Among the S&P 500’s biggest fallers on Friday October 04 was Murphy Oil Corporation (MUR). The stock experienced a 4.34% decline to $20.95 with 3.9 million shares changing hands.
Murphy Oil Corporation started at an opening price of 21.69 and hit a high of $22.15 and a low of $20.63. Ultimately, the stock took a hit and finished the day at $0.95 per share. Murphy Oil Corporation trades an average of n/a shares a day out of a total 162.25 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Murphy Oil Corporation hit a high of $36.53 and a low of $17.04 over the last year.
Murphy is an independent exploration and production company developing unconventional resources in the United States and Canada. At the end of 2018, the company reported net proven reserves of 816 million barrels of oil equivalent. Consolidated production averaged 172 thousand barrels of oil equivalent per day in 2018, at a ratio of 59% oil and natural gas liquids and 41% natural gas.
With its headquarters located in El Dorado, AR, Murphy Oil Corporation employs 1,108 people. After today’s trading, the company’s market cap has fallen to $3.4 billion, a P/S of n/a, a P/B of 0.72, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.