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$MRO Trading At Trendline Support

Long
NYSE:MRO   Marathon Oil Corporation
$MRO is an oil name that looks interesting with crude at $20 a barrel. $MRO is pretty strong financially and trades at just 0.21x book, 3.28x cash, and 1.13x FCF.

There's also been a lot of insider buying recently.

Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4
TILLMAN LEE M Chairman, President and CEO Mar 24 Buy 3.62 28,600 103,406 1,137,230 Mar 25 04:50 PM
TILLMAN LEE M Chairman, President and CEO Mar 23 Buy 3.38 28,000 94,581 1,108,630 Mar 25 04:50 PM
TILLMAN LEE M Chairman, President and CEO Mar 16 Buy 4.00 27,500 110,000 1,080,630 Mar 17 04:34 PM
TILLMAN LEE M Chairman, President and CEO Mar 13 Buy 4.21 22,500 94,660 1,053,130 Mar 16 04:32 PM
TILLMAN LEE M Chairman, President and CEO Mar 12 Buy 3.84 25,000 95,998 1,030,630 Mar 16 04:32 PM

Marathon Oil Corporation operates as an independent exploration and production company in the United States and Equatorial Guinea. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol, as well as owns and operates 32 central gathering and treating facilities and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. As of December 31, 2019, it had estimated proved developed reserves totaling 721 million barrels of oil equivalent (mmboe); and estimated proved undeveloped reserves totaling 484 mmboe. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

As always, trade with caution and good luck to all!

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