the previous rating for Marathon Oil Corp (NYSE:MRO) from Hold to Buy. For the third quarter, Marathon Oil had an EPS of $0.28, compared to year-ago quarter EPS of $0.14. The stock has a 52-week-high of $13.47 and a 52-week-low of $3.02. At the end of the last trading period, Marathon Oil closed at $8.04. * For Intel Corp (NASDAQ:INTC), Cowen & Co. upgraded the previous rating of Market Perform to Outperform. For the third quarter, Intel had an EPS of $1.11, compared to year-ago quarter EPS of $1.42. The stock has a 52-week-high of $69.29 and a 52-week-low of $43.61. At the end of the last trading period, Intel closed at $56.95. * HSBC upgraded the previous rating for Cognex Corp (NASDAQ:CGNX) from Hold to Buy. For the third quarter, Cognex had an EPS of $0.47, compared to year-ago quarter EPS of $0.23. At the moment, the stock has a 52-week-high of $88.15 and a 52-week-low of $35.20. Cognex closed at $84.15 at the end of the last trading period. * According to Atlantic Equities, the prior rating for Intel Corp (NASDAQ:INTC) was changed from Underweight to Neutral. In the third quarter, Intel showed an EPS of $1.11, compared to $1.42 from the year-ago quarter. At the moment, the stock has a 52-week-high of $69.29 and a 52-week-low of $43.61. Intel closed at $56.95 at the end of the last trading period. * Truist Securities upgraded the previous rating for Apache Corp (NASDAQ:APA) from Hold to Buy. In the third quarter, Apache showed an EPS of $0.16, compared to $0.29 from the year-ago quarter. The current stock performance of Apache shows a 52-week-high of $33.77 and a 52-week-low of $3.80. Moreover, at the end of the last trading period, the closing price was at $17.80. * According to HSBC, the prior rating for Chevron Corp (NYSE:CVX) was changed from Hold to Buy. Chevron earned $0.11 in the third quarter, compared to $1.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of $117.29 and a 52-week-low of $51.60. Chevron closed at $93.25 at the end of the last trading period. * According to Baird, the prior rating for AeroVironment Inc (NASDAQ:AVAV) was changed from Neutral to Outperform. For the second quarter, AeroVironment had an EPS of $0.48, compared to year-ago quarter EPS of $0.34. The current stock performance of AeroVironment shows a 52-week-high of $99.81 and a 52-week-low of $45.00. Moreover, at the end of the last trading period, the closing price was at $96.17. * For PPG Industries Inc (NYSE:PPG), Berenberg upgraded the previous rating of Hold to Buy. PPG Industries earned $1.93 in the third quarter, compared to $1.67 in the year-ago quarter. The current stock performance of PPG Industries shows a 52-week-high of $153.06 and a 52-week-low of $69.77. Moreover, at the end of the last trading period, the closing price was at $152.03. * RBC Capital upgraded the previous rating for Chipotle Mexican Grill Inc (NYSE:CMG) from Sector Perform to Outperform. In the third quarter, Chipotle Mexican Grill showed an EPS of $3.76, compared to $3.82 from the year-ago quarter. The stock has a 52-week-high of $1435.52 and a 52-week-low of $415.00. At the end of the last trading period, Chipotle Mexican Grill closed at $1394.69. * Raymond James upgraded the previous rating for Comerica Inc (NYSE:CMA) from Market Perform to Outperform. For the third quarter, Comerica had an EPS of $1.44, compared to year-ago quarter EPS of $1.92. The current stock performance of Comerica shows a 52-week-high of $69.23 and a 52-week-low of $24.28. Moreover, at the end of the last trading period, the closing price was at $63.69. * ScotiaBank upgraded the previous rating for ConocoPhillips (NYSE:COP) from Sector Perform to Sector Outperform. ConocoPhillips earned $0.31 in the third quarter, compared to $0.82 in the year-ago quarter. The stock has a 52-week-high of $65.61 and a 52-week-low of $20.84. At the end of the last trading period, ConocoPhillips closed at $47.10.See all analyst ratings upgrades. Downgrades * According to JP Morgan, the prior rating for Urban Outfitters Inc (NASDAQ:URBN) was changed from Neutral to Underweight. Urban Outfitters earned $0.78 in the third quarter, compared to $0.56 in the year-ago quarter. At the moment, the stock has a 52-week-high of $32.86 and a 52-week-low of $12.28. Urban Outfitters closed at $28.74 at the end of the last trading period. * For TransDigm Group Inc (NYSE:TDG), B of A Securities downgraded the previous rating of Buy to Neutral. TransDigm Gr earned $2.89 in the fourth quarter, compared to $5.62 in the year-ago quarter. At the moment, the stock has a 52-week-high of $673.51 and a 52-week-low of $200.06. TransDigm Gr closed at $610.99 at the end of the last trading period. * Loop Capital downgraded the previous rating for Penn National Gaming Inc (NASDAQ:PENN) from Hold to Sell. In the third quarter, Penn National Gaming showed an EPS of $0.93, compared to $0.38 from the year-ago quarter. The current stock performance of Penn National Gaming shows a 52-week-high of $106.80 and a 52-week-low of $3.75. Moreover, at the end of the last trading