Large Outflow of Money Witnessed in Marathon Oil Corporation

Shares of Marathon Oil Corporation (NYSE:MRO) traded 0.44 points or 3.47% higher at $13.11.The total intraday money flow for the shares came in at a disappointing $(-10.04) million. The total upticks amounted to $19.6 million and the total downticks were approximately $29.65 million, with the up/down ratio of 0.66. On a different note, the shares have seen -2.31% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $2.84 million in upticks and an outflow of $11.69 million in downticks. The up/down ratio for the block was found to be 0.24. The net money flow for the block transaction was $(-8.86) million.

Marathon Oil Corporation has dropped 1.94% in the last five trading days, however, the shares have posted positive gains of 3.95% in the last 4 weeks. Marathon Oil Corporation is up 13.62% in the last 3-month period. Year-to-Date the stock performance stands at 5.7%.

Currently the company Insiders own 0.35% of Marathon Oil Corporation shares according to the proxy statements. Institutional Investors own 80.62% of Marathon Oil Corporation shares. . On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (V.P.-Corporate Development) of Marathon Oil Corp, Wagner Patrick had purchased shares worth of $77,000 in a transaction dated on September 14, 2015. A total of 5,000 shares were purchased at a price of $15.4 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Marathon Oil Corporation (NYSE:MRO) rose 3.87% or 0.49 points on Friday and made its way into the gainers of the day. After trading began at $12.98 the stock was seen hitting $13.38 as a peak level and $12.93 as the lowest level. The stock ended up at $13.16. The daily volume was measured at 17,879,354 shares. The 52-week high of the share price is $27.77 and the 52-week low is $6.52. The company has a market cap of $11,155 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *