Large Inflow of Money Detected in Murphy Oil Corporation

Murphy Oil Corporation (MUR) : On Wednesday, The money flowed into the Murphy Oil Corporation (MUR) stock with an uptick to downtick ratio was recorded at 1.18. Transactions worth $13.22 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $11.18 million. The total money flow into the stock was $2.03 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.62 million of block transactions on upticks. The total money flow in block trades was $0.62 million. In terms of price action, Murphy Oil Corporation (MUR) traded down $0.38 during the session at $30.61. Compared to the previous days closing, the stock was down only by -1.23%. For the week, the stock is -3.95%, over previous weeks closing.


Also, Barclays upgrades its rating on Murphy Oil Corporation (NYSE:MUR). The global brokerage major raises the current price target from $33 per share to $42 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on July 13, 2016.

Murphy Oil Corporation (NYSE:MUR): The stock opened at $30.66 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.32 for the day. The stock traded down to $30.04 during the day, due to lack of any buying support eventually closed down at $30.61 with a loss of -1.23% for the day. The stock had closed at $30.99 on the previous day. The total traded volume was 2,668,975 shares.

The stock has recorded a 20-day Moving Average of 1.74% and the 50-Day Moving Average is 0.19%. In a related news,The officer (Vice President & Treasurer) of Murphy Oil Corp /De, Gardner John B sold 1,246 shares at $29.39 on May 23, 2016. The Insider selling transaction had a total value worth of $36,620. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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