Large Inflow of Money Detected in Marathon Oil Corporation

Marathon Oil Corporation (MRO) : Marathon Oil Corporation (MRO) had a healthy money flow of $3.48 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $32.95 million, whereas, investors only sold shares worth $29.47 million on downticks. The stock closed the day with an up-down ratio of 1.12.The money flow in the block trades to the tune of $2.25 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $4.6 million worth of transactions were on upticks. A paltry $2.35 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.95. Marathon Oil Corporation (MRO) stock slid $0.43 intraday and traded at 15.57, a change of -2.66% over previous days close. However, for the week, the company shares are -2.41% compared to previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Bank of America, upgrades their rating on the shares of Marathon Oil Corporation (NYSE:MRO). Bank of America has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 16, 2016.

Marathon Oil Corporation has dropped 5.36% in the last five trading days, however, the shares have posted positive gains of 20.77% in the last 4 weeks. Marathon Oil Corporation is up 17.94% in the last 3-month period. Year-to-Date the stock performance stands at 25.33%.

Marathon Oil Corporation (NYSE:MRO): The stock opened at $16.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $16.16 for the day. The stock traded down to $15.42 during the day, due to lack of any buying support eventually closed down at $15.55 with a loss of -2.75% for the day. The stock had closed at $15.99 on the previous day. The total traded volume was 15,529,326 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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