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Marathon Oil Corporation Declares Second Quarter 2024 Dividend
Prnewswire· 2024-07-31 20:30
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) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-31 15:06
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 ...
Marathon Oil (MRO) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-07-29 23:15
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 ...
Marathon Oil Schedules Second Quarter 2024 Earnings Release
Prnewswire· 2024-07-17 20:30
HOUSTON, July 17, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its second quarter 2024 earnings release on Wednesday, Aug. 7, after the close of U.S. financial markets.Due to the pending merger with ConocoPhillips, Marathon Oil will not conduct a second quarter earnings conference call or webcast.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 ...
Marathon (MRO) to Pay $241M for Environmental Violations
ZACKS· 2024-07-15 13:36
Marathon Oil Corporation (MRO) has reached a settlement with the Environmental Protection Agency ("EPA") and the Department of Justice ("DOJ"). The $241.5 million agreement addresses alleged air quality violations at MRO's oil and gas operations on North Dakota's Fort Berthold Indian Reservation.Background of the SettlementLargest Civil Penalty for Clean Air Act Violations: The settlement includes a civil penalty of $64.5 million, marking the largest ever for violations of the Clean Air Act at stationary so ...
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates Merger of Marathon Oil Corp. - MRO
Prnewswire· 2024-07-03 00:06
 NEW YORK, July 2, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Marathon Oil Corp. (NYSE: MRO), relating to its proposed merger with ConocoPhillips. Under the terms of the agreement, Marathon Oil shareholders will receive 0.255 shares of ConocoPhillips co ...
2 Energy Stocks to Avoid in July Amid Oil Rally
Schaeffers Investment Research· 2024-07-01 19:20
Oil prices are on the rise today, on track for their highest close since April as analysts continue to forecast supply deficits. Along with summer demand hopes, the Organization of the Petroleum Exporting Countries and its allies' (OPEC+) decision to extend most of its oil output cuts triggered hedge funds to build up their oil positions in June.The energy sector saw high buying volume last month and climbed alongside Brent crude oil, according to Goldman Sachs. However, investors may want to hold off on at ...
Marathon Oil (MRO) Declines More Than Market: Some Information for Investors
ZACKS· 2024-06-14 23:15
In the latest market close, Marathon Oil (MRO) reached $27.30, with a -1.37% movement compared to the previous day. This change lagged the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq gained 0.12%.The energy company's shares have seen an increase of 5.93% over the last month, surpassing the Oils-Energy sector's loss of 6.02% and the S&P 500's gain of 4.15%.The investment community will be paying close attention to the earnings performance of Marathon Oil in ...
Here's Why Marathon Oil (MRO) is a Strong Momentum Stock
ZACKS· 2024-05-30 14:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...
Marathon Oil (MRO) Stocks Up 8.4% on Buyout Deal by Conoco
zacks.com· 2024-05-30 11:01
In a major energy sector development, ConocoPhillips (COP) has struck an all-stock deal to buy rival Marathon Oil Corporation (MRO) for $22.5 billion, including debt. This would consolidate Conoco’s position in America’s shale fields.Over the past year, there have been multiple deals where large energy sector companies have been buying out whatever remains of the once vast shale resources. Companies like Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX) kickstarted these acquisitions, and others f ...