Murphy Oil Corporation (NYSE:MUR) has tumbled 0.17% during the past week and has dropped 0.2% in the last 4 week period. The company has outperformed the S&P 500 by 1.03% in the past week but underperformed the index by 1.11% in the last 4 weeks.
Murphy Oil Corporation (NYSE:MUR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.47 and $28.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.34, notching a gain of 4.86% for the day. The total traded volume was 5,191,457 . The stock had closed at $27.98 on the previous day.
The company shares have dropped -31.00% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $43.39 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $30.77 and the 200 Day Moving Average price is recorded at $24.62.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Gardner John B, officer (Vice President & Treasurer) of Murphy Oil Corp /De, had unloaded 1,246 shares at an average price of $29.39 in a transaction dated on May 23, 2016. The total value of the transaction was worth $36,620.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Goldman Sachs maintains its rating on Murphy Oil Corporation (NYSE:MUR). The rating major has initiated the coverage with sell rating on the shares. The Analysts at Goldman Sachs raises the price target from $19 per share to $20 per share. The rating by the firm was issued on May 5, 2016. Currently the company Insiders own 6.39% of Murphy Oil Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -98.83% . Institutional Investors own 95.26% of Murphy Oil Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 12.81%.
Murphy Oil Corporation is an oil and gas exploration and production company. The Companys 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 Companys crude oil, condensate and natural gas liquids production, as of 2014 averaged 151,647 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 dArc Basin and Syncrude Canada Ltd.