Marathon Oil (MRO) experienced inconsistent stock performance, initially underperforming market competitors despite
daily gains. The corporation declared a
$0.11 dividend and
second quarter 2024 results were announced. A key highlight was the acquisition by
ConocoPhillips in a
$22.5 billion deal. This deal, however, faced
shareholder litigation and additional
FTC scrutiny.
UBS Group and
Mizuho cut their target prices for MRO to $28.00 and $32.00 respectively. Despite a decrease in market performance, Marathon Oil stocks saw an 8.1% and 8.4% increase after the last earnings report and acquisition announcement alike. Venture
Virtu Financial LLC and
Total Clarity Wealth Management Inc. invested in Marathon Oil, while major oil groups emphasized the wave of M&A in oil sector. Despite cuts to
underperform rating and earnings estimates by financial institutions, stock analysts forecast a 30% stock upswing and strong setup for Marathon Oil in 2024.
Marathon Oil Stocks MRO News Analytics from Sun, 04 Feb 2024 08:00:00 GMT to Fri, 20 Sep 2024 20:42:10 GMT -
Rating 4
- Innovation -2
- Information 5
- Rumor -2
