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Stock Market & Financial Investment News

News Breaks
July 30, 2014
15:12 EDTMROMarathon Oil increases quarterly dividend 11% to 21c
Marathon Oil announced that the company's board has approved an 11% increase in the quarterly dividend payable on Marathon Oil common stock, resulting in a new quarterly dividend rate of 21c per share. The dividend is payable on September 10 to stockholders of record on August 20.
News For MRO From The Last 14 Days
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January 27, 2015
10:00 EDTMROOn the Fly: Analyst Downgrade Summary
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January 26, 2015
16:26 EDTMROMarathon Oil, Cobalt, RSP Permian downgraded at UBS
UBS lowered its Brent and WTI forecasts to $52.50 and $49 from $67.50 and $62.50, respectively, and downgraded a number of names in the energy space in conjunction. Along with making changes to its oil price forecasts, UBS downgraded Marathon Oil (MRO), Cobalt (CIE) and RSP Permian (RSPP), all to Neutral from Buy. The firm also identified ConocoPhillips (COP), Devon Energy (DVN), Murphy Oil (MUR), Ultra Petroleum (UPL), Range Resources (RRC), Denbury Resources (DNR), and Magnum Hunter (MHR) as having high valuations, slowing growth and wide free cash flow deficits and said it was cautious on all of those names as well.
16:21 EDTMROMarathon Oil downgraded to Neutral from Buy at UBS
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