Marathon Oil Corporation (MRO) : Investors lapped up stocks on upticks to the tune of $52.55 million in the Fridays trading session. The trading value on downticks was comparatively at $43.25 million and the uptick to downtick ratio of 1.22 indicates continuous buying by the bulls. The net money flow into the stock was $9.3 million. The block trades were dominated by the bulls with a healthy 1.96, uptick to downtick ratio. Only $9.81 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $19.28 clearly indicating buying by large investors. The total money flow for block trades stood at $9.47 million, which is a positive for the stock in the long-term. Marathon Oil Corporation (MRO) fell $0.31 during the day at $14.11, a drop of -2.15% over the previous days close. However, for the week, the stock is -7.23%, compared to the previous week.
Marathon Oil Corporation (MRO) : The most positive equity analysts on Marathon Oil Corporation (MRO) expects the shares to touch $21, whereas, the least positive believes that the stock will trade at $14 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $18.42 with an expected fluctuation of $2.23 from the mean.
Marathon Oil Corporation (NYSE:MRO): On Fridays trading session , Opening price of the stock was $14.49 with an intraday high of $14.52. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.03. However, the stock managed to close at $14.11, a loss of 2.15% for the day. On the previous day, the stock had closed at $14.42. The total traded volume of the day was 19,805,424 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 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.