Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Murphy Oil Corp shares valued at $41,999 were purchased by Palanivelu Meenambigai on Feb 05 ’25. At $26.70 per share, Palanivelu Meenambigai acquired 1,573 shares. The insider’s holdings grew to 37,065 shares worth approximately $0.97 million following the completion of this transaction.
Also, DEMING CLAIBORNE P purchased 50,000 shares, netting a total of over 1,328,000 in proceeds. Following the buying of shares at $26.56 each, the insider now holds 981,651 shares.
Before that, DEMING CLAIBORNE P had added 50,000 shares to its account. In a trade valued at $1,323,415, the Director bought Murphy Oil Corp shares for $26.47 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $24.5 million.
As published in a research note from Truist on January 31, 2025, Murphy Oil Corp [MUR] has been rated down from a Buy to a Hold and the price target has been revised to $31 from $42. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in late January. As of August 15, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for MUR.
Analyzing MUR Stock Performance
During the last five days, there has been a drop of approximately -4.26%. Over the course of the year, Murphy Oil Corp shares have dropped approximately -13.09%. Shares of the company reached a 52-week high of $34.52 on 01/13/25 and a 52-week low of $25.26 on 02/04/25. A 50-day SMA is recorded $30.37, while a 200-day SMA reached $36.20. Nevertheless, trading volume fell to 2.98 million shares from 2.87 million shares the previous day.
Support And Resistance Levels for Murphy Oil Corp (MUR)
According to the 24-hour chart, there is a support level at 25.81, which, if violated, would cause prices to drop to 25.31. In the upper region, resistance lies at 26.96. The next price resistance is at 27.62. RSI (Relative Strength Index) is 29.80 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 86.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
