NEW YORK (TheStreet) -- Marathon Oil (MRO - Get Report) shares are up 0.95% to $13.36 on Thursday afternoon as oil futures changed direction from falling earlier in the day following the bullish weekly oil inventory data from the Energy Information Administration (EIA).
In the week ended May 27, U.S. crude stockpiles fell by 1.4 million barrels, the report showed.
"The demand numbers are strong" for gasoline and other fuels, Donald Morton, senior VP at Herbert J. Sims & Co. told the Wall Street Journal.
Crude oil (WTI) is advancing 0.29% to $49.15 per barrel and Brent crude is climbing 0.48% to $49.96 per barrel.
This morning, futures were down on the Organization of the Petroleum Exporting Countries' (OPEC) decision to not cap production.
OPEC pointed to the recent increase in prices and signs that the global supply glut may be ameliorating.
Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.
The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself, disappointing return on equity and feeble growth in its earnings per share.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: MRO