RSPG: This Energy Fund No Longer Offers An Attractive Entry Point (Rating Downgrade) [Seeking Alpha]
Marathon Oil Corporation (MRO)
Last marathon oil corporation earnings: 2/12 04:30 pm
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US:NYSE Investor Relations:
marathonoil.com/investors
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Source: Seeking Alpha
The OPEC cartel has kept oil in a tight range for the past two years, but may loosen production cuts now that the top of the range is reached. Geopolitical tensions in the Middle East are priced in and selling panic events is more ideal than buying them. RSPG exhibits an overbought technical condition, with the fund's RSI reading above 70. A protracted conflict in the Middle East represents an upside risk to oil prices, but OPEC has the ability to roll back their March 2024 production cuts. Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF ( NYSEARCA: RSPG ), touting it as an excellent choice to obtain a cross-sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight exposure to both large and mid-cap energy equities. The fund is substantially up since our 'Buy' rating: With a significant rally in oil and oil equitie
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News
- Marathon (MRO) Q1 Earnings on Deck: Here's How It Will Fare [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Corporation Declares First Quarter 2024 DividendPR Newswire
- Analysts Estimate Marathon Oil (MRO) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Marathon Oil Co. (NYSE: MRO) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $32.00 price target on the stock.MarketBeat
- Marathon Oil (MRO) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
MRO
Earnings
- 2/21/24 - Beat
MRO
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- MRO's page on the SEC website