Murphy Oil Corporation (NYSE:MUR) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in Murphy Oil Corporation (NYSE:MUR - Free Report) by 8.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,070,650 shares of the oil and gas producer's stock after selling 95,549 shares during the period. Segall Bryant & Hamill LLC owned about 0.75% of Murphy Oil worth $30,406,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Headlands Technologies LLