Murphy Oil Corp /de (MUR) Files Form 4 Insider Selling : Allan J. Misner Sells 7,163 Shares

Murphy Oil Corp /de (MUR): Allan J. Misner , Vice President of Murphy Oil Corp /de sold 7,163 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $29.39 per share for a total value of $210,520.56 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Allan J. Misner (Vice President) sold 7,163 shares at $29.39 per share price.On Feb 1, 2016, Caroline G Theus (director) sold 28,500 shares at $18.61 per share price.Also, On Aug 17, 2015, Walentin Mirosh (director) sold 400 shares at $32.26 per share price.On Aug 3, 2015, Roger W. Jenkins (CEO) purchased 15,000 shares at $32.36 per share price.

Murphy Oil Corporation: On Friday, May 6, 2016 heightened volatility was witnessed in Murphy Oil Corporation which led to swings in the share price. The shares opened for trading at $29.76 and hit $31.186 on the upside , eventually ending the session at $30.34, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 50,16,662 shares. The 52-week high of the share price is $47.715 and the company has a market cap of $5,220 M . The 52-week low of the share price is at $14.3.

Murphy Oil Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.Murphy Oil Corporation is Reiterated by UBS to Neutral and the brokerage firm has raised the Price Target to $ 36 from a previous price target of $19 .The Rating was issued on Apr 28, 2016.Murphy Oil Corporation is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $23 .The Rating was issued on Apr 8, 2016.

Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil natural gas and natural gas liquids across the world. This business maintains upstream operating offices in locations including Calgary Alberta and Kuala Lumpur Malaysia. The Company’s crude oil condensate and natural gas liquids production as of 2014 averaged 151647 barrels per day. The Company has operations in United States Canada Malaysia and all other countries including Australia Brunei Vietnam Suriname Cameroon and Equatorial Guinea among others. As of December 31 2014 total United States proved reserves were 204.9 million barrels of crude oil 29.1 million barrels of natural gas liquids and 226 billion cubic feet of natural gas. In Canada it owns an interest in three non-operated assets the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne d’Arc Basin and Syncrude Canada Ltd.

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