Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Marathon Oil Company recently reported its earnings for the first quarter of 2024, where several key insights about the company's financial and operational achievements were shared.</li><li>The company has maintained a strong financial and operational performance, reinforcing its position within the Energy and Petroleum sector.</li><li>One of the highlights from the first quarter is Marathon Oil's financial strategy, focused primarily on returning shareholder value.</li></ul>

Marathon Oil Company recently reported its earnings for the first quarter of 2024, where several key insights about the company's financial and operational achievements were shared.The company has maintained a strong financial and operational performance, reinforcing its position within the Energy and Petroleum sector.One of the highlights from the first quarter is Marathon Oil's financial strategy, focused primarily on returning shareholder value.

Marathon Oil Corporation: Permian Basin Capital Allocation

<ul><li>Marathon Oil Corporation reported its first quarter 2024 earnings with several important takeaways underlining its current and future financial health.</li><li>The company successfully navigated the quarter, showcasing a strong financial and operational performance while continuing to make strategic enhancements to its asset base, aiming for a resilient and sustainable business model.</li><li>In the past earnings results, Marathon Oil strongly emphasized its commitment to executing a capital-efficient strategy, delivering significant free cash flows, and providing meaningful returns to shareholders.</li></ul>

Marathon Oil Corporation reported its first quarter 2024 earnings with several important takeaways underlining its current and future financial health.The company successfully navigated the quarter, showcasing a strong financial and operational performance while continuing to make strategic enhancements to its asset base, aiming for a resilient and sustainable business model.In the past earnings results, Marathon Oil strongly emphasized its commitment to executing a capital-efficient strategy, delivering significant free cash flows, and providing meaningful returns to shareholders.

Marathon Oil Corporation: These Are The 4 Pivotal Factors Driving Our Optimism! - Financial Forecasts

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Conocophillips is set to acquire Marathon Oil in an all-stock deal (0.2550 COP US per 1 MRO US) valued at $22.5 billion ($30.33/share), including $5,379 million in net debt.</li>
<li>Most of the frenzy in the US oil industry has focused on the consolidation within the Permian Basin, a maturing region that offers opportunities to reduce costs and increase profitability.</li>
<li>The acquisition of Marathon will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio. Spread as of 4 June is 2.6%/4.7% (gross/annualised, assuming settlement by late Q4).</li>
</ul>


Conocophillips is set to acquire Marathon Oil in an all-stock deal (0.2550 COP US per 1 MRO US) valued at $22.5 billion ($30.33/share), including $5,379 million in net debt.
Most of the frenzy in the US oil industry has focused on the consolidation within the Permian Basin, a maturing region that offers opportunities to reduce costs and increase profitability.
The acquisition of Marathon will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio. Spread as of 4 June is 2.6%/4.7% (gross/annualised, assuming settlement by late Q4).


ConocoPhillips/Marathon Oil and Shale Consolidation

<ul><li>Marathon Oil Corporation witnessed a strong financial and operational performance in the first quarter of 2024.</li><li>Despite not receiving any cash distributions from equity affiliates for timing reasons, the company was able to generate 41% or $350 million from its operations which were returned to investors.</li><li>The catch up for EG cash distributions is anticipated for the second quarter.</li></ul>

Marathon Oil Corporation witnessed a strong financial and operational performance in the first quarter of 2024.Despite not receiving any cash distributions from equity affiliates for timing reasons, the company was able to generate 41% or $350 million from its operations which were returned to investors.The catch up for EG cash distributions is anticipated for the second quarter.

Marathon Oil Corporation: How Is Their Multi-basin U.S. Portfolio and Market Position Evolving? - Major Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.</li>
<li>In this insight, we take a look at the upcoming constituent changes in the run up to the December 2024 index rebal event.</li>
<li>We expect two regular changes in December 2024. There are also several live spin-off and M&amp;A events which could trigger intra-review index changes in late-2024/early-2025.</li>
</ul>


The S&amp;P 500 index tracks the 500 largest names listed in the US and it is one of the most highly-tracked indices in the world.
In this insight, we take a look at the upcoming constituent changes in the run up to the December 2024 index rebal event.
We expect two regular changes in December 2024. There are also several live spin-off and M&amp;A events which could trigger intra-review index changes in late-2024/early-2025.


Quiddity Leaderboard S&P 500 Dec 24: APP, APO, and TPL May Be ADDs, Watch SP600 DELs

United States

Marathon Oil Corporation is an independent international energy company engaged in exploration and production, oil sands mining and integrated gas. The Company's operations are focused in North America, Africa and Europe.

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Marathon Oil (MRO US)

Marathon Oil Corporation: Permian Basin Capital Allocation

Marathon Oil Company recently reported its earnings for the first quarter of 2024, where several key insights about the company's financial and...

Baptista Research

Marathon Oil Corporation: These Are The 4 Pivotal Factors Driving Our Optimism! - Financial Forecasts

Marathon Oil Corporation reported its first quarter 2024 earnings with several important takeaways underlining its current and future financial...

Baptista Research

ConocoPhillips/Marathon Oil and Shale Consolidation

Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...

Jesus Rodriguez Aguilar

Marathon Oil Corporation: How Is Their Multi-basin U.S. Portfolio and Market Position Evolving? - Major Drivers

Marathon Oil Corporation witnessed a strong financial and operational performance in the first quarter of 2024. Despite not receiving any cash...

Baptista Research

Quiddity Leaderboard S&P 500 Dec 24: APP, APO, and TPL May Be ADDs, Watch SP600 DELs

The S&P500/400/600 Dec24 review will be announced in just over 10 days. There is an intra-review change in SP600 first, and perhaps a few more in...

Travis Lundy

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Marathon Oil Corporation: Permian Basin Capital Allocation

Marathon Oil Company recently reported its earnings for the first quarter of 2024, where several key insights about the company's financial and...

Baptista Research

Marathon Oil Corporation: These Are The 4 Pivotal Factors Driving Our Optimism! - Financial Forecasts

Marathon Oil Corporation reported its first quarter 2024 earnings with several important takeaways underlining its current and future financial...

Baptista Research

ConocoPhillips/Marathon Oil and Shale Consolidation

​Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...

Jesus Rodriguez Aguilar

Marathon Oil Corporation: How Is Their Multi-basin U.S. Portfolio and Market Position Evolving? - Major Drivers

Marathon Oil Corporation witnessed a strong financial and operational performance in the first quarter of 2024. Despite not receiving any cash...

Baptista Research

Quiddity Leaderboard S&P 500 Dec 24: APP, APO, and TPL May Be ADDs, Watch SP600 DELs

The S&P500/400/600 Dec24 review will be announced in just over 10 days. There is an intra-review change in SP600 first, and perhaps a few more in...

Travis Lundy

Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...