period, the closing price was at $104.21. * According to B of A Securities, the prior rating for Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) was changed from Buy to Underperform. For the third quarter, Ollie's Bargain Outlet had an EPS of $0.65, compared to year-ago quarter EPS of $0.41. The current stock performance of Ollie's Bargain Outlet shows a 52-week-high of $112.58 and a 52-week-low of $28.83. Moreover, at the end of the last trading period, the closing price was at $96.03. * For Nordstrom Inc (NYSE:JWN), Telsey Advisory Group downgraded the previous rating of Outperform to Market Perform. For the third quarter, Nordstrom had an EPS of $0.22, compared to year-ago quarter EPS of $0.81. The current stock performance of Nordstrom shows a 52-week-high of $42.02 and a 52-week-low of $11.72. Moreover, at the end of the last trading period, the closing price was at $37.59. * Cowen & Co. downgraded the previous rating for IDEX Corp (NYSE:IEX) from Outperform to Market Perform. IDEX earned $1.40 in the third quarter, compared to $1.52 in the year-ago quarter. The current stock performance of IDEX shows a 52-week-high of $211.71 and a 52-week-low of $104.56. Moreover, at the end of the last trading period, the closing price was at $203.04. * BMO Capital downgraded the previous rating for VMware Inc (NYSE:VMW) from Outperform to Market Perform. For the third quarter, VMware had an EPS of $1.66, compared to year-ago quarter EPS of $1.49. The stock has a 52-week-high of $163.17 and a 52-week-low of $86.00. At the end of the last trading period, VMware closed at $133.20. * For Globant SA (NYSE:GLOB), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Globant showed an EPS of $0.60, compared to $0.62 from the year-ago quarter. The current stock performance of Globant shows a 52-week-high of $230.47 and a 52-week-low of $70.83. Moreover, at the end of the last trading period, the closing price was at $212.78. * JP Morgan downgraded the previous rating for FuelCell Energy Inc (NASDAQ:FCEL) from Neutral to Underweight. FuelCell Energy earned $0.07 in the third quarter, compared to $0.18 in the year-ago quarter. The stock has a 52-week-high of $20.94 and a 52-week-low of $1.00. At the end of the last trading period, FuelCell Energy closed at $19.14. * JP Morgan downgraded the previous rating for DuPont de Nemours Inc (NYSE:DD) from Overweight to Neutral. For the third quarter, DuPont de Nemours had an EPS of $0.88, compared to year-ago quarter EPS of $0.96. At the moment, the stock has a 52-week-high of $87.27 and a 52-week-low of $28.33. DuPont de Nemours closed at $83.55 at the end of the last trading period. * National Bank Of Canada downgraded the previous rating for Ballard Power Systems Inc (NASDAQ:BLDP) from Outperform to Sector Perform. For the third quarter, Ballard Power Systems had an EPS of $0.05, compared to year-ago quarter EPS of $0.04. The stock has a 52-week-high of $38.00 and a 52-week-low of $6.95. At the end of the last trading period, Ballard Power Systems closed at $36.58. * For Advanced Micro Devices Inc (NASDAQ:AMD), BMO Capital downgraded the previous rating of Market Perform to Underperform. For the third quarter, Advanced Micro Devices had an EPS of $0.41, compared to year-ago quarter EPS of $0.18. At the moment, the stock has a 52-week-high of $99.23 and a 52-week-low of $36.75. Advanced Micro Devices closed at $91.78 at the end of the last trading period. * According to KeyBanc, the prior rating for Regal Beloit Corp (NYSE:RBC) was changed from Overweight to Sector Weight. For the third quarter, Regal Beloit had an EPS of $1.73, compared to year-ago quarter EPS of $1.35. The current stock performance of Regal Beloit shows a 52-week-high of $146.97 and a 52-week-low of $51.99. Moreover, at the end of the last trading period, the closing price was at $137.44. * According to KeyBanc, the prior rating for Altra Industrial Motion Corp (NASDAQ:AIMC) was changed from Overweight to Sector Weight. Altra Industrial Motion earned $0.87 in the third quarter, compared to $0.69 in the year-ago quarter. At the moment, the stock has a 52-week-high of $66.38 and a 52-week-low of $12.00. Altra Industrial Motion closed at $62.52 at the end of the last trading period.See all analyst ratings downgrades. Initiations * Wolfe Research initiated coverage on CIIG Merger Corp (NASDAQ:CIIC) with an Outperform rating. The stock has a 52-week-high of $37.18 and a 52-week-low of $9.30. At the end of the last trading period, CIIG Merger closed at $26.63. * With a Buy rating, Benchmark initiated coverage on Velodyne Lidar Inc (NASDAQ:VLDR). The price target seems to have been set at $32.00 for Velodyne Lidar. Interestingly, in the third quarter, Velodyne Lidar's EPS was $0.06. The current stock performance of Velodyne Lidar shows a 52-week-high of $30.81 and a 52-week-low of $11.80. Moreover, at the end of the last trading period, the closing price was at $23.91. * With a Buy rating, Stifel initiated coverage on Twilio Inc (NYSE:TWLO). The price target seems to have been