Murphy Oil Corporation’s recent filing unveils that its Vice President Utsch Louis W unloaded Company’s shares for reported $0.47 million on Feb 14. In the deal valued at $43.50 per share,10,902 shares were sold. As a result of this transaction, Utsch Louis W now holds 9,504 shares worth roughly $ 0.34 million.
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Then, Vaughan Paul D. sold 9,500 shares, generating $392,350 in total proceeds. Upon selling the shares at $41.30, the Vice President & Controller now owns 4,716 shares.
Before that, MIRELES THOMAS J sold 15,000 shares. Murphy Oil Corporation shares valued at $735,840 were divested by the Executive Vice President & CFO at a price of $49.06 per share. As a result of the transaction, MIRELES THOMAS J now holds 39,894 shares, worth roughly $1.43 million.
PT values the company’s stock at a premium of 29.82 to its Monday closing price. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Hold”. JP Morgan also remained covering MUR and has increased its forecast on December 05, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies started covering the stock on October 19, 2022. It rated MUR as “a Hold”.
Price Performance Review of MUR
On Monday, Murphy Oil Corporation [NYSE:MUR] saw its stock fall -2.37% to $35.79. On the same session, the stock had its day’s lowest price of $34.635, but rose to a high of $36.28. Over the last five days, the stock has lost -13.30%. Murphy Oil Corporation shares have fallen nearly -16.79% since the year began. Nevertheless, the stocks have fallen -3.61% over the past one year. While a 52-week high of $51.28 was reached on 01/27/23, a 52-week low of $25.97 was recorded on 03/13/23. SMA at 50 days reached $41.32, while 200 days put it at $40.01. A total of 2.77 million shares were traded, compared to the trading of 1.56 million shares in the previous session.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 34.86, which if violated will result in even more drops to 33.92. On the upside, there is a resistance level at 36.50. A further resistance level may holdings at 37.21. The Relative Strength Index (RSI) on the 14-day chart is 31.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.17%. Stochastics %K at 6.79% indicates the stock is a buying.
How much short interest is there in Murphy Oil Corporation?
A steep rise in short interest was recorded in Murphy Oil Corporation stocks on Jan 12, 2023, growing by 0.97 million shares to a total of 6.83 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 5.86 million shares. There was a rise of 14.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.04.
Murphy Oil Corporation [MUR] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,147,745 shares, or roughly 10.37% of the outstanding MUR shares. In other words, the investor’s shares have risen by 344,995 from its previous 13-F filing of 15802750.0. Additionally, The Vanguard Group, Inc. increased 2.37% of its stake after which the total value it holdings stand at $617,031,571, while Fidelity Management & Research Co reduced -5.38% of its stake to hold $543.97 million in the firm. Over the last quarter, Dimensional Fund Advisors LP sold -374,876 shares of Murphy Oil Corporation, while SSgA Funds Management, Inc. sold 195,304 shares. At present, Hotchkis & Wiley Capital Manageme is holding 6,593,211 shares valued at $257.27 million. Geode Capital Management LLC owned 2,707,762 shares of the company at the time of its most recent 13F filing, worth $105.66 million.
According to FactSet, Murphy Oil Corporation’s share price will average $51.31 in the next year, based on opinions of analysts polled by the firm. This is up nearly 36.39 percent from its previous closing price of $36.66. Analysts expect Murphy Oil Corporation stock to reach the higher price of $62.00, while the lowest price estimate is $41.00. However, 17 analysts have rated MUR stock as an Overweight in their predictions for 2023.