U.S. stocks dive more than 7% as oil war and coronavirus fears slam markets [Los Angeles Times (CA)]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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Source: Los Angeles Times
An oil price war triggered by the spreading coronavirus sent already anxious financial markets into chaos Monday, with stocks diving and crude prices collapsing in a worldwide panic that threatens a global economic recession. The Standard & Poor’s 500 index dropped 7% in the first minutes of the day, triggering a 15-minute halt in trading. When trading resumed, stocks slumped a bit further, regained some of the lost ground and then sagged again. The S&P 500 index finished down 7.6%, its worst day since 2008. The Dow Jones industrial average dropped 7.8%, or more than 2,000 points, the index’s biggest one-day point drop ever. The Nasdaq declined 7.3%. The Monday drop coincided with the 11th anniversary of the start of the market’s bull run upward, and it might lead to the end of the historic rally. For conditions to turn into a “bear market,” major market indexes need to drop 20% or more from their most recent highs for a sustained period of two months or more. The three major indexes
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News
- Marathon Oil Co. (NYSE: MRO) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Texas Pacific Land Stock Rallies on News of S&P 500 Inclusion [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips completes acquisition of Marathon Oil Corporation [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its price target lowered by analysts at Piper Sandler from $37.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
- Marathon Q3 Earnings Beat Estimates Even as Oil Prices Drop [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 11/6/24 - Beat
MRO
Sec Filings
- 11/22/24 - Form S-8
- 11/22/24 - Form S-8
- 11/22/24 - Form S-8
- MRO's page on the SEC website