Murphy Oil Corp. (NYSE:MUR) was down 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 research analysts have weighed in on the stock. Barclays PLC increased their price target on shares of Murphy Oil Corp. from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, April 8th. Credit Suisse Group AG reissued a “hold” rating on shares of Murphy Oil Corp. in a report on Sunday, May 8th. Goldman Sachs Group Inc. increased their price target on shares of Murphy Oil Corp. from $19.00 to $20.00 and gave the company a “sell” rating in a report on Thursday, May 5th. Zacks Investment Research cut shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Murphy Oil Corp. currently has an average rating of “Hold” and a consensus target price of $28.83.

The company has a 50-day moving average price of $29.97 and a 200 day moving average price of $26.40. The firm’s market cap is $4.49 billion.

Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.03. During the same quarter in the previous year, the firm earned ($0.48) EPS. Equities research analysts forecast that Murphy Oil Corp. will post ($1.26) EPS for the current year.

In related news, 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 transaction of $210,520.57. Following the sale, the vice president now directly owns 100 shares in the company, valued at approximately $2,939. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John B. Gardner sold 1,246 shares of the company’s 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 disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the stock. Gulf International Bank UK Ltd boosted its stake 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 worth $1,128,000 after buying an additional 500 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake 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 worth $1,149,000 after buying an additional 48,201 shares during the last quarter. Suntrust Banks Inc. boosted its stake 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 worth $1,405,000 after buying an additional 14,775 shares during the last quarter. US Bancorp DE boosted its stake in shares of 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 during the last quarter. Finally, Airain ltd boosted its stake in shares of 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 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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