KBC Group NV Increases Investment in Marathon Oil Co
August 10, 2023
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Marathon Oil ($NYSE:MRO) is an integrated oil and gas company that operates on five continents. They specialize in exploration, production, refining, transportation and marketing of crude oil, natural gas and petroleum products. The company also has an impressive portfolio of exploration and production assets globally which span from the Gulf of Mexico to the Caspian Sea. The company was recently listed on the New York Stock Exchange (NYSE) under the symbol “MRO.”
Their commitment to delivering value to shareholders has made them attractive to investors like KBC Group NV. By increasing their investment in Marathon Oil Co., they are showing confidence in the company’s ability to continue to provide value to customers and shareholders. This is a positive sign for the future of Marathon Oil and the energy sector as a whole.
Market Price
On Monday, Marathon Oil Co. saw a small decline in their stock prices as KBC Group NV announced an increased investment in the company. Marathon Oil Co. opened at $26.3 and closed at $26.0, representing a decrease of 0.6% from the prior closing price of 26.2. The announcement by KBC Group NV to increase their investment in Marathon Oil Co. nonetheless sparked some optimism with investors, though it was not enough to offset the small dip in stock prices. It is yet to be seen what the future holds for Marathon Oil Co. and how KBC Group NV’s increased investment will affect the company’s growth prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marathon Oil. More…
| Total Revenues | Net Income | Net Margin |
| 6.66k | 2.05k | 30.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marathon Oil. More…
| Operations | Investing | Financing |
| 4.62k | -5.06k | -515 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marathon Oil. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.92k | 8.68k | 18.21 |
Key Ratios Snapshot
Some of the financial key ratios for Marathon Oil are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.6% | 87.2% | 44.2% |
| FCF Margin | ROE | ROA |
| 40.5% | 16.3% | 9.2% |
Analysis
As a part of our analysis, GoodWhale evaluated MARATHON OIL‘s wellbeing using the Star Chart system. In terms of health, MARATHON OIL earned a score of 9 out of 10, indicating that its cash flows and debt are strong enough to safely weather any crisis. Additionally, MARATHON OIL ranks high in dividend and medium in asset, growth, and profitability. Based on the Star Chart, we classified MARATHON OIL as a ‘rhino’ company. This implies the company has achieved moderate revenue or earnings growth. We believe that investors looking for steady companies with moderate growth potential may be particularly interested in investing in MARATHON OIL. More…
Peers
The competition in the oil and gas industry is intense, with Marathon Oil Corp competing against some of the largest names in the business, including ConocoPhillips, Continental Resources Inc, and Devon Energy Corp. Marathon Oil Corp has a long history in the industry, dating back to its founding in 1887. The company has a strong presence in both the upstream and downstream segments of the oil and gas industry. In the upstream segment, Marathon Oil Corp is engaged in the exploration, development, and production of oil and gas. In the downstream segment, the company refines, markets, and transports crude oil and petroleum products.
– ConocoPhillips ($NYSE:COP)
ConocoPhillips is an American multinational energy corporation with operations in more than 30 countries. It is the world’s largest independent exploration and production company and the ninth largest publicly traded oil and gas company. Based in Houston, Texas, ConocoPhillips was created through the merger of Conoco Inc. and Phillips Petroleum Co. in August 2002.
The company has a market capitalization of $150.68 billion as of 2022 and a return on equity of 30.9%. ConocoPhillips is engaged in the exploration, production, marketing and trading of crude oil, natural gas, natural gas liquids and refined products. The company’s operations are organized into four business segments: upstream, midstream, chemicals and refining.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources is an oil and natural gas exploration and production company with operations in the Bakken and SCOOP/STACK plays in the Anadarko Basin of Oklahoma. The company also has operations in the Permian Basin of Texas and New Mexico. Continental Resources was founded in 1967 and is headquartered in Oklahoma City, Oklahoma.
– Devon Energy Corp ($NYSE:DVN)
Devon Energy Corporation is a leading independent energy company engaged in oil and gas exploration and production. Devon has a market capitalization of $45.71 billion as of March 2021 and a return on equity of 43.53%. The company’s operations are focused in the United States and Canada. Devon Energy is one of the largest producers of oil and natural gas in the United States and is a member of the S&P 500 Index. The company’s business strategy is focused on creating shareholder value through a disciplined approach to asset management and capital investment.
Summary
Marathon Oil Corporation is a major oil and gas company with operations in the United States, Europe and Africa. The KBC Group NV recently boosted its holdings in Marathon Oil Corporation, making it one of the company’s largest shareholders. Analysts view the move as a positive indicator, as it signals a greater commitment to the company and increased confidence in its future prospects. Marathon Oil has been struggling to maintain its share price and profitability in recent years, facing weak commodity prices and increased competition.
However, its vast portfolio of assets and potential for growth make it an attractive investment opportunity for many investors. Analysts are forecasting a rebound in oil prices over the next year, which could help to drive growth for Marathon Oil and other oil and gas companies. With KBC Group’s increased investment, investors may be more confident in Marathon Oil’s future.
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