Murphy Oil Corp. (NYSE:MUR) shot up 4.1% during mid-day trading on Friday . The stock traded as high as $27.69 and last traded at $27.67, with a volume of 3,358,494 shares traded. The stock had previously closed at $26.57.

Several brokerages have recently issued reports on MUR. Barclays PLC raised 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 report on Wednesday, July 13th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Raymond James Financial Inc. raised Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Murphy Oil Corp. in a report 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 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 issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $28.83.

The stock’s market capitalization is $4.72 billion. The stock’s 50 day moving average price is $30.18 and its 200 day moving average price is $26.17.

Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.03. During the same quarter last year, the business earned ($0.48) earnings per share. Equities research analysts expect that Murphy Oil Corp. will post ($1.24) EPS for the current fiscal year.

In other Murphy Oil Corp. news, 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 transaction, the vice president now directly owns 100 shares in the company, valued at $2,939. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $36,619.94. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. Airain ltd raised its position in Murphy Oil Corp. by 11.1% in the fourth quarter. Airain ltd now owns 128,036 shares of the company’s stock worth $2,874,000 after buying an additional 12,827 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in 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 worth $1,149,000 after buying an additional 48,201 shares in the last quarter. US Bancorp DE raised its position in Murphy Oil Corp. by 17.2% in the fourth quarter. US Bancorp DE now owns 108,227 shares of the company’s stock worth $2,430,000 after buying an additional 15,872 shares in the last quarter. Advisors Asset Management Inc. raised its position in Murphy Oil Corp. by 15,904.3% in the fourth quarter. Advisors Asset Management Inc. now owns 144,039 shares of the company’s stock worth $3,234,000 after buying an additional 143,139 shares in the last quarter. Finally, Eaton Vance Management raised its position in Murphy Oil Corp. by 21.7% in the fourth quarter. Eaton Vance Management now owns 175,199 shares of the company’s stock worth $3,933,000 after buying an additional 31,181 shares in 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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