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 $269,310 were sold by Utsch Louis W on Feb 21 ’25. At $28.10 per share, Utsch Louis W sold 9,584 shares. The insider’s holdings dropped to 9,504 shares worth approximately $0.26 million following the completion of this transaction.
Also, Utsch Louis W purchased 9,584 shares, netting a total of over 269,310 in proceeds.
Before that, ROGER JENKINS had added 70,000 shares to its account. In a trade valued at $2,002,924, the Officer bought Murphy Oil Corp shares for $28.61 each.
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 -5.14%. Over the course of the year, Murphy Oil Corp shares have dropped approximately -11.00%. 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 $29.34, while a 200-day SMA reached $35.06. Nevertheless, trading volume fell to 3.4 million shares from 3.43 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 26.41, which, if violated, would cause prices to drop to 25.88. In the upper region, resistance lies at 27.59. The next price resistance is at 28.24. RSI (Relative Strength Index) is 39.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 68.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