set at $425.00 for Twilio. Twilio earned $0.04 in the third quarter, compared to $0.03 in the year-ago quarter. The current stock performance of Twilio shows a 52-week-high of $381.95 and a 52-week-low of $68.06. Moreover, at the end of the last trading period, the closing price was at $368.72. * BMO Capital initiated coverage on Trex Co Inc (NYSE:TREX) with a Market Perform rating. The price target for Trex Co is set to $90.00. In the third quarter, Trex Co showed an EPS of $0.41, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $313.26 and a 52-week-low of $63.32. Trex Co closed at $92.17 at the end of the last trading period. * With a Neutral rating, JP Morgan initiated coverage on Plug Power Inc (NASDAQ:PLUG). The price target seems to have been set at $60.00 for Plug Power. In the third quarter, Plug Power showed an EPS of $0.04, compared to $0.08 from the year-ago quarter. The stock has a 52-week-high of $73.90 and a 52-week-low of $2.53. At the end of the last trading period, Plug Power closed at $69.50. * BMO Capital initiated coverage on Masco Corp (NYSE:MAS) with a Market Perform rating. The price target for Masco is set to $62.00. For the third quarter, Masco had an EPS of $1.04, compared to year-ago quarter EPS of $0.68. The stock has a 52-week-high of $60.16 and a 52-week-low of $27.04. At the end of the last trading period, Masco closed at $56.07. * BMO Capital initiated coverage on Fortune Brands Home & Security Inc (NYSE:FBHS) with an Outperform rating. The price target for Fortune Brands Home is set to $102.00. Fortune Brands Home earned $1.19 in the third quarter, compared to $0.95 in the year-ago quarter. At the moment, the stock has a 52-week-high of $92.59 and a 52-week-low of $33.90. Fortune Brands Home closed at $87.88 at the end of the last trading period. * With an Overweight rating, Piper Sandler initiated coverage on Blackstone Group Inc (NYSE:BX). The price target seems to have been set at $71.00 for Blackstone Group. For the third quarter, Blackstone Group had an EPS of $0.63, compared to year-ago quarter EPS of $0.58. The current stock performance of Blackstone Group shows a 52-week-high of $65.75 and a 52-week-low of $33.00. Moreover, at the end of the last trading period, the closing price was at $63.97. * With a Market Perform rating, BMO Capital initiated coverage on Beacon Roofing Supply Inc (NASDAQ:BECN). The price target seems to have been set at $47.00 for Beacon Roofing Supply. For the fourth quarter, Beacon Roofing Supply had an EPS of $1.30, compared to year-ago quarter EPS of $1.04. The stock has a 52-week-high of $44.33 and a 52-week-low of $11.66. At the end of the last trading period, Beacon Roofing Supply closed at $42.92. * For Penn National Gaming Inc (NASDAQ:PENN), KeyBanc initiated coverage, by setting the current rating at Sector Weight. Penn National Gaming earned $0.93 in the third quarter, compared to $0.38 in the year-ago quarter. The stock has a 52-week-high of $106.80 and a 52-week-low of $3.75. At the end of the last trading period, Penn National Gaming closed at $104.21. * KeyBanc initiated coverage on MGM Resorts International (NYSE:MGM) with a Sector Weight rating. For the third quarter, MGM Resorts Intl had an EPS of $1.08, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $34.63 and a 52-week-low of $5.90. At the end of the last trading period, MGM Resorts Intl closed at $30.04. * KeyBanc initiated coverage on Churchill Downs Inc (NASDAQ:CHDN) with an Overweight rating. The price target for Churchill Downs is set to $239.00. For the third quarter, Churchill Downs had an EPS of $1.19, compared to year-ago quarter EPS of $0.55. The stock has a 52-week-high of $215.14 and a 52-week-low of $52.90. At the end of the last trading period, Churchill Downs closed at $204.19. * With an Overweight rating, KeyBanc initiated coverage on Caesars Entertainment Inc (NASDAQ:CZR). The price target seems to have been set at $89.00 for Caesars Entertainment. Caesars Entertainment earned $1.25 in the second quarter, compared to $0.39 in the year-ago quarter. The current stock performance of Caesars Entertainment shows a 52-week-high of $80.69 and a 52-week-low of $3.22. Moreover, at the end of the last trading period, the closing price was at $76.52. * With an Outperform rating, BMO Capital initiated coverage on The AZEK Co Inc (NYSE:AZEK). The price target seems to have been set at $48.00 for AZEK Co. Interestingly, in the fourth quarter, AZEK Co's EPS was $0.29. The current stock performance of AZEK Co shows a 52-week-high of $42.16 and a 52-week-low of $30.88. Moreover, at the end of the last trading period, the closing price was at $40.30.See all analyst ratings initiations.See more from Benzinga * Click here for options trades from Benzinga * 12 Information Technology Stocks Moving In Thursday's Pre-Market Session * 12 Health Care Stocks Moving In Thursday's Pre-Market Session(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Marathon Oil Gets Upgrade Due To Higher Oil Prices, More Cash Return To Shareholders

