Marathon Oil Corporation (MRO) : On Thursday, The money flowed into the Marathon Oil Corporation (MRO) stock with an uptick to downtick ratio was recorded at 1.11. Transactions worth $37.63 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $34.02 million. The total money flow into the stock was $3.61 million. The block trades reveal a bullish bias with an up-down ratio of 2.41. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $6.5 million of block transactions on upticks. The value of block trades on downticks was $2.7 million, indicating lower selling interest. The total money flow in block trades was $3.81 million. In terms of price action, Marathon Oil Corporation (MRO) traded down $0.16 during the session at $14.69. Compared to the previous days closing, the stock was down only by -1.04%. For the week, the stock is -6.35%, over previous weeks closing.
Marathon Oil Corporation (MRO) : 12 investment research analysts covering Marathon Oil Corporation (MRO) have an average price target of $16.75 for the near short term. The highest target price given by the Brokerage Firm to the stock is $21 and the lowest target is $12 for the short term. Analysts expect the variance to be within $2.9 of the average price. The stock has recorded a 20-day Moving Average of 3.21% and the 50-Day Moving Average is 8.82%.
Marathon Oil Corporation (NYSE:MRO): The stock opened at $15.20 on Thursday but the bulls could not build on the opening and the stock topped out at $15.40 for the day. The stock traded down to $14.56 during the day, due to lack of any buying support eventually closed down at $14.74 with a loss of -0.67% for the day. The stock had closed at $14.84 on the previous day. The total traded volume was 18,821,988 shares.
Marathon Oil Corporation is an energy company based in Houston, Texas, with operations in North America, Europe and Africa. The Company operates in three segments: North America E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas in North America; International E&P segment, which explores for, produces and markets crude oil and condensate, NGLs and natural gas outside of North America and produces and markets products manufactured from natural gas, such as LNG and methanol, in Egypt and Oil Sands Mining segment, which mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. It has production operations in the United States, Egypt, Canada, the United Kingdom and Libya. The focus of its the United States operations is its three core unconventional resource plays, including the Eagle Ford, Bakken and Oklahoma Resource Basins.