Marathon Oil stock trades under the ticker MRO & has shown recent bullishness that traders & investors should take a closer look at.
MRO stock closed at $27.33/share on 2/13/2023.
Marathon Oil MRO Stock’s Technical Performance Broken Down
MRO Stock Price: $27.33
10 Day Moving Average: $26.69
50 Day Moving Average: $27.21
200 Day Moving Average: $26.53
RSI: 51.42
MACD: -0.152
Yesterday, MRO stock completed a bullish MACD crossover, despite losing -1.51% on the day.
Their RSI is neutral & recent trading volumes have been below average compared to the year prior, signaling uncertainty in where to value their shares.
The candlesticks of the last few days signal that there appears to be some near-term weakness on the horizon, which can offer a better entry point for investors or traders.
MRO stock has support at the $27.21 (2 support points at this level), as well as at $26.69, as they try to break out above the $27.72 & $27.82/share resistance levels.
Marathon Oil MRO Stock As A Long-Term Investment
Long-term oriented investors will like MRO stock’s valuation metrics, with a 5.33 P/E (ttm) & a 1.57 P/B (mrq).
They recently reported 40% Quarterly Revenue Growth Y-o-Y, with 344% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $1.12B of Total Cash (mrq) & $4.11B of Total Debt (mrq).
MRO stock pays a 1.15% dividend, which appears to be sustainable in the long-run, as their payout ratio is 5.57%.
79.14% of MRO stock’s outstanding share float is owned by institutional investors.
Marathon Oil MRO Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from MRO stock’s price movements, while protecting their portfolios from broader market volatility.
I am looking at the contracts with the 3/17 expiration date.
The $27, $25 & $26 call options are all in-the-money, with the former being more liquid than the latter strikes.
The $32, $31 & $29 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
MRO stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their safe dividend, as well as their valuation metrics, but may want to research into the structure of their balance sheet further before investing.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into how MRO stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS POSITIONS IN MRO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***