Market Updates

Basic Materials Stocks under Discussion: Marathon Oil Corporation (NYSE:MRO), Alcoa Inc (NYSE:AA)

Marathon Oil Corporation (NYSE:MRO) shares went down -4.72% or -0.65 points to reach at $13.13 during the course of session. The stock traded in the range of $13.06 – $14.09 during its most recent trading session. The stock has total market worth of $11.29B and it has total of 847.65M outstanding shares. Relative strength index (RSI-14) for Marathon Oil Corporation (NYSE:MRO) is at 37.74.

Historically the stock has slipped -11.52% in the past week and plunged -3.88% in the last four weeks, the stock illustrate that its three months performance stands at -11.16% while its year to date performance is at 5.46%. Stock’s price oscillated from $6.52 to $21.94 during past twelve months. The stock is now trading at a distance of -11.45% from SMA-20. The stock is presently trading – 6.69% below from its SMA-50. In the current trading session, the stock’s price moved 0.31% above from its SMA-200. If we take a look on its volatility, 4.72 percent was seen in a week and for the month it was 4.39 percent. Stock’s beta value stands at 2.13 and its ATR value is at 0.73.

Marathon Oil Corporation (NYSE:MRO) announced on July 27, 2016 that the Company’s board of directors has declared a dividend of 5 cents per share on Marathon Oil Corporation common stock. The dividend is payable on Sept. 12, 2016, to stockholders of record on Aug. 17, 2016.

Marathon Oil Corporation operates as an energy company. It operates through three segments: North America E&P, International E&P, and Oil Sands Mining. The North America E&P segment develops, explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America. The International Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in Equatorial Guinea, Gabon, the Kurdistan Region of Iraq, Libya, and the United Kingdom; and produces and markets products manufactured from natural gas, such as liquefied natural gas and methanol in Equatorial Guinea. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta and Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil.

Alcoa Inc (NYSE:AA) shares rose 0.66% or +0.07 points in order to take the company’s stock at the price of $10.74. Stock’s price oscillated between $0.52 and $10.97 for intra-day trading. Relative strength index (RSI-14) for Alcoa Inc (NYSE:AA) is at 63.47. It has total market capitalization of $14.22B.

Historically the stock has climbed 1.23% in the past week and soared 18.02% in the last four weeks, the stock illustrate that its three months performance stands at -4.76% while its year to date performance is at 9.60%. The stock hit the peak level of one year at $11.50 and touched the minimum level of $6.14. Shares are trading -6.34% off from the 52-week high and +76.19% above from the 52-week bottom level. The stock is now trading at a distance of 6.06% from SMA-20. The stock is presently trading 10.32% above from its SMA-50. In the current trading session, the stock’s price moved 16.77% above from its SMA-200. The company has a Return on Assets of -1.60%. The company currently has a Return on Equity of -4.70% and a Return on Investment of 1.40%.

Alcoa Inc (NYSE:AA) announced on July 28, 2016 that it plans to undertake a reverse stock split of Alcoa’s common stock at a ratio of 1 for 3 and a proportionate reduction in the number of authorized shares of its common stock. The reverse stock split will reduce the number of Alcoa shares of common stock outstanding and is expected to increase the per share trading price of the common stock, which may improve liquidity and facilitate its trading.

Alcoa will hold a special shareholder meeting on October 5, 2016 to seek approval of the reverse stock split and authorized share count reduction. Approval of both requires the affirmative vote of a majority of votes cast by shareholders entitled to vote. Alcoa has filed a preliminary proxy statement regarding the special meeting with the U.S. Securities and Exchange Commission.

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