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Zacks Analyst Blog Highlights: Marathon Oil Corporation, Exxon, ConocoPhillips, Chevron and Enterprise Products Partners L.P. – Press Releases

Zacks Market Commentaries (November 4th, 2009) Writes:

For Immediate Release

Chicago, IL – November 4, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Marathon Oil Corporation (MRO), Exxon (XOM), ConocoPhillips (COP), Chevron (CVX) and Enterprise Products Partners L.P. (EPD).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s AnalystBlog:

Marathon Beats, Production Up

Marathon Oil Corporation’s (MRO) third-quarter 2009 results came in better-than-expected, helped by the contribution from increased oil and natural gas production. Earnings per share, excluding mark-to-market and divestment losses, came in at 61 cents, above the Zacks Consensus Estimate of 56 cents.

However, as

...

Enterprise Raises Dividend – Analyst Blog

Zacks Market Commentaries (November 2nd, 2009) Writes:
Enterprise Products Partners L.P. (EPD) reported its third quarter earnings per limited partners unit at 43 cents, in line with the Zacks Consensus Estimate and year-ago earnings of 49 cents. Before adjusting one-time items, earnings per limited partner unit reached 36 cents. Importantly, Enterprise increased its quarterly distribution by 5.7% year-over-year to the annualized run rate of $2.21 per unit. This was the 21st consecutive quarterly distribution increase. Following the merger, Enterprise and TEPPCO generated distributable cash flow of $359 million and $43 million, respectively, in the quarter. Total distributable cash flow (DCF) for Enterprise and TEPPCO provided 1.03X distribution coverage. Revenue for the quarter decreased nearly 27% year-over-year to $4.6 billion, due primarily to lower commodity prices. However, gross operating margin increased more than 17% to $561 million, driven by volume growth and strong natural gas processing margins. At the individual business level, gross ...

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