Marathon Oil Corporation (MRO)
| Market Cap | 15.97B |
| Revenue (ttm) | 6.56B |
| Net Income (ttm) | 1.33B |
| Shares Out | 559.41M |
| EPS (ttm) | 2.32 |
| PE Ratio | 12.31 |
| Forward PE | 12.69 |
| Dividend | $0.44 (1.54%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 36,027,438 |
| Open | 29.11 |
| Previous Close | 28.92 |
| Day's Range | 28.43 - 29.37 |
| 52-Week Range | 21.81 - 30.06 |
| Beta | 2.16 |
| Analysts | Buy |
| Price Target | 30.94 (+8.37%) |
| Earnings Date | Nov 6, 2024 |
About MRO
Marathon Oil Corporation, an independent exploration and production company, engages in exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas in the United States and internationally. The company also produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol. In addition, it owns and operates Sugarloaf gathering system, a natural gas pipeline. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in Decem... [Read more]
Financial Performance
In 2023, Marathon Oil's revenue was $6.45 billion, a decrease of -14.81% compared to the previous year's $7.58 billion. Earnings were $1.55 billion, a decrease of -56.98%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for MRO stock is "Buy." The 12-month stock price forecast is $30.94, which is an increase of 8.37% from the latest price.
News
ConocoPhillips' Merger With Marathon Oil Offers Synergies (Rating Upgrade)
ConocoPhillips, a $123 billion market cap company, successfully completed its acquisition of the much smaller Marathon Oil. It has an investor-friendly capital return program with a 3.3% dividend, and...
ConocoPhillips Company announces exchange offers for debt securities and consent solicitations by Marathon Oil Corporation
HOUSTON--(BUSINESS WIRE)--ConocoPhillips Company announces exchange offers for debt securities and consent solicitations by Marathon Oil Corporation.
ConocoPhillips Company announces cash tender offers for debt securities and consent solicitations by Marathon Oil Corporation
HOUSTON--(BUSINESS WIRE)--ConocoPhillips Company announces cash tender offers for debt securities and consent solicitations by Marathon Oil Corporation.
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We present a highly diversified yet simple portfolio of 10 positions, with 9 funds and one individual MLP stock. The portfolio has been designed for retirees and investors planning for retirement, wit...
ConocoPhillips closes $22.5 billion deal for Marathon Oil
U.S. shale oil producer ConocoPhillips said on Friday it has completed the $22.5 billion deal to acquire smaller peer Marathon Oil.
ConocoPhillips completes acquisition of Marathon Oil Corporation
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit f...
Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE: TPL) will replace Marathon Oil Corp. (NYSE: MRO) in the S&P 500, S&P SmallCap 600 constituent Muelle...
Texas Pacific Land Will Join S&P 500. It Replaces Marathon Oil.
Marathon Oil is being dropped because it will be purchased by ConocoPhillips in a deal expected to close on Nov. 22.
Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom
A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
The Big 3: MARA, MBLY, MRO
Today's Big 3 focuses on three names all under $30 per share. Alan Knuckman breaks down what makes Marathon Digital (MARA), Mobileye (MBLY) and Marathon Oil (MRO) trades to watch.
Marathon Oil beats Q3 profit estimates on higher production
U.S. shale producer Marathon Oil beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher production and resilient demand for oil.
Marathon Oil Reports Third Quarter 2024 Results
HOUSTON , Nov. 6, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) reported third quarter 2024 net income of $287 million or $0.51 per diluted share, which includes the impact of certain item...
Marathon Oil Corporation Declares Third Quarter 2024 Dividend
HOUSTON , Oct. 30, 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 Corpora...
Marathon Oil to dismiss 500 workers in Texas ahead of ConocoPhillips deal
Marathon Oil Corp , which is being acquired by larger rival ConocoPhillips , this week said it would dismiss 500 workers in Texas, according to a filing with the Texas Workforce Commission.
Marathon Oil Schedules Third Quarter 2024 Earnings Release
HOUSTON , Oct. 23, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) announced today it plans to issue its third quarter 2024 earnings release on Wednesday, Nov. 6, after the close of U.S. fin...
Oil Stocks Slide as Market Awaits Geopolitical Developments
The oil and gas sector experienced declines, with significant drops noted in key stocks. Chevron (CVX, Financial) saw a decrease of over 1.8%, while ExxonMobil (XOM) also fell by more than 1.8%.
Top Energy Stocks For Q4
The energy sector has underperformed in 2024 due to declining oil prices amid weakened demand and oversupply. An economic stimulus package in China and increased geopolitical tensions in the Middle Ea...
Marathon Oil Stock - Investors of Marathon Oil Encouraged to Contact Kehoe Law Firm, P.C. - MRO
PHILADELPHIA, PA / ACCESSWIRE / October 4, 2024 / Kehoe Law Firm, P.C. is investigating whether certain officers or directors of Marathon Oil Corporation ("Marathon Oil") (NYSE:MRO) failed to manage M...
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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, ...
Marathon Oil shareholders vote in favor of $16 bln ConocoPhillips deal
Marathon Oil shareholders on Thursday approved the U.S. oil producer's nearly $16 billion acquisition by ConocoPhillips , the company said.
Marathon Oil Receives Stockholder Approval for Proposed Merger with ConocoPhillips
HOUSTON , Aug. 29, 2024 /PRNewswire/ -- Marathon Oil Corporation (NYSE: MRO) ("Marathon Oil") announced today that it received the necessary stockholder approval for Marathon Oil's pending merger with...
MARATHON OIL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Marathon Oil Corporation - MRO
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Marathon Oil Cor...
Marathon Oil misses profit estimates on weak natural gas prices
U.S. oil and gas firm Marathon Oil missed Wall Street estimates for second-quarter profit on Wednesday, hurt by a fall in natural gas prices.