SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way.
Marathon’s past 10 years were dominated by a major restructuring, a surge in U.S. shale oil production and an unprecedented collapse in oil prices due to COVID-19.
Marathon shares started the 2010s trading at around $19.25 but hit their decade-high above $37.99 in mid-2014 just prior to the first collapse in oil prices. That first downturn was driven by a supply glut credited in large part to a booming U.S. shale oil industry.
was structured so that Marathon Oil shareholders received one share of MPC stock for every two shares of MRO they held.” data-reactid=”24″>The spinoff was structured so that Marathon Oil shareholders received one share of MPC stock for every two shares of MRO they held.
At Marathon’s $19.25 opening price for the decade, an investor would have been able to buy about 52 shares of Marathon stock for $1,000. Those shares would have entitled investors to 26 shares of MPC stock following the spin-off.
Therefore, $1,000 worth of Marathon Oil stock in 2010 would now be worth about $492, assuming reinvested dividends.
The 26 shares of MPC initially worth about $546 have generated a total return of about 142.3% since the spin-off and would now be worth about $1,322. So overall, $1,000 worth of Marathon Oil stock in 2010 would be worth around $1,814 today, assuming reinvested dividends.
Looking ahead, analysts expect even more difficulties for Marathon in 2020. The average price target among the 26 analysts covering the stock is $6, suggesting 22.5% downside.
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