Oil Stocks- Marathon Oil Corp. stock falls Wednesday, underperforms market
Shares of Marathon Oil Corp.
shed 1.30% to $13.66 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
falling 0.54% to 4,223.70 and Dow Jones Industrial Average
falling 0.77% to 34,033.67. Marathon Oil Corp. closed $0.50 short of its 52-week high ($14.16), which the company achieved on June 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Exxon Mobil Corp.
fell 0.36% to $64.10, Chevron Corp.
fell 0.57% to $109.67, and Royal Dutch Shell PLC ADR Cl A
fell 1.63% to $41.67. Trading volume (20.4 M) eclipsed its 50-day average volume of 18.7 M.