NewEdge Advisors LLC has acquired 50,474 shares of
Marathon Oil. Marathon has received approval from its stockholders for a pending
merger with ConocoPhillips, which is valued at $22.5B. Despite occasional underperformance compared to the
Nasdaq, several law firms have urged Marathon investors to consult regarding the ConocoPhillips acquisition. Despite these, the
stocks jumped following the acquisition announcement. The company has declared dividends for
Q2 of 2024 and has had its shares sold by
AQR Capital Management LLC. On different counts, Marathon Oil stocks underperformed in the market but made an exceptional comeback upon announcement of
Conoco’s buyout deal. In terms of financial reports,
Q2 earnings lagged behind estimates.
Shareholder lawsuits have emerged against the merger deal and the Q2 earnings have been reported, despite missing expected figures. Interesting market moves were noted such as an executive selling over $1.4 million in company stock, while consistently
underperforms market.
Marathon Oil Stocks MRO News Analytics from Sun, 04 Feb 2024 08:00:00 GMT to Sat, 05 Oct 2024 11:51:15 GMT -
Rating 2
- Innovation -8
- Information 4
- Rumor -6