Murphy Oil Corp. (NYSE:MUR) dropped 6.6% during mid-day trading on Monday . The stock traded as low as $25.53 and last traded at $25.61, with a volume of 2,365,346 shares changing hands. The stock had previously closed at $27.43.

Several brokerages recently issued reports on MUR. Barclays PLC raised their price objective on shares of Murphy Oil Corp. from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, April 8th. Zacks Investment Research downgraded shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Credit Suisse Group AG restated a “hold” rating on shares of Murphy Oil Corp. in a research report on Sunday, May 8th. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Finally, Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 20th. Two 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 company. Murphy Oil Corp. has a consensus rating of “Hold” and an average price target of $28.83.

The firm’s market cap is $4.41 billion. The firm’s 50 day moving average price is $30.07 and its 200 day moving average price is $26.34.

Murphy Oil Corp. (NYSE:MUR) last posted its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. During the same quarter in the prior year, the firm posted ($0.48) EPS. On average, analysts expect that Murphy Oil Corp. will post ($1.24) earnings per share for the current year.

In other Murphy Oil Corp. news, VP John B. Gardner sold 1,246 shares of Murphy Oil Corp. stock in a transaction that occurred on Monday, May 23rd. The shares were 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 SEC, which is accessible through this link. Also, VP Allan J. Misner sold 7,163 shares of Murphy Oil Corp. stock in a transaction that occurred 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 transaction, the vice president now directly owns 100 shares in the company, valued at approximately $2,939. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted 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 worth $1,693,000 after buying an additional 11,264 shares during the period. New York State Common Retirement Fund boosted its stake in Murphy Oil Corp. by 51.9% in the fourth quarter. New York State Common Retirement Fund now owns 620,027 shares of the company’s stock worth $13,920,000 after buying an additional 211,827 shares during the period. 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 worth $345,785,000 after buying an additional 247,212 shares during the period. Gulf International Bank UK Ltd boosted its stake in 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 worth $1,128,000 after buying an additional 500 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in Murphy Oil Corp. by 30.8% in the fourth quarter. Suntrust Banks Inc. now owns 62,678 shares of the company’s stock worth $1,405,000 after buying an additional 14,775 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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