News & Events:MRO

The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden administration's efforts to ease petroleum prices elevated by Russia's invasion of Ukraine and thin global spare capacity to boost output.

Marathon Oil Corporation Wednesday reported second-quarter revenues and adjusted net income of $2.30 billion and $1.32 per share, topping analyst expectations of $2.07 billion and $1.26 per share, respectively. On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that Marathon Oil traded more than 1.93 times its average daily put volume on Thursday.

Marathon Oil Corp (MRO): * MARATHON OIL REPORTS SECOND QUARTER 2022 RESULTS. * Q2 ADJUSTED EARNINGS PER SHARE $1.32. * Q2 EARNINGS PER SHARE $1.37. * U.S. PRODUCTION AVERAGED 283,000 NET BARRELS OF OIL EQUIVALENT PER DAY FOR Q2 2022. * U.S. UNIT PRODUCTION COSTS AVERAGED $5.80 PER BOE DURING Q2. * FOR FULL YEAR 2022, RAISED E.G. EQUITY INCOME GUIDANCE TO A NEW RANGE OF $520 MILLION TO $560 MILLION.

Marathon Oil reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Marathon Oil beat estimated earnings by 2.33%, reporting an EPS of $1.32 versus an estimate of $1.29. Revenue was up $1.16 billion from the same period last year.

Record Quarterly Free Cash Flow and over $1.7 Billion of YTD Shareholder Distributions HOUSTON, Aug. 3, 2022 /PRNewswire/ -- Marathon Oil Corporation (MRO) reported second quarter 2022 net income of $966 million, or $1.37 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.

  ** Fresh Del Monte Produce is likely to report quarterly earnings at $0.79 per share on revenue of $1.15 billion. ** Cohen & Co is expected to report earnings for its second quarter. ** Standard Motor Products is expected to report quarterly earnings at $1.18 per share on revenue of $356.59 million.

  ** Fresh Del Monte Produce is likely to report quarterly earnings at $0.79 per share on revenue of $1.15 billion. ** Cohen & Co is expected to report earnings for its second quarter. ** Standard Motor Products is expected to report quarterly earnings at $1.18 per share on revenue of $356.59 million.

Marathon Oil Corp (MRO): * Marathon Oil Corp (MRO) - ON JULY 28, 2022, CO ENTERED INTO A SEVENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MAY 28, 2014 Source text for Eikon: [https://bit.ly/3OSYvQO] Further company coverage:

A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. This quarter, Marathon Oil experienced an increase in earnings per share, which was $0.77 in Q4 and is now $1.02. The company's most recent dividend yield sits at 1.4%, which has increased by 0.1% from 1.3% last quarter.

HOUSTON, July 27, 2022 Marathon Oil Corporation (MRO) announced today that the Company's board of directors has declared a dividend of 8 cents per share on Marathon Oil Corporation (MRO) common stock. For more information on Marathon Oil Corporation (MRO), visit the Company's website at https://www.marathonoil.com. Media Relations Contact:Kathy Sauvé, 713-296-3915.

Fundamentals will win, and shareholders will benefit from energy companies generating "asinine amounts" of free cash flow, says energy analysts at HFI Research. HFI is a contrarian investment research firm whose current focus is on the energy and natural gas markets.

* Tesla shares rise as profit tops target. * Energy stocks fall as oil prices drop. * Futures: Nasdaq up 0.43%, Dow down 0.08%, S&P up 0.13% By Shreyashi Sanyal. The S&P 500 and the Nasdaq were set to open higher on Thursday as electric automaker Tesla topped Wall Street's profit target, while futures tracking the Dow struggled for direction.

* Futures: Dow down 0.30%, S&P off 0.18%, Nasdaq up 0.05% Nasdaq futures eked out gains on Thursday as electric automaker Tesla topped Wall Street's profit target, while futures tracking the S&P 500 and the Dow struggled for direction ahead of more earnings reports. Tesla rose 3.4% in premarket trading as its quarterly profit benefited from a string of price increases for its cars.

Marathon Oil has observed the following analyst ratings within the last quarter: These 10 analysts have an average price target of $32.6 versus the current price of Marathon Oil at $19.63, implying upside. Below is a summary of how these 10 analysts rated Marathon Oil over the past 3 months.

The S&P 500 closed the month of June posting the worst half of a year since 1970 and the worst quarter since the first quarter of 2020, a period that included the official declaration of COVID-19 being a pandemic. While the SPDR S&P 500 ETF Trust was down 20.8% in the first half of 2022, there were a number of stocks that saw positive gains year-to-date.

On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes Cadre Holdings Inc as it "makes things, does stuff, sells at a profit, gives you money back." Cramer said he is not able to understand why Digital Turbine Inc continues to move lower despite earnings going up.

HOUSTON, June 29, 2022 Marathon Oil Corporation (MRO) announced today it plans to issue its second quarter 2022 earnings release on Wednesday, August 3, after the close of U.S. financial markets. The company will conduct a conference call, which will be webcast live, on Thursday, August 4, at 9 a.m. ET. The call will include forward-looking information.

Marathon Oil has observed the following analyst ratings within the last quarter: In the last 3 months, 13 analysts have offered 12-month price targets for Marathon Oil. Below is a summary of how these 13 analysts rated Marathon Oil over the past 3 months. This average price target has increased by 16.48% over the past month.

Keefe, Bruyette & Woods upgraded the previous rating for Progressive Corp from Underperform to Market Perform. According to Noble Capital Markets, the prior rating for Indonesia Energy Corp Ltd was changed from Market Perform to Outperform. For Middlesex Water Co, Janney Montgomery Scott upgraded the previous rating of Neutral to Buy.

Revlon Inc shares continue to surge Wednesday on abnormally-high volume amid increased retail investor interest following the company's Chapter 11 bankruptcy filling announcement last week. Revlon said it filed for bankruptcy to strategically reorganize its legacy capital structure and improve its long-term outlook. Retail traders have since flocked into the name hoping for a buyout.