Murphy Oil Corporation (NYSE:MUR) VP Allan J. Misner sold 3,795 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.05, for a total transaction of $98,859.75. Following the transaction, the vice president now directly owns 100 shares in the company, valued at $2,605. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Murphy Oil Corporation (NYSE MUR) opened at 25.87 on Tuesday. The firm’s market capitalization is $4.46 billion. The stock has a 50 day moving average price of $25.29 and a 200 day moving average price of $26.90. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The company had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same period in the prior year, the firm earned ($0.36) EPS. On average, analysts expect that Murphy Oil Corporation will post ($0.36) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.87%. Murphy Oil Corporation’s payout ratio is -454.55%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. raised its position in shares of Murphy Oil Corporation by 1,727.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 205,733 shares of the oil and gas producer’s stock worth $5,882,000 after buying an additional 194,473 shares during the period. Retirement Systems of Alabama raised its position in shares of Murphy Oil Corporation by 0.7% in the first quarter. Retirement Systems of Alabama now owns 225,039 shares of the oil and gas producer’s stock worth $6,434,000 after buying an additional 1,615 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Murphy Oil Corporation by 1.7% in the first quarter. Nisa Investment Advisors LLC now owns 131,994 shares of the oil and gas producer’s stock worth $3,774,000 after buying an additional 2,195 shares during the period. Everence Capital Management Inc. raised its position in shares of Murphy Oil Corporation by 71.0% in the first quarter. Everence Capital Management Inc. now owns 13,916 shares of the oil and gas producer’s stock worth $398,000 after buying an additional 5,780 shares during the period. Finally, DnB Asset Management AS raised its position in shares of Murphy Oil Corporation by 4.0% in the first quarter. DnB Asset Management AS now owns 12,977 shares of the oil and gas producer’s stock worth $371,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 96.16% of the company’s stock.

MUR has been the topic of several analyst reports. Credit Suisse Group reissued an “underperform” rating and set a $34.00 target price (down from $35.00) on shares of Murphy Oil Corporation in a research report on Friday, May 5th. BidaskClub raised shares of Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Cowen and Company set a $30.00 target price on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC increased their target price on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Finally, Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Murphy Oil Corporation has an average rating of “Hold” and an average target price of $31.50.

Murphy Oil Corporation Company Profile

Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

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