Marathon Oil Co. (NYSE: MRO) saw a flurry of activity across various investment entities. American International Group and Intech Investment Management LLC sold their shares, while entities such as Epoch Investment Partners, Bessemer Group, and Kingsview Wealth Management have bought into the company. Additionally, Orion Portfolio Solutions, Mitsubishi UFJ Trust & Banking Corp, and Concurrent Investment Advisors cut their positions, while Seven Eight Capital and Swiss National Bank decreased their holdings. Despite underperforming on some days compared to competitors, MRO's stock experienced jumps following a
$17 billion all-stock buyout deal by ConocoPhillips. Analysts at StockNews.com have begun coverage on MRO with an average rating of 'Moderate Buy'. The CFO, Dane Whitehead, sold 73,233 shares of MRO. MSRO also faced a downgrade from JPMorgan over a missed earnings estimate. However, despite fluctuations in the market, MRO's momentum points towards long-term growth with expected strong performance in 2024. While acknowledging MRO's strong fundamentals, some market skeptics point to the stock's recent underperformance. ConocoPhillips' acquisition and $0.11 dividends also place MRO in an intriguing spot.
Marathon Oil Stocks MRO News Analytics from Fri, 01 Dec 2023 08:00:00 GMT to Sun, 28 Jul 2024 18:45:48 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
