Murphy Oil Corp’s filing revealed that its Vice President Palanivelu Meenambigai acquired Company’s shares for reported $41999.0 on Feb 05 ’25. In the deal valued at $26.70 per share,1,573 shares were bought. As a result of this transaction, Palanivelu Meenambigai now holds 37,065 shares worth roughly $1.06 million.
Then, DEMING CLAIBORNE P bought 50,000 shares, generating $1,328,000 in total proceeds. Upon buying the shares at $26.56, the Director now owns 981,651 shares.
Before that, DEMING CLAIBORNE P bought 50,000 shares. Murphy Oil Corp shares valued at $1,323,415 were divested by the Director at a price of $26.47 per share. As a result of the transaction, DEMING CLAIBORNE P now holds 931,651 shares, worth roughly $26.77 million.
Truist downgraded its Murphy Oil Corp [MUR] rating to a Hold from a a Buy in a research note published on January 31, 2025; the price target was decreased to $31 from $42. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late January from “an Equal-weight” to “an Underweight”. JP Morgan also remained covering MUR and has decreased its forecast on August 15, 2024 with a “Neutral” recommendation from previously “an Overweight” rating.
Price Performance Review of MUR
On Tuesday, Murphy Oil Corp [NYSE:MUR] saw its stock jump 2.50% to $28.73. Over the last five days, the stock has gained 8.54%. Murphy Oil Corp shares have fallen nearly -5.06% since the year began. Nevertheless, the stocks have fallen -24.81% over the past one year. While a 52-week high of $49.14 was reached on 01/13/25, a 52-week low of $25.26 was recorded on 02/04/25. SMA at 50 days reached $30.06, while 200 days put it at $35.92.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 28.30, which if violated will result in even more drops to 27.86. On the upside, there is a resistance level at 29.07. A further resistance level may holdings at 29.40. The Relative Strength Index (RSI) on the 14-day chart is 48.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.45%. Stochastics %K at 41.34% 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 2025-01-15, dropping by -0.61 million shares to a total of 9.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.02 million shares. There was a decline of -6.51%, which implies that there is a negative sentiment for the stock.
