Orlando, FL -- (SBWIRE) -- 09/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Marathon Oil Corporation(NYSE:MRO), AbbVie Inc (NYSE:ABBV).
Marathon Oil Corporation(NYSE:MRO) shares declined 1.43% to $35.90. The company on Sept. 10 said it plans to sell its stake in an oil and gas field offshore Angola for about $590 million as part of an asset disposal program aimed at shoring up its balance sheet and funding exploration and development projects. The company also said it would acquire about 4,800 net acres in the Eagle Ford shale field in Texas for $97 million.
Marathon Oil said it reached an agreement in principle to sell its 10 percent stake in Block 32 offshore Angola to state-run oil firm Sonangol EP.
Moreover, the company on August 27 said it named former El Paso Corp. executive John R. Sult as the energy company's new chief financial officer, replacing Janet F. Clark, who plans to retire. Mr. Sult, 54 years old, was a member of El Paso's executive management team from 2005 until the company was acquired by Kinder Morgan Inc. in 2012. While with El Paso, he was financial chief from 2009 to 2012. Prior to that, he worked as controller from 2005 until 2009.
Are investors worried about the recent updates with MRO? Find out with a free trend analysis HERE
AbbVie Inc (NYSE:ABBV) shares increased 0.93% to $47.84. ABBV declared a quarterly dividend on Thursday, September 19. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.40 per share on Friday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 3.34%.
Additionally, the company has selected 40 exceptional undergraduate and graduate students living with cystic fibrosis (CF) to each receive a $2,500 AbbVie CF Scholarship for the 2013-2014 school year based on their academic excellence, extracurricular activities and creativity. The AbbVie CF Scholars are now competing for two additional scholarships for a total award of $21,000 each and the title of 2013 Thriving Undergraduate or Graduate Student. From now until Monday, Sept. 16, 2013, please vote at www.AbbVieCFScholarship.com for two outstanding and inspirational scholars.
Is ABBV going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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