Streetbeat News

MRO

Marathon Oil Corporation

https://www.marathonoil.com

Industry

Oil & Gas Exploration & Production

Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. 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. It also 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. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Marathon Oil has received demand letters and complaints from stockholders concerning its deal with ConocoPhillips. In response, Marathon Oil has voluntarily issued additional disclosures while denying all allegations.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 12:33 pm

Piper Sandler analyst Mark Lear maintains an Overweight rating on Marathon Oil (NYSE:MRO) and raises the price target from $34 to $37.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:34 am

UBS analyst Josh Silverstein maintains a Neutral rating on Marathon Oil (NYSE:MRO) and lowers the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:49 pm

The article provides an analysis of recent analyst ratings for Marathon Oil (NYSE:MRO), highlighting a mix of bullish and bearish perspectives. Over the past 30 days, analysts have shown a neutral to somewhat bullish sentiment, with a notable decrease in the average price target by 10.31%. Key analysts from firms like Scotiabank, Susquehanna, JP Morgan, Mizuho, and Wells Fargo have adjusted their ratings and price targets, reflecting their updated views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 6:01 pm

Scotiabank analyst Paul Cheng maintains a Sector Perform rating on Marathon Oil (NYSE:MRO) but lowers the price target from $29 to $27.61.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:44 pm

Marathon Oil (NYSE:MRO) reported Q2 2024 earnings per share of $0.63, missing the analyst estimate of $0.69 by 8.7%. However, the company reported sales of $1.71 billion, beating the estimate of $1.69 billion and marking a 12.82% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 8:32 pm

The U.S. stock market is poised for its second consecutive day of gains, driven by positive earnings reports and reassurances from the Bank of Japan. The U.S. dollar surged against the yen, and crude oil prices spiked due to a larger-than-expected drawdown in U.S. crude inventories. Major indices and ETFs saw gains, with energy stocks leading the way.

Portfolio Pulse from Piero Cingari

August 07, 2024 | 4:46 pm

Shares of oil and gas stocks are trading lower despite Middle East tensions, likely due to weak US economic data impacting demand outlook.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 5:50 pm

ConocoPhillips (NYSE:COP) is expected to report higher Q2 earnings, with analysts forecasting $1.96 per share and $14.92 billion in revenue. The company, along with Marathon Oil Corporation (NYSE:MRO), received a Second Request from the FTC to extend the Hart-Scott-Rodino waiting period. Recent analyst ratings for ConocoPhillips include multiple Outperform ratings and price target adjustments.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 6:51 am

Tensions in Venezuela rise as opposition disputes election results, impacting oil ETFs. Major oil companies and ETFs saw gains, except for the United States Oil Fund (USO), which traded lower.

Portfolio Pulse from Anthony Noto

July 30, 2024 | 8:58 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.