Marathon Oil is Cheap But Only if Crude Prices Go Higher From Here
By Editor - Sat Oct 17, 6:16 pm
I’ll start with some good news. Independent exploration and production company Marathon Oil (NYSE:MRO) reinstated its dividend this month. The payout — suspended during the energy collapse earlier this year — will be payable Dec. 10 to MRO stock holders of record on Nov. 18. While the payout is modest at 3 cents per quarter, down from 5 cents pre-pandemic, it’s still a major demonstration of confidence by management.
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