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 $6.24 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 Thursday, Murphy Oil Corp [NYSE:MUR] saw its stock jump 3.79% to $21.37. Over the last five days, the stock has gained 7.01%. Murphy Oil Corp shares have fallen nearly -29.38% since the year began. Nevertheless, the stocks have fallen -53.49% over the past one year. While a 52-week high of $46.90 was reached on 01/13/25, a 52-week low of $18.94 was recorded on 04/09/25. SMA at 50 days reached $25.72, while 200 days put it at $32.10.
Levels Of Support And Resistance For MUR Stock
The 24-hour chart illustrates a support level at 20.96, which if violated will result in even more drops to 20.56. On the upside, there is a resistance level at 21.76. A further resistance level may holdings at 22.16. The Relative Strength Index (RSI) on the 14-day chart is 40.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.49%. Stochastics %K at 16.95% indicates the stock is a buying.
How much short interest is there in Murphy Oil Corp?
A steep rise in short interest was recorded in Murphy Oil Corp stocks on 2025-03-31, growing by 0.12 million shares to a total of 19.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 19.53 million shares. There was a rise of 0.61%, which implies that there is a positive sentiment for the stock.
