Murphy Oil Corp’s recently made public 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 $ 1.05 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 $26.33 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 Friday, Murphy Oil Corp [NYSE:MUR] saw its stock jump 1.22% to $28.26. Over the last five days, the stock has gained 5.37%. Murphy Oil Corp shares have fallen nearly -6.61% since the year began. Nevertheless, the stocks have fallen -25.90% 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 $29.79, while 200 days put it at $35.64.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 27.82, which if violated will result in even more drops to 27.38. On the upside, there is a resistance level at 28.82. A further resistance level may holdings at 29.38. The Relative Strength Index (RSI) on the 14-day chart is 46.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.94%. Stochastics %K at 51.76% 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 2025-01-31, growing by 4.18 million shares to a total of 12.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 8.76 million shares. There was a rise of 32.29%, which implies that there is a positive sentiment for the stock.
