Murphy Oil Corp.’s recently made public that its Vice President Martinez Maria A unloaded Company’s shares for reported $0.43 million on Mar 14 ’24. In the deal valued at $43.35 per share,10,000 shares were sold. As a result of this transaction, Martinez Maria A now holds 40,590 shares worth roughly $1.96 million.
Then, GARDNER JOHN B sold 40,000 shares, generating $1,632,992 in total proceeds. Upon selling the shares at $40.82, the Vice President now owns 25,302 shares.
Before that, Vaughan Paul D. sold 6,000 shares. Murphy Oil Corp. shares valued at $237,660 were divested by the Vice President & Controller at a price of $39.61 per share. As a result of the transaction, Vaughan Paul D. now holds 11,877 shares, worth roughly $0.57 million.
ROTH MKM reiterated its Murphy Oil Corp. [MUR] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. UBS began covering MUR with “Neutral” recommendation on April 19, 2023. Jefferies revised its rating on April 17, 2023. It rated MUR as “a Buy” which previously was an “a Hold”.
Price Performance Review of MUR
On Monday, Murphy Oil Corp. [NYSE:MUR] saw its stock fall -1.61% to $48.18. Over the last five days, the stock has gained 3.77%. Murphy Oil Corp. shares have risen nearly 12.94% since the year began. Nevertheless, the stocks have risen 23.54% over the past one year. While a 52-week high of $49.10 was reached on 04/08/24, a 52-week low of $32.80 was recorded on 01/25/24. SMA at 50 days reached $41.52, while 200 days put it at $42.57. A total of 1.02 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 47.85, which if violated will result in even more drops to 47.51. On the upside, there is a resistance level at 48.83. A further resistance level may holdings at 49.47. The Relative Strength Index (RSI) on the 14-day chart is 74.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.24%. Stochastics %K at 91.13% indicates the stock is a selling.
How much short interest is there in Murphy Oil Corp.?
A steep rise in short interest was recorded in Murphy Oil Corp. stocks on Mar 15, 2024, dropping by -1.36 million shares to a total of 7.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.82 million shares. There was a decline of -18.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.73.
