Murphy Oil Corp. (NYSE:MUR) was down 3.1% during trading on Monday . The company traded as low as $29.70 and last traded at $29.70, with a volume of 1,127,393 shares traded. The stock had previously closed at $30.66.

A number of equities research analysts have recently commented on MUR shares. Raymond James Financial Inc. raised Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 20th. Zacks Investment Research raised Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, April 1st. Barclays PLC lifted their target price on Murphy Oil Corp. from $23.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, April 8th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Finally, Simmons lifted their target price on Murphy Oil Corp. to $17.00 in a research report on Friday, March 25th. Three research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Murphy Oil Corp. presently has an average rating of “Hold” and an average price target of $30.43.

The firm’s market capitalization is $5.12 billion. The company has a 50-day moving average of $30.63 and a 200 day moving average of $25.33.

Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.71) by $0.05. During the same quarter in the previous year, the company posted $0.02 EPS. The firm earned $430.30 million during the quarter, compared to the consensus estimate of $446.29 million. The firm’s revenue was down 53.3% on a year-over-year basis. Analysts anticipate that Murphy Oil Corp. will post ($1.71) earnings per share for the current fiscal year.

In other Murphy Oil Corp. news, VP John B. Gardner sold 1,246 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $29.39, for a total value of $36,619.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Allan J. Misner sold 7,163 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $29.39, for a total value of $210,520.57. Following the completion of the transaction, the vice president now owns 100 shares in the company, valued at approximately $2,939. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of MUR. Vanguard Group Inc. increased its stake in shares of Murphy Oil Corp. by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 15,402,419 shares of the company’s stock valued at $345,785,000 after buying an additional 247,212 shares during the period. Bank of The Ozarks increased its stake in shares of Murphy Oil Corp. by 1.0% in the fourth quarter. Bank of The Ozarks now owns 888,458 shares of the company’s stock valued at $19,946,000 after buying an additional 8,705 shares during the period. Old Mutual Global Investors UK Ltd. increased its stake in shares of Murphy Oil Corp. by 126,962.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 115,627 shares of the company’s stock valued at $2,595,000 after buying an additional 115,536 shares during the period. New York State Common Retirement Fund increased its stake in shares of Murphy Oil Corp. by 51.9% in the fourth quarter. New York State Common Retirement Fund now owns 620,027 shares of the company’s stock valued at $13,920,000 after buying an additional 211,827 shares during the period. Finally, Comerica Bank increased its stake in shares of Murphy Oil Corp. by 15.3% in the fourth quarter. Comerica Bank now owns 192,850 shares of the company’s stock valued at $3,724,000 after buying an additional 25,537 shares during the period.

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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.

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