Marathon Oil Corporation (MRO) : Money flow in the Marathon Oil Corporation (MRO) stock was negative (8.24 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $25.81 million, compared to $34.05 million on downticks. The total uptick to downtick ratio was 0.76, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.27 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.37 million. Downtick transaction value in block trades amounted to $5.64 million, indicating persistent selling. The uptick to downtick ratio was 0.42. Marathon Oil Corporation (MRO) traded $0.38 higher at $15.49 gaining 2.51% over the previous days close.
The company Insiders own 0.35% of Marathon Oil Corporation shares according to the proxy statements. Institutional Investors own 81.24% of Marathon Oil Corporation shares.
In a related news, Wagner Patrick, officer (V.P.-Corporate Development) of Marathon Oil Corp had purchased 5,000 shares on September 14, 2015 in a transaction. The price per share was $15.4 and the total amount of the disclosed transaction was $77,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Marathon Oil Corporation (NYSE:MRO): The stock opened at $15.37 and touched an intraday high of $15.69 on Friday. During the day, the stock corrected to an intraday low of $15.35, however, the bulls stepped in and pushed the price higher to close in the green at $15.49 with a gain of 2.51% for the day. The total traded volume for the day was 12,584,570. The stock had closed at $15.11 in the previous trading session.
Marathon Oil Corporation (MRO) has risen sharply, recording gains of 11.68% in the past 4 weeks. However, the stock has corrected -2.88% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.83% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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.