Marathon Oil Corporation
Marathon Oil Corporation, abbreviated as Marathon Oil, is an American petroleum and natural gas exploration and production company headquartered in Houston, Texas, in the Marathon Oil Tower.
There were numerous oil and gas stocks that saw short-term price increases. Marathon Oil Corporation (NYSE: MRO) was not one of these companies.
Regardless, certain names, such as Marathon, are being mentioned in the broader context of oil and gas recovery. While shares fell late last week, MRO stock tested and held above $3.70-$3.80.
Marathon, in particular, is not entirely unfavorable to the sector. The company reinstated its base dividend in early October. It was also successful in reducing the company's debt by approximately $100 million.
Again, we'll have to wait until November to see if these efforts pay off or if the pressure on oil prices is the more powerful force to contend with.
As a result, this is one of the cheapest stocks on Robinhood, with a price of less than $1.
Website: www.marathonoil.com
Market Cap: 15.991B