Murphy Oil Corp (NYSE: MUR) is -28.41% lower on its value in year-to-date trading and has touched a low of $29.84 and a high of $49.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MUR stock was last observed hovering at around $29.98 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $30.54, the stock is -5.74% and -7.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 1.87% at the moment leaves the stock -21.65% off its SMA200. MUR registered -24.70% loss for a year compared to 6-month loss of -24.48%. The firm has a 50-day simple moving average (SMA 50) of $33.0872 and a 200-day simple moving average (SMA200) of $39.02235.
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The stock witnessed a -7.57% gain in the last 1 month and extending the period to 3 months gives it a -10.10%, and is -5.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.32% over the week and 2.78% over the month.
Murphy Oil Corp (MUR) has around 725 employees, a market worth around $4.22B and $3.19B in sales. Current P/E ratio is 9.87 and Fwd P/E is 8.66. Profit margin for the company is 14.83%. Distance from 52-week low is 2.35% and -37.85% from its 52-week high. The company has generated returns on investments over the last 12 months (6.62%).
The EPS is expected to shrink by -32.22% this year.
Murphy Oil Corp (MUR) Top Institutional Holders
549.0 institutions hold shares in Murphy Oil Corp (MUR), with institutional investors hold 91.48% of the company’s shares. The shares outstanding are 145.84M, and float is at 138.05M with Short Float at 7.72%. Institutions hold 85.69% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 21.29 million shares valued at $878.15 million. The investor’s holdings represent 13.948% of the MUR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 17.28 million shares valued at $712.79 million to account for 11.3216 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 8.25 million shares representing 5.4067% and valued at over $340.4 million, while STATE STREET CORP holds 4.6729 of the shares totaling 7.13 million with a market value of $294.2 million.
Murphy Oil Corp (MUR) Insider Activity
The most recent transaction is an insider sale by Martinez Maria A, the company’s Vice President. SEC filings show that Martinez Maria A sold 10,000 shares of the company’s common stock on Mar 14 ’24 at a price of $43.35 per share for a total of $0.43 million. Following the sale, the insider now owns 40590.0 shares.
Murphy Oil Corp disclosed in a document filed with the SEC on Mar 07 ’24 that GARDNER JOHN B (Vice President) sold a total of 40,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $40.82 per share for $1.63 million. Following the transaction, the insider now directly holds 25302.0 shares of the MUR stock.
Still, SEC filings show that on Mar 06 ’24, Vaughan Paul D. (Vice President & Controller) disposed off 6,000 shares at an average price of $39.61 for $0.24 million. The insider now directly holds 11,877 shares of Murphy Oil Corp (MUR).
