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

28.45

Mkt cap

16B

Volume

3.5M

High

28.57

P/E Ratio

12.39

52-wk high

30.06

Low

28.20

Div yield

0.02

52-wk low

21.81

Benzinga Insights identifies Peabody Energy (BTU), SilverBow Resources (SBOW), Marathon Oil (MRO), Euronav (EURN), and Black Stone Minerals (BSM) as notable value stocks in the energy sector based on low P/E multiples. Peabody Energy and Euronav reported increases in earnings per share, while SilverBow Resources and Marathon Oil saw decreases. Black Stone Minerals experienced an increase in earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:39 pm

UBS analyst Josh Silverstein maintains a Neutral rating on Marathon Oil (MRO) and lowers the price target from $28 to $27.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 5:49 pm

RBC Capital analyst Scott Hanold has reiterated an Outperform rating on Marathon Oil (NYSE:MRO) and maintained a $33 price target.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 3:13 pm

Marathon Oil Corp (MRO) is forecasted by JPMorgan analyst Arun Jayaram to see a 30% stock upswing, with a price target of $32. Despite a modest 1.8% gain in 2024, the company stands out in the E&P sector with a 16% Free Cash Flow yield for 2024, based on current oil and gas prices. Other companies like Vermilion Energy Inc (VET), Vital Energy (VTLE), Callon Petroleum Co (CPE), and Gulfport Energy Corp (GPOR) are also highlighted as top performers in the sector for 2024 and 2025.

Portfolio Pulse from Surbhi Jain

March 04, 2024 | 2:56 pm

Marathon Oil has announced the promotion of Rob White to the position of Executive Vice President and CFO, effective May 1, 2024. This strategic move is part of the company's leadership transition plan.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:54 pm

Marathon Oil (NYSE:MRO) has been evaluated by 7 analysts over the last three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is now $30.29, down from $34.43, reflecting a 12.02% decline. Analysts have adjusted their ratings and price targets, indicating a cautious outlook based on Marathon Oil's financial performance, including a -11.8% revenue growth and below-industry benchmarks in ROE and ROA.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:00 pm

Marathon Oil (NYSE:MRO) reported Q4 earnings that exceeded analyst expectations with a 9.52% EPS surprise and a 2.15% revenue surprise. Despite challenges, the company's 2024 guidance is positive, with a strong Free Cash Flow outlook and an anticipated reversal of E.G. timing impacts in 1Q24. JPMorgan analyst Arun Jayaram rates MRO stock Overweight without a specific price target. MRO stock closed 1.4% higher at $23.98, remaining range-bound between $22 and $27 over the past year.

Portfolio Pulse from Surbhi Jain

February 22, 2024 | 9:35 pm

Nvidia's impressive earnings report has sparked optimism in the market, leading to a jump in Nasdaq and S&P 500 futures. Investors are now focused on upcoming economic data, including jobless claims and Fed speeches, to gauge the market's direction. Other stocks mentioned include Five9, Lucid Group, Rivian Automotive, Sunnova Energy, and Sunrun, which moved on their earnings reports. Additionally, several companies are set to report their quarterly results.

Portfolio Pulse from Shanthi Rexaline

February 22, 2024 | 12:23 pm

Marathon Oil (NYSE:MRO) reported Q4 2023 adjusted EPS of $0.69, surpassing the $0.63 estimate, with sales of $1.69B also beating the $1.65B estimate. However, this represents a 2.42% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 9:31 pm

Wall Street experienced a downturn ahead of the Federal Reserve meeting minutes and Nvidia's earnings report. Cybersecurity stocks, notably Palo Alto Networks, faced significant losses, impacting the Global X Cybersecurity ETF. Energy stocks outperformed due to a rise in natural gas prices. Major indices and ETFs like SPY, DIA, and QQQ saw declines, while specific stocks reacted to earnings reports or anticipated earnings.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 6:04 pm

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