Marathon Oil's stocks (MRO) have seen significant activity due to buyout considerations by ConocoPhillips in a massive deal worth upwards of $22.5 billion. Large financial groups, such as Gabelli Funds LLC, Westwood Holdings Group Inc., First Trust Advisors LP, and California State Teachers Retirement System, have made considerable investments or reductions in their holdings. Some have raised MRO's price target while Capital One Financial has degraded Marathon Oil's rating twice. Marathon Oil shows persistent momentum, outperforming other energy stocks throughout the year with a rise of 8.1% since the last earnings report and even jumped over 10% in a single week. However, its performance varied compared to competitors on different trading days. Meanwhile, analysts indicate that ConocoPhillips' acquisition could lead to growth, despite potentially causing short-term pain. Furthermore, Marathon Oil's dividends also came under focus, with plans to declare them. Lastly, there's potential concern about whether institutional shareholders predominantly owning approximately 78% of the company is fair for other stakeholders.
Marathon Oil Stocks MRO News Analytics from Fri, 01 Dec 2023 08:00:00 GMT to Sun, 09 Jun 2024 15:22:59 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -1
