Murphy Oil Corp.’s filing revealed 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 $1.52 million.
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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 $0.44 million.
JP Morgan downgraded its Murphy Oil Corp. [MUR] rating to a Neutral from a an Overweight in a research note published on August 15, 2024; the price target was decreased to $47 from $50. Scotiabank also remained covering MUR and has decreased its forecast on April 11, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. Barclays started covering the stock on April 10, 2024. It rated MUR as “an Equal weight”.
Price Performance Review of MUR
On Friday, Murphy Oil Corp. [NYSE:MUR] saw its stock fall -0.37% to $37.43. Over the last five days, the stock has gained 1.22%. Murphy Oil Corp. shares have fallen nearly -12.26% since the year began. Nevertheless, the stocks have fallen -15.05% over the past one year. While a 52-week high of $49.14 was reached on 04/08/24, a 52-week low of $35.61 was recorded on 08/05/24. SMA at 50 days reached $39.75, while 200 days put it at $41.80.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 37.06, which if violated will result in even more drops to 36.69. On the upside, there is a resistance level at 37.80. A further resistance level may holdings at 38.17. The Relative Strength Index (RSI) on the 14-day chart is 40.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.65%. Stochastics%K at 26.45% indicates the stock is a holding.
How much short interest is there in Murphy Oil Corp.?
A steep rise in short interest was recorded in Murphy Oil Corp. stocks on 2024-07-31, growing by 0.8 million shares to a total of 7.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.25 million shares. There was a rise of 11.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 20, 2024 when ROTH MKM resumed its ‘”a Buy”‘ rating for the stock.
