Murphy Oil Corp. (NYSE:MUR) shares rose 8.1% during mid-day trading on Tuesday . The stock traded as high as $32.37 and last traded at $32.14, with a volume of 2,498,099 shares. The stock had previously closed at $29.74.

A number of research analysts have recently weighed in on MUR shares. Simmons raised their price target on Murphy Oil Corp. to $17.00 in a research report on Friday, March 25th. Zacks Investment Research upgraded Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, March 22nd. Barclays PLC raised their price target 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. Credit Suisse Group AG restated a “hold” rating on shares of Murphy Oil Corp. in a research report on Sunday, May 8th. Finally, JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Three analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Murphy Oil Corp. currently has a consensus rating of “Hold” and a consensus price target of $30.43.

The firm’s 50-day moving average is $30.64 and its 200-day moving average is $25.40. The stock’s market cap is $5.53 billion.

Murphy Oil Corp. (NYSE:MUR) last announced its earnings results on Wednesday, May 4th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.71) by $0.05. The company had revenue of $430.30 million for the quarter, compared to analyst estimates of $446.29 million. The firm’s revenue for the quarter was down 53.3% on a year-over-year basis. During the same period last year, the firm earned $0.02 earnings per share. On average, equities research analysts anticipate that Murphy Oil Corp. will post ($1.70) earnings per share for the current fiscal year.

In other news, VP John B. Gardner sold 1,246 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $29.39, for a total transaction of $36,619.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Allan J. Misner sold 7,163 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 100 shares in the company, valued at $2,939. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of MUR. Vanguard Group Inc. raised its position in 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 last quarter. Bank of The Ozarks raised its position in 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 last quarter. Old Mutual Global Investors UK Ltd. raised its position in 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 last quarter. New York State Common Retirement Fund raised its position in 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 last quarter. Finally, Comerica Bank raised its position in 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 last quarter.

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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