Murphy Oil Corporation [MUR] stock for 1,440,000 USD was sold by MURPHY ROBERT MADISON

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Murphy Oil Corporation shares valued at $1,440,000 were sold by MURPHY ROBERT MADISON on Oct 24. At $48.00 per share, MURPHY ROBERT MADISON sold 30,000 shares. The insider’s holdings dropped to 1,643,616 shares worth approximately $77.0 million following the completion of this transaction.


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Also, MURPHY ROBERT MADISON sold 40,000 shares, netting a total of over 1,860,000 in proceeds. Following the sale of shares at $46.50 each, the insider now holds 1,673,616 shares.

Before that, COLLINS T JAY had sold 5,000 shares from its account. In a trade valued at $201,610, the Director traded Murphy Oil Corporation shares for $40.32 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.47 million.

As published in their initiating research note from Jefferies on October 19, 2022, Murphy Oil Corporation [MUR] has been a Hold and the price target has been revised to $46. This represents a -1.85% premium over Thursday’s closing price. As of May 05, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for MUR. Earlier on April 07, 2022, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for MUR stock which previously was a “a Neutral”.

Analyzing MUR Stock Performance

On Thursday, Murphy Oil Corporation [NYSE: MUR] plunged -3.22% to $46.85. The stock’s lowest price that day was $42.25, but it reached a high of $47.49 in the same session. During the last five days, there has been a drop of approximately -2.27%. Over the course of the year, Murphy Oil Corporation shares have jumped approximately 79.43%. Shares of the company reached a 52-week high of $50.19 on 11/01/22 and a 52-week low of $25.97 on 07/14/22. A 50-day SMA is recorded $41.33, while a 200-day SMA reached $37.20. Nevertheless, trading volume fell to 3.31 million shares from 1.42 million shares the previous day.

Support And Resistance Levels for Murphy Oil Corporation (MUR)

According to the 24-hour chart, there is a support level at 43.57, which, if violated, would cause prices to drop to 40.29. In the upper region, resistance lies at 48.81. The next price resistance is at 50.77. RSI (Relative Strength Index) is 58.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.48, which suggests the price will increase in the coming days. Percent R is at 39.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Murphy Oil Corporation subject to short interest?

Stocks of Murphy Oil Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.9 million shares to 8.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.2 million shares. A jump of 11.11% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.59 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.59.

Which companies own the most shares of Murphy Oil Corporation (MUR)?

According to BlackRock Fund Advisors filings, the company currently owns 15,802,750 shares, which is about 10.17% of the total MUR shares outstanding. The investor’s shares have appreciated by 387,950 from its previous 13-F filing of 15414800.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $551,980,594. Fidelity Management & Research Co reduced a -29.69% interest valued at $546.66 million while Dimensional Fund Advisors LP sold a -86,135 stake. A total of -778,568 shares of Murphy Oil Corporation were sold by SSgA Funds Management, Inc. during the quarter, and -678,059 were sold by Hotchkis & Wiley Capital Manageme. In its current portfolio, Geode Capital Management LLC holds 2,620,882 shares valued at $92.18 million.

In terms of Murphy Oil Corporation share price expectations, FactSet research, analysts set an average price target of $51.93 in the next 12 months, up nearly 1.22% from the previous closing price of $48.41. Analysts anticipate Murphy Oil Corporation stock to reach $72.00 by 2022, with the lowest price target being $44.00. In spite of this, 16 analysts ranked Murphy Oil Corporation stock as an Overweight at the end of 2022. On February 11, 2022, Mizuho assigned a price target of “a Buy” to the stock and upgraded coverage with a $42.

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