Marathon Oil has been a topic of much discussion among investors over its
performance against competitors, with reports of
underperformance dominating the news. Among shareholders, there has been significant activity, including
sales by the likes of
Amalgamated Bank, M&T Bank Corp, Natixis Advisors L.P, and the Retirement Systems of Alabama. Despite a series of
price target cuts, Benchmark has maintained a
'Buy' rating for the oil company. However, the company
beat Q1 earnings expectations due to oil price improvements. In addition,
Truist Financial Corp and
First Trust Direct Indexing L.P have
purchased additional shares. Latest estimates predict a strong 2024 for Marathon with a potential
30% stock upswing. Nevertheless, the company has also seen some dark clouds, missing
EPS and Revenue for Q1 2024. Future prospects hinge on whether the company will
beat estimates in its next earnings report.
Marathon Oil Stocks MRO News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Fri, 10 May 2024 10:32:32 GMT -
Rating -2
- Innovation 2
- Information 5
- Rumor -3
