Murphy Oil Corp’s recently made public that 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 $6.52 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 fall -12.16% to $22.32. Over the last five days, the stock has lost -21.33%. Murphy Oil Corp shares have fallen nearly -26.24% since the year began. Nevertheless, the stocks have fallen -53.86% 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 04/04/25. SMA at 50 days reached $26.98, while 200 days put it at $32.98.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 21.48, which if violated will result in even more drops to 20.63. On the upside, there is a resistance level at 23.71. A further resistance level may holdings at 25.10. The Relative Strength Index (RSI) on the 14-day chart is 29.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.86%. Stochastics %K at 35.59% indicates the stock is a holding.
How much short interest is there in Murphy Oil Corp?
A steep rise in short interest was recorded in Murphy Oil Corp stocks on 2025-03-14, growing by 1.57 million shares to a total of 17.88 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 16.3 million shares. There was a rise of 8.8%, which implies that there is a positive sentiment for the stock.
