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 $233,947 were purchased by Nolan Jeffrey W on Mar 05 ’25. At $23.39 per share, Nolan Jeffrey W acquired 10,000 shares. The insider’s holdings grew to 292,012 shares worth approximately $7.01 million following the completion of this transaction.
Also, Utsch Louis W sold 9,584 shares, netting a total of over 269,310 in proceeds. Following the sale of shares at $28.10 each, the insider now holds 9,504 shares.
Before that, Utsch Louis W had added 9,584 shares to its account. In a trade valued at $269,310, the Officer bought Murphy Oil Corp shares for $28.10 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 -10.81%. Over the course of the year, Murphy Oil Corp shares have dropped approximately -20.62%. Shares of the company reached a 52-week high of $34.52 on 01/13/25 and a 52-week low of $22.90 on 03/05/25. A 50-day SMA is recorded $28.90, while a 200-day SMA reached $34.59.
Support And Resistance Levels for Murphy Oil Corp (MUR)
According to the 24-hour chart, there is a support level at 23.18, which, if violated, would cause prices to drop to 22.33. In the upper region, resistance lies at 24.59. The next price resistance is at 25.15. RSI (Relative Strength Index) is 25.96 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.60, which suggests the price will decrease in the coming days. Percent R is at 81.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
