Murphy Oil Co. (NYSE:MUR) was down 5% during trading on Thursday . The company traded as low as $23.70 and last traded at $23.72, approximately 2,760,255 shares changed hands during mid-day trading. An increase of 28% from the average daily volume of 2,152,102 shares. The stock had previously closed at $24.98.

A number of equities research analysts recently commented on MUR shares. Stephens set a $40.00 price objective on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, May 17th. TheStreet raised shares of Third Point Reinsurance from a “d+” rating to a “c-” rating in a research note on Tuesday, May 14th. Morgan Stanley set a $23.00 price objective on shares of Cabot Oil & Gas and gave the company a “hold” rating in a research note on Monday, June 24th. Evercore ISI lowered shares of PACCAR from an “outperform” rating to an “in-line” rating and upped their target price for the company from $73.00 to $76.00 in a report on Thursday, May 30th. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.04.

The company has a market cap of $4.30 billion, a price-to-earnings ratio of 18.83 and a beta of 1.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a fifty day moving average price of $24.53.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The business had revenue of $591.00 million for the quarter, compared to analyst estimates of $557.15 million. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The company’s revenue was up 57.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. As a group, research analysts anticipate that Murphy Oil Co. will post 1.3 earnings per share for the current year.

In other news, insider Thomas J. Mireles sold 7,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $27.60, for a total transaction of $204,240.00. Following the transaction, the insider now directly owns 21,368 shares in the company, valued at approximately $589,756.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.46% of the company’s stock.

Several hedge funds have recently made changes to their positions in MUR. WINTON GROUP Ltd grew its position in shares of Murphy Oil by 4.1% during the second quarter. WINTON GROUP Ltd now owns 362,518 shares of the oil and gas producer’s stock worth $8,936,000 after buying an additional 14,214 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Murphy Oil by 8.5% during the first quarter. Advisory Services Network LLC now owns 15,225 shares of the oil and gas producer’s stock worth $446,000 after buying an additional 1,187 shares in the last quarter. CNA Financial Corp grew its position in shares of Murphy Oil by 34.9% during the first quarter. CNA Financial Corp now owns 31,414 shares of the oil and gas producer’s stock worth $920,000 after buying an additional 8,135 shares in the last quarter. Phocas Financial Corp. acquired a new stake in shares of Murphy Oil during the first quarter worth approximately $7,114,000. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Murphy Oil during the first quarter worth approximately $358,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Murphy Oil (NYSE:MUR)

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

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