Murphy Oil Corporation (NYSE:MUR)’s share price was down 5.4% on Friday . The stock traded as low as $23.29 and last traded at $23.46. Approximately 2,878,698 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 3,647,270 shares. The stock had previously closed at $24.79.

Several equities analysts have recently weighed in on MUR shares. Piper Jaffray Companies set a $23.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 25th. Scotiabank set a $27.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. BidaskClub upgraded 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 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $30.82.

The company has a 50-day moving average of $24.70 and a 200-day moving average of $25.94. The firm’s market capitalization is $4.05 billion.

Murphy Oil Corporation (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The business had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same period last year, the firm earned ($0.36) earnings per share. On average, equities analysts predict that Murphy Oil Corporation will post ($0.27) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. Murphy Oil Corporation’s dividend payout ratio is presently -454.55%.

In other Murphy Oil Corporation news, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the sale, the insider now directly owns 14,298 shares of the company’s stock, valued at $366,457.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the sale, the vice president now directly owns 100 shares in the company, valued at $2,605. The disclosure for this sale can be found here. 6.89% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Sentry Investment Management LLC raised its holdings in Murphy Oil Corporation by 1.0% during the second quarter. Sentry Investment Management LLC now owns 12,549 shares of the oil and gas producer’s stock valued at $322,000 after acquiring an additional 127 shares during the period. Toronto Dominion Bank raised its holdings in Murphy Oil Corporation by 25.6% during the second quarter. Toronto Dominion Bank now owns 54,965 shares of the oil and gas producer’s stock valued at $1,409,000 after acquiring an additional 11,218 shares during the period. Kalos Management Inc. raised its holdings in Murphy Oil Corporation by 3.8% during the second quarter. Kalos Management Inc. now owns 79,172 shares of the oil and gas producer’s stock valued at $2,029,000 after acquiring an additional 2,896 shares during the period. Bank of Nova Scotia raised its holdings in Murphy Oil Corporation by 57.2% during the second quarter. Bank of Nova Scotia now owns 630,292 shares of the oil and gas producer’s stock valued at $16,155,000 after acquiring an additional 229,388 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Murphy Oil Corporation during the second quarter valued at about $999,000. 97.68% of the stock is currently owned by institutional investors and hedge funds.

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About Murphy Oil Corporation

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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