Group 1 - Marathon Oil (MRO) is currently outperforming its peers in the Oils-Energy sector with a year-to-date return of 12%, compared to the sector average of 7.4% [2] - The Zacks Consensus Estimate for MRO's full-year earnings has increased by 8.3% over the past quarter, indicating improved analyst sentiment [2] - Marathon Oil holds a Zacks Rank of 2 (Buy), suggesting a positive earnings outlook and potential for continued outperformance [1][2] Group 2 - Marathon Oil is part of the Oil and Gas - Integrated - United States industry, which ranks 27 in the Zacks Industry Rank, with an average gain of 8.1% year-to-date [3] - Another outperforming stock in the Oils-Energy sector is Plains All American Pipeline (PAA), which has returned 15.5% year-to-date and has a Zacks Rank of 2 (Buy) [2][3] - The Oil and Gas - Production Pipeline - MLB industry, which includes Plains All American Pipeline, is currently ranked 35 and has gained 10.7% so far this year [3]

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 March 31, 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) (State or other jurisdiction of i ...

Marathon Oil Corporation (NYSE:MRO) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Guy Baber - VP, IR Lee Tillman - Chairman, President & CEO Dane Whitehead - Adviser, CEO Rob White - VP, Controller, CAO & CFO Michael Henderson - EVP, Operations Patrick Wagner - EVP, Corporate Development & Strategy Conference Call Participants Scott Hanold - RBC Capital Markets Arun Jayaram - JPMorgan Chase & Co. Betty Jiang - Barclays Bank Neal Dingmann - Truist Securities Nitin Kumar - Wells ...

Marathon Oil Corporation (MRO) reported first-quarter 2024 adjusted net income per share of 55 cents, beating the Zacks Consensus Estimate of 52 cents. The outperformance reflects higher domestic liquids price.However, the company’s bottom line fell from the year-ago adjusted profit of 67 cents due to weaker production numbers.The company reported revenues of $1.7 billion, which came 1.4% below the consensus mark and fell 7.7% from year-ago sales.Marathon Oil Corporation Price, Consensus and EPS Surprise M ...

Marathon Oil Reports First Quarter 2024 Results Returned $350 Million to Shareholders and Sanctioned Equatorial Guinea Drilling Program • Continued delivery on sector-leading commitment to return at least 40% of adjusted CFO to shareholders; returned $349 million or 41% of adjusted CFO to shareholders during first quarter, including $285 million of share repurchases and $64 million base dividend • Strong financial and operational quarter with no change to full-year production or capital spending guidance – ...

Marathon Oil Corporation (MRO) is set to release first-quarter results on May 1. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 53 cents per share on revenues of $1.6 billion.Let’s delve into the factors that might have influenced the independent oil and gas producer’s performance in the March quarter. But it’s worth taking a look at MRO’s previous-quarter results first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-based upstrea ...

Zacks Premium and Style Scores - Zacks Premium provides tools for investors to become smarter and more confident, including daily updates of Zacks Rank, Zacks Industry Rank, Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - Zacks Style Scores rate stocks based on value, growth, and momentum qualities, with ratings from A to F, where A indicates the highest potential for outperformance [2] - The Style Scores are divided into four categories: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [2][3][4] Zacks Rank and Investment Strategy - The Zacks Rank uses earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [5] - Investors should focus on stocks with a Zacks Rank 1 or 2 and Style Scores of A or B for the highest probability of success [6][7] - Stocks with a 4 (Sell) or 5 (Strong Sell) rating, even with high Style Scores, are likely to have declining earnings forecasts and share prices [6] Marathon Oil (MRO) Analysis - Marathon Oil is a leading oil and natural gas exploration and production company with operations in the U.S. and Africa, holding 1,320 million oil-equivalent barrels in net proved reserves as of 2023 [8] - The company's 2023 production was 405,000 net barrels of oil equivalent per day, with 88% of volumes coming from the U.S. [8] - MRO has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of A and a 5% share price increase over the past four weeks [8][9] - Five analysts revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.07 to $2.68 per share and an average earnings surprise of 13% [9]

bjdlzx Thesis We wrote last August about the exchange traded Invesco S&P 500® Equal Weight Energy ETF (NYSEARCA:RSPG), touting it as an excellent choice to obtain a cross-sectional exposure to U.S. oil and gas, in an environment where tech was the favorite trade. Our original article highlighted how RSPG was unique in offering equal weight exposure to both large and mid-cap energy equities. The fund is substantially up since our 'Buy' rating: RSPG Rating (Author / SA) With a significant rally in oil a ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Marathon Oil (MRO) , which belongs to the Zacks Oil and Gas - Integrated - United States industry, could be a great candidate to consider.When looking at the last two reports, this energy company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 11.44%, on average, in the last two quarters.For the most r ...

pixinooFundamentals in the U.S. economy continue to support an investment in exploration company Marathon Oil (NYSE:MRO) whose shares have soared more than 20% year to date. The energy company benefits from petroleum prices that have stabilized at around $80 per barrel after OPEC+ members, led by Saudi Arabia and Russia, earlier this month agreed to extend voluntary supply cuts into the second-quarter. Marathon Oil also guided to return at least 40% of its cash flow from operations to shareholders in th ...