In a filing, Murphy Oil Corp revealed its Director Nolan Jeffrey W acquired Company’s shares for reported $0.23 million on Mar 05 ’25. In the deal valued at $23.39 per share,10,000 shares were bought. As a result of this transaction, Nolan Jeffrey W now holds 292,012 shares worth roughly $7.41 million.
Then, Utsch Louis W sold 9,584 shares, generating $269,310 in total proceeds. Upon selling the shares at $28.10, the Vice President now owns 9,504 shares.
Before that, Utsch Louis W bought 9,584 shares. Murphy Oil Corp shares valued at $269,310 were divested by the Officer at a price of $28.10 per share.
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 4.97% to $25.36. Over the last five days, the stock has lost -4.27%. Murphy Oil Corp shares have fallen nearly -16.19% since the year began. Nevertheless, the stocks have fallen -35.22% over the past one year. While a 52-week high of $49.14 was reached on 01/13/25, a 52-week low of $22.90 was recorded on 03/05/25. SMA at 50 days reached $28.76, while 200 days put it at $34.40.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 24.71, which if violated will result in even more drops to 24.07. On the upside, there is a resistance level at 25.78. A further resistance level may holdings at 26.21. The Relative Strength Index (RSI) on the 14-day chart is 38.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.66%. Stochastics %K at 26.92% indicates the stock is a holding.
