Large Inflow of Money Detected in Marathon Oil Corporation

Marathon Oil Corporation (MRO) stock had a bullish inflow of $3.9 million worth of trades on uptick and an outflow of $2.49 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.57. The net money flow into the stock was $1.41 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $2.02 million. $2.02 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Marathon Oil Corporation (MRO) stock traded down $0.31 , and reached $14.44, a drop of -2.11% over the previous day. On a weekly basis, the stock is -5.07%, over the previous weeks close.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Marathon Oil Corporation (NYSE:MRO). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $12 per share to $14 per share. The rating by the firm was issued on July 14, 2016.

Marathon Oil Corporation (NYSE:MRO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.62 and $14.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.84, notching a gain of 0.61% for the day. The total traded volume was 17,544,759 . The stock had closed at $14.75 on the previous day.

The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 7.06%. 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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