Marathon Oil Corporation’s recent filing unveils that its insider Whitehead Dane E unloaded Company’s shares for reported $1.43 million on Sep 18 ’24. In the deal valued at $27.50 per share,52,008 shares were sold. As a result of this transaction, Whitehead Dane E now holds 100,000 shares worth roughly $2.66 million.
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Then, Whitehead Dane E bought 52,008 shares, generating $1,430,253 in total proceeds.
Before that, Henderson Michael A sold 38,000 shares. Marathon Oil Corporation shares valued at $1,033,900 were divested by the Executive VP, Operations at a price of $27.21 per share. As a result of the transaction, Henderson Michael A now holds 76,828 shares, worth roughly $2.05 million.
Scotiabank downgraded its Marathon Oil Corporation [MRO] rating to a Sector perform from a a Sector outperform in a research note published on July 12, 2024; the price target was decreased to $29 from $45. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early April with a ‘”an Overweight”‘ rating. Argus also remained covering MRO and has increased its forecast on March 14, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on December 11, 2023. It rated MRO as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of MRO
On Monday, Marathon Oil Corporation [NYSE:MRO] saw its stock jump 0.57% to $26.63. Over the last five days, the stock has lost -4.11%. Marathon Oil Corporation shares have risen nearly 10.22% since the year began. Nevertheless, the stocks have fallen -2.85% over the past one year. While a 52-week high of $30.06 was reached on 04/12/24, a 52-week low of $21.81 was recorded on 01/18/24. SMA at 50 days reached $27.42, while 200 days put it at $26.42.
Levels Of Support And Resistance For MRO Stock
The 24-hour chart illustrates a support level at 26.35, which if violated will result in even more drops to 26.08. On the upside, there is a resistance level at 26.82. A further resistance level may holdings at 27.02. The Relative Strength Index (RSI) on the 14-day chart is 44.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.56%. Stochastics %K at 29.14% indicates the stock is a holding.
How much short interest is there in Marathon Oil Corporation?
A steep rise in short interest was recorded in Marathon Oil Corporation stocks on 2024-09-13, dropping by -0.49 million shares to a total of 9.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.02 million shares. There was a decline of -5.18%, which implies that there is a negative sentiment for the stock.
