Shares of Murphy Oil Corp. (NYSE:MUR) saw an uptick in trading volume on Thursday . 5,182,764 shares changed hands during trading, an increase of 47% from the previous session’s volume of 3,521,138 shares.The stock last traded at $29.10 and had previously closed at $30.61.

Several brokerages have recently commented on MUR. Barclays PLC upgraded Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $42.00 in a research note on Wednesday, July 13th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Credit Suisse Group AG reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Sunday, May 8th. Finally, Goldman Sachs Group Inc. lifted their target price on Murphy Oil Corp. from $19.00 to $20.00 and gave the stock a “sell” rating in a research note on Thursday, May 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.23.

The company’s market capitalization is $5.01 billion. The firm’s 50-day moving average is $30.79 and its 200 day moving average is $25.84.

Murphy Oil Corp. (NYSE:MUR) last released its earnings results 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. During the same period in the prior year, the company earned $0.02 earnings per share. The business earned $430.30 million during the quarter, compared to the consensus estimate of $446.29 million. The business’s revenue was down 53.3% on a year-over-year basis. Equities analysts anticipate that Murphy Oil Corp. will post ($1.42) earnings per share for the current fiscal year.

In other news, VP John B. Gardner sold 1,246 shares of the company’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 value of $36,619.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Allan J. Misner sold 7,163 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were 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 directly owns 100 shares of the company’s stock, valued at $2,939. The disclosure for this sale can be found here.

Several institutional investors have added to or reduced their stakes in MUR. Russell Frank Co raised its position in Murphy Oil Corp. by 34.8% in the fourth quarter. Russell Frank Co now owns 358,981 shares of the company’s stock valued at $7,879,000 after buying an additional 92,742 shares in the last quarter. Rhumbline Advisers raised its position in Murphy Oil Corp. by 2.2% in the fourth quarter. Rhumbline Advisers now owns 239,487 shares of the company’s stock valued at $5,376,000 after buying an additional 5,226 shares in the last quarter. TD Asset Management Inc. raised its position in shares of 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 period. California Public Employees Retirement System raised its position in shares of 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 period. Finally, PNC Financial Services Group Inc. raised its position in shares of Murphy Oil Corp. by 17.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 75,432 shares of the company’s stock valued at $1,693,000 after buying an additional 11,264 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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