Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Murphy Oil Corp shares valued at $2,002,924 were purchased by ROGER JENKINS on Feb 19 ’25. At $28.61 per share, ROGER JENKINS acquired 70,000 shares.
Also, Palanivelu Meenambigai purchased 1,573 shares, netting a total of over 41,999 in proceeds. Following the buying of shares at $26.70 each, the insider now holds 37,065 shares.
Before that, DEMING CLAIBORNE P had added 50,000 shares to its account. In a trade valued at $1,328,000, the Director bought Murphy Oil Corp shares for $26.56 each. Upon closing the transaction, the insider’s holdings increased to 50,000 shares, worth approximately $27.87 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 -1.18%. Over the course of the year, Murphy Oil Corp shares have dropped approximately -6.18%. 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 $29.65, while a 200-day SMA reached $35.48. Nevertheless, trading volume fell to 2.65 million shares from 2.79 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 28.18, which, if violated, would cause prices to drop to 27.97. In the upper region, resistance lies at 28.70. The next price resistance is at 29.02. RSI (Relative Strength Index) is 47.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 15.63%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
