Murphy Oil Corp’s recently made public that its Officer Utsch Louis W acquired Company’s shares for reported $0.27 million on Feb 21 ’25. In the deal valued at $28.10 per share,9,584 shares were bought.
Then, ROGER JENKINS bought 70,000 shares, generating $2,002,924 in total proceeds.
Before that, Palanivelu Meenambigai bought 1,573 shares. Murphy Oil Corp shares valued at $41,999 were divested by the Vice President at a price of $26.70 per share. As a result of the transaction, Palanivelu Meenambigai now holds 37,065 shares, worth roughly $1.01 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 fall -3.16% to $27.31. Over the last five days, the stock has lost -2.18%. Murphy Oil Corp shares have fallen nearly -9.75% since the year began. Nevertheless, the stocks have fallen -29.19% 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 $29.53, while 200 days put it at $35.32.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 26.98, which if violated will result in even more drops to 26.66. On the upside, there is a resistance level at 27.90. A further resistance level may holdings at 28.50. The Relative Strength Index (RSI) on the 14-day chart is 40.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.74%. Stochastics %K at 72.96% indicates the stock is a holding.
