Murphy Oil Corp. (NYSE:MUR) shares saw unusually-high trading volume on Thursday . Approximately 5,182,764 shares were traded during mid-day 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.

MUR has been the subject of a number of research reports. Barclays PLC raised shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $33.00 to $42.00 in a report on Wednesday, July 13th. Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Zacks Investment Research raised shares of Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, April 1st. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Finally, Simmons raised their price target on shares of Murphy Oil Corp. to $17.00 in a report on Friday, March 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.83.

The company’s market cap is $5.00 billion. The company has a 50 day moving average price of $30.74 and a 200 day moving average price of $25.88.

Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.71) by $0.05. During the same period last year, the business posted $0.02 earnings per share. The business had revenue of $430.30 million for the quarter, compared to analysts’ expectations of $446.29 million. The company’s revenue was down 53.3% compared to the same quarter last year. Equities research analysts predict that Murphy Oil Corp. will post ($1.41) EPS for the current year.

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

Other hedge funds and institutional investors have recently modified their holdings of the company. Gulf International Bank UK Ltd increased its position in shares of Murphy Oil Corp. by 1.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 50,267 shares of the company’s stock valued at $1,128,000 after buying an additional 500 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Murphy Oil Corp. by 1,615.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 51,184 shares of the company’s stock valued at $1,149,000 after buying an additional 48,201 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Murphy Oil Corp. by 30.8% in the fourth quarter. Suntrust Banks Inc. now owns 62,678 shares of the company’s stock valued at $1,405,000 after buying an additional 14,775 shares during the last quarter. TD Asset Management Inc. increased 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 last quarter. Finally, PNC Financial Services Group Inc. increased 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 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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