    With an oil price forecast of $51 per barrel for 2021 and of $56 per barrel for 2022, Marathon Oil Corporation (NYSE: MRO) is likely to generate around $2.1 billion over the next couple of years, which is enough to take its leverage to less than 1.0x by yearend 2022, according to Mizuho Securities.The Marathon Oil Analyst: Vincent Lovaglio upgraded Marathon Oil from Neutral to Buy, while raising the price target from $6 to $11.The Marathon Oil Thesis: The company has announced plans to reinvest 70% or less of its cash flows at oil prices of $45 per barrel, with more than 30% of operating cash flows to be returned to shareholders at oil prices higher than that, Lovaglio said."Our $2.0Bn OCF forecast next year implies capacity for $600Mn+ of cash return compared to a current base dividend of ~$100Mn," he wrote in the note.The bullish forecast for oil is driven by "a return to 2019 demand levels" and "ongoing U.S. E&P capital discipline," the analyst wrote."In this scenario, where oil prices rally on constrained U.S. unconventional oil growth, we think MRO is positioned to outperform," he added.MRO Price Action: Shares of Marathon Oil had risen by 9% to $8.34 at the time of publication Tuesday.Latest Ratings for MRO DateFirmActionFromTo Jan 2021MizuhoUpgradesNeutralBuy Dec 2020Wells FargoUpgradesEqual-WeightOverweight Dec 2020Morgan StanleyMaintainsUnderweight View More Analyst Ratings for MRO View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Morgan Stanley Upgrades Exxon Mobil For Improving FCF Outlook, Dividend Sustainability * BofA Raises Tesla Price Target Following Stock Rally(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Brent Smolik elected to Marathon Oil Corporation Board of Directors

