Oil Stocks- Marathon Oil Corp. stock rises Wednesday, outperforms market
Shares of Marathon Oil Corp.
advanced 3.07% to $11.09 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.16% to 33,730.89 and the S&P 500 Index
falling 0.41% to 4,124.66. The stock’s rise snapped a two-day losing streak. Marathon Oil Corp. closed $2.20 short of its 52-week high ($13.29), which the company achieved on March 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Exxon Mobil Corp.
rose 2.89% to $57.32, Chevron Corp.
rose 1.99% to $104.27, and Royal Dutch Shell PLC ADR Cl A
rose 3.36% to $39.95. Trading volume (21.6 M) remained 5.2 million below its 50-day average volume of 26.9 M.