Shares of Marathon Oil Corporation (MRO) Rally 1.94%

Marathon Oil Corporation (MRO) : Traders are bullish on Marathon Oil Corporation (MRO) as it has outperformed the S&P 500 by a wide margin of 10.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.94% in the last 1 week, and is up 15.58% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.35% and the 50-Day Moving Average is 11.18%.

Marathon Oil Corporation (NYSE:MRO): The stock opened at $15.41 on Friday but the bulls could not build on the opening and the stock topped out at $15.51 for the day. The stock traded down to $15.10 during the day, due to lack of any buying support eventually closed down at $15.21 with a loss of -0.39% for the day. The stock had closed at $15.27 on the previous day. The total traded volume was 15,297,909 shares.


The company Insiders own 0.35% of Marathon Oil Corporation shares according to the proxy statements. Institutional Investors own 80.68% of Marathon Oil Corporation shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (V.P.-Corporate Development) of Marathon Oil Corp, Wagner Patrick, had purchased 5,000 shares in a transaction dated on September 14, 2015. The transaction was executed at $15.4 per share with total amount equaling $77,000.

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.

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