    Marathon Oil Corporation (NYSE:MRO) announced today that Brent Smolik has been elected to the Company's board of directors, effective January 11, 2021.

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  • Marathon Oil Appoints Kimberly Warnica Senior Vice President and General Counsel

    Marathon Oil Corporation (NYSE: MRO) announced today that Kimberly Warnica has been appointed senior vice president and general counsel, with an anticipated effective date of January 11, 2021.

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  • Energy Stocks Rally as U.S. Crude & Fuel Inventories Drop

    The energy sector was the leading S&P performer yesterday with the notable movers being Diamondback Energy (FANG), Marathon Oil (MRO), Occidental Petroleum (OXY), TechnipFMC (FTI) and Devon Energy (DVN).

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  • Among This Year's Dogs, These 2 Could Hunt

    Each year at around this time, I take a look at the year's 5 biggest losers. This year, I like 2 of them

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  • 15 Largest Gas Companies in the US

    In this article, we are going to list the 15 largest gas companies in the US. Click to skip ahead and jump to the 5 largest gas companies in the US. Natural gas is fossil energy produced from decomposed organic matter, generally from ancient marine microorganisms that have been deposited over the last 550 million […]

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  • A Look At The Intrinsic Value Of Marathon Oil Corporation (NYSE:MRO)

    Does the December share price for Marathon Oil Corporation ( NYSE:MRO ) reflect what it's really worth? Today, we will...

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  • Is MRO A Good Stock To Buy Now?

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

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  • The Zacks Analyst Blog Highlights: Pfizer, BioNTech, Occidental Petroleum, Devon Energy, Diamondback Energy, Baker Hughes and Marathon Oil

    The Zacks Analyst Blog Highlights: Pfizer, BioNTech, Occidental Petroleum, Devon Energy, Diamondback Energy, Baker Hughes and Marathon Oil

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  • Marathon Oil (MRO) Up 44.3% Since Last Earnings Report: Can It Continue?

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

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  • Here’s the Technical Roadmap for Marathon Oil Speculators

    Presently, the bullishness in the oil market may represent the biggest disconnect between investor sentiment and reality. Primarily, new daily novel coronavirus cases have soared to all-time records, according to the Centers for Disease Control and Prevention. Of course, this implies further restrictive (and draconian) measures. Yet oil prices have risen, bolstering Marathon Oil (NYSE:MRO) and specifically MRO stock. Source: IgorGolovniov / Shutterstock.com What gives? In my opinion, the biggest catalyst for “black gold” was the Thanksgiving holiday. According to CouponFollow.com, most Americans planned on traveling long distances. Not only that, most within the willing-to-travel segment indicated they would drive to their destination. Put another way, rather than one fixed expense, the beleaguered oil industry would enjoy individual cash outlays.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Moreover, the American public made good on their intentions. According to the Bureau of Transportation Statistics, individual trips longer than 100 miles spiked up noticeably during Thanksgiving week. However, total commercial flights in the U.S. dipped from the week prior. Perhaps in anticipation of this widely distributed demand (more cars carrying more people than air passengers), both oil prices and MRO stock jumped higher. Source: Chart by Josh Enomoto But should investors jump on this rally? Here, I believe some caution is prudent. You must remember that over the long haul, oil has been mired in a down-trending channel. Therefore, you want to have some reasonable confidence that there’s substance behind the rally. From looking at the technical chart, the oil price (based on the West Texas Intermediate index) must first hit $50 and establish support there. Next, it must successfully challenge the $60 upper resistance level. Failure to achieve these price thresholds could see the index falling back to the $30s. 7 Cheap Stocks to Buy for 2021 That Deserve Recognition Plus, aside from holiday-related travel, Americans are just not getting out of their homes. Should coronavirus cases worsen, that could hurt the sector, leaving MRO stock seeing red again. Can MRO Stock Go Against the Grain? To be upfront about Marathon Oil or other fossil-fuel-related names, I’ve lost my appetite. Of course, that doesn’t necessarily mean you should avoid this market altogether. So, just what is the likelihood that MRO stock can beat the implications of its underlying industry? While both MRO and oil prices have printed decidedly negative trend channels, the former has an intriguing setup. As you can eyeball from its long-term chart, Marathon shares have inked a head-and-shoulders (H&S) pattern. You’re probably familiar with this formation as it’s one of the most oft cited in technical analysis. Click to EnlargeSource: Chart by Josh Enomoto Sure enough, MRO stock plummeted immediately after hitting the peak which represents the second shoulder. More critically, shares dropped below the H&S pattern’s “neckline,” which is a line drawn through the points represented by the drop of the first shoulder and the drop of the head. At time of writing, MRO stock is trading hands at $6.19. This is roughly where the neckline extends out to. Let’s pause right here. If you believe that Marathon shares can move higher from here, it’s vital that they maintain support around $6. Otherwise, the bears can punish MRO, pushing it to lower levels of support. Now, moving forward, the next logical target for Marathan Oil is $8. This is approximately the price where MRO was trading in late 2004 before it soared to the first shoulder of the aforementioned H&S pattern. I’m virtually certain that Wall Street traders will be eyeballing this level as the next point of resistance. If Marathon Oil stock breaks above $8 and establishes horizontal support at $9 or so, we could be in business. This could signal a fresh rethink for the market. However, I believe the next few weeks will be crucial. If MRO can’t hold $6, it could get ugly. Marathon Will Move Somewhere Personally, my gut tells me that oil prices will turn negative within the next three months. No, it’s not necessarily about President-elect Joe Biden’s incoming administration. Rather, I don’t see the case for increased demand. Covid-19 cases are rising, and so too are hospitalizations and deaths. Logically, we may see shutdowns across the nation. Do the politicians that run impacted states – liberal, conservative, or otherwise – have any choice? Let people die or let the economy crumble … what an awful predicament. Again, my appetite for investments like MRO stock has weakened considerably. But the one thing I’m confident about is that MRO will go somewhere. If you’re thinking about Marathon, just know that at best, this is an options trade on volatility. For that, I highly recommend our resident expert, InvestorPlace contributor Chris Tyler. On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post Here’s the Technical Roadmap for Marathon Oil Speculators appeared first on InvestorPlace.

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