Murphy Oil Corp. (NYSE:MUR)’s share price was down 2.9% during mid-day trading on Tuesday . The stock traded as low as $31.00 and last traded at $31.07, with a volume of 853,612 shares changing hands. The stock had previously closed at $32.00.

Several equities analysts recently issued reports on MUR shares. Zacks Investment Research upgraded shares of Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Tuesday, March 22nd. Simmons boosted their target price on shares of Murphy Oil Corp. to $17.00 in a report on Friday, March 25th. Barclays PLC boosted their target price on shares of Murphy Oil Corp. from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, April 8th. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Murphy Oil Corp. from $19.00 to $20.00 and gave the company a “sell” rating in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $30.23.

The company has a 50 day moving average of $30.84 and a 200-day moving average of $25.74. The firm’s market capitalization is $5.34 billion.

Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.05. The company earned $430.30 million during the quarter, compared to analysts’ expectations of $446.29 million. During the same quarter in the previous year, the business posted $0.02 EPS. The business’s quarterly revenue was down 53.3% compared to the same quarter last year. On average, analysts anticipate that Murphy Oil Corp. will post ($1.57) EPS for the current year.

In related news, VP John B. Gardner sold 1,246 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $29.39, for a total transaction of $36,619.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Allan J. Misner sold 7,163 shares of the business’s 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 sale, the vice president now owns 100 shares of the company’s stock, valued at approximately $2,939. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the company. BOKF NA boosted its stake in Murphy Oil Corp. by 45.0% in the fourth quarter. BOKF NA now owns 85,301 shares of the company’s stock valued at $1,915,000 after buying an additional 26,466 shares during the last quarter. Vanguard Group Inc. boosted its stake 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. TD Asset Management Inc. boosted its stake in Murphy Oil Corp. by 1.5% in the fourth quarter. TD Asset Management Inc. now owns 75,128 shares of the company’s stock valued at $1,687,000 after buying an additional 1,100 shares during the last quarter. US Bancorp DE boosted its stake in Murphy Oil Corp. by 17.2% in the fourth quarter. US Bancorp DE now owns 108,227 shares of the company’s stock valued at $2,430,000 after buying an additional 15,872 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Murphy Oil Corp. by 5.7% in the fourth quarter. California Public Employees Retirement System now owns 653,498 shares of the company’s stock valued at $14,671,000 after buying an additional 35,100 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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