Thomas Barwick I published my ‘Strong Buy’ thesis for Emerson (NYSE:EMR) in May 2024, indicating the company’s transition into a stronger growth industrial technology company with a focus on software, control, sustainability, decarbonization and energy transitions. The company released its Q3 result on August 7, showing only 3% organic revenue and order growth. The stock price took a hit after the earnings due to the weakness in maintenance, repair, and operations ("MRO") and discrete automation orders. ...

Marathon Oil Corporation (MRO) reported second-quarter 2024 adjusted net income per share of 63 cents, missing the Zacks Consensus Estimate of 67 cents. The underperformance reflects higher costs and tepid production numbers.However, the company’s bottom line rose from the year-ago adjusted profit of 48 cents due to higher commodity price realizations.The company reported revenues of $1.7 billion, which came $15 million above the consensus mark and rose 12.8% from the year-ago sales.Investors should know th ...

Marathon Oil (MRO) shareholder Martin Siegel has filed a lawsuit to stall the proposed acquisition of the company by ConocoPhillips (COP) , one of the largest exploration and production companies globally. The investor argued that the proposed acquisition deal significantly undervalues Marathon.The acquisition was announced in May 2024, with ConocoPhillips agreeing to buy Marathon for approximately $22.5 billion. The price includes $5.4 billion of net debt. Siegel stated that the shareholders of Marathon co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file number 1-5153 Marathon Oil Corporation (Exact name of registrant as specified in its charter) Delaware 25-0996816 (State or othe ...

Marathon Oil (MRO) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -5.97%. A quarter ago, it was expected that this energy company would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of 5.77%. Over the last four quarters, the comp ...

Marathon Oil Reports Second Quarter 2024 Results HOUSTON, Aug. 7, 2024 - Marathon Oil Corporation (NYSE: MRO) reported second quarter 2024 net income of $349 million or $0.62 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $357 million or $0.63 per diluted share. Net operating cash flow was $1,088 million or $1,028 million before changes in working capital ...

HOUSTON, Aug. 7, 2024 /PRNewswire/ -- - Marathon Oil Corporation (NYSE: MRO) reported second quarter 2024 net income of $349 million or $0.62 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $357 million or $0.63 per diluted share. Net operating cash flow was $1,088 million or $1,028 million before changes in working capital (adjusted CFO). HIGHLIGHTS Secon ...

HOUSTON, July 31, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today that the Company's board of directors has declared a dividend of 11 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept. 10, 2024, to stockholders of record on Aug. 21, 2024.About Marathon Oil Marathon Oil Corporation (NYSE: MRO) is an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the U.S. - Eagle Ford, ...

Marathon Oil (MRO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 7. On ...

In the latest trading session, Marathon Oil (MRO) closed at $27.45, marking a -1.51% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.12%, and the technology-dominated Nasdaq saw an increase of 0.07%.Shares of the energy company have depreciated by 2.79% over the course of the past month, outperforming the Oils-Energy sector's loss of 9.38% and lagging the S&P 500's loss of 0.21%.The upcoming earnings release of Mara ...