Murphy Oil Corp. (NYSE:MUR)’s share price fell 3.8% on Monday . The company traded as low as $27.80 and last traded at $27.92, with a volume of 1,940,252 shares traded. The stock had previously closed at $29.02.

A number of research firms have recently weighed in on MUR. Zacks Investment Research cut shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Goldman Sachs Group Inc. boosted their price objective on shares of Murphy Oil Corp. from $19.00 to $20.00 and gave the stock a “sell” rating in a research report on Thursday, May 5th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Credit Suisse Group AG reiterated a “hold” rating on shares of Murphy Oil Corp. in a research report on Sunday, May 8th. Finally, Barclays PLC upgraded shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $42.00 in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.83.

The firm has a 50-day moving average of $30.69 and a 200 day moving average of $26.02. The company’s market cap is $4.88 billion.

Murphy Oil Corp. (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.71) by $0.05. During the same quarter in the previous year, the business posted $0.02 EPS. The business earned $430.30 million during the quarter, compared to the consensus estimate of $446.29 million. The company’s revenue for the quarter was down 53.3% on a year-over-year basis. Equities research analysts anticipate that Murphy Oil Corp. will post ($1.35) earnings per share for the current year.

In other news, VP John B. Gardner sold 1,246 shares of Murphy Oil Corp. stock in a transaction 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 Murphy Oil Corp. stock in a transaction 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 owns 100 shares in the company, valued at approximately $2,939. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Gulf International Bank UK Ltd raised 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. TD Asset Management Inc. increased 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 period. Rhumbline Advisers increased its stake 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 during the period. PNC Financial Services Group Inc. increased its stake in 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. Finally, Airain ltd increased its stake in Murphy Oil Corp. by 11.1% in the fourth quarter. Airain ltd now owns 128,036 shares of the company’s stock valued at $2,874,000 after buying an additional 12,827 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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