Shares of Marathon Oil Corporation (MRO) Sees Large Inflow of Net Money Flow

Marathon Oil Corporation (MRO) traded with a cut of -0.16 points or -0.96% at $16.59 per share. As per the last available information, the stock aggregated $39.65 million in upticks and $24.23 million in downticks, keeping the net money flow capped at $15.42 million. The up/down ratio was found to be 1.64. For the week, the shares has seen a change of -4.71% in the share price.A block trade of $14.31 million in upticks and $0.73 million in downticks also took place during the day. The up/down ratio for the block stood at 19.61. The net money flow for this transaction was $13.58 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Marathon Oil Corporation has lost 6.54% in the last five trading days and dropped 4.16% in the last 4 weeks. Marathon Oil Corporation is up 26.3% in the last 3-month period. Year-to-Date the stock performance stands at -4.16%. Marathon Oil Corporation (NYSE:MRO) witnessed a decline in the market cap on Wednesday as its shares dropped 0.96% or 0.16 points. After the session commenced at $17.03, the stock reached the higher end at $17.12 while it hit a low of $16.23. With the volume soaring to 11,449,083 shares, the last trade was called at $16.59. The company has a 52-week high of $19.28. The company has a market cap of $14,055 million and there are 847,211,290 shares in outstanding. The 52-week low of the share price is $6.52.

Company has reported several Insider transactions to the SEC, on Sep 22, 2015, Patrick Wagner (V.P.-Corporate Development) purchased 5,000 shares at 15.40 per share price.On Aug 7, 2015, Lee M Tillman (CEO) purchased 25,600 shares at 19.51 per share price.

Marathon Oil Corporation Last issued its quarterly earnings results on Nov 2, 2016. The company reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $-0.19. The company had revenue of $1229.00 million for the quarter, compared to analysts expectations of $1097.56 million. The companys revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.20 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Marathon Oil Corporation was Downgraded by Instinet to Neutral on Dec 15, 2016. Company shares were Downgraded by UBS on Dec 13, 2016 to Neutral, Raises Price Target to $ 20 from a previous price target of $17 .Marathon Oil Corporation was Initiated by Susquehanna to Neutral on Nov 18, 2016.

Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions – Africa, Middle East, Europe and North America. As of year-end 2014, Marathon had approximately 2.2 billion oil-equivalent barrels (BBOE) in proved reserves (80% liquids and 67% developed). The companys business is organized into three segments – North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. In July 2011, Marathon completed the spin-off of its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (Ticker: MPC).

Marathon

Share this post

Leave a Reply