Shares of Marathon Oil Corporation (MRO) Sees Large Outflow of Money

Marathon Oil Corporation (MRO): The stock had negative money flow to the tune of ($3.5 million) on Monday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $22.76 million, whereas, the outflow of money on downticks was $26.26 million and the ratio between the two was 0.87. The block trade had a negative net money flow of ($3.77 million). The total block trade value undertaken on upticks was $2.35 million. On the other hand, downticks amounted to $6.12 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.38. Marathon Oil Corporation (MRO) closed with marginal gains of 32 cents to end the day at $14.99, an increase of 2.18% over the previous days close. The stock recorded 8.07% for the week.


Shares of Marathon Oil Corporation appreciated by 4.56% during the last five trading days but lost 2.04% on a 4-week basis. Marathon Oil Corporation is up 16.59% in the last 3-month period. Year-to-Date the stock performance stands at 19.68%.

Marathon Oil Corporation (NYSE:MRO): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.94 and $14.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.90, notching a gain of 1.57% for the day. The total traded volume was 12,045,657 . The stock had closed at $14.67 on the previous day.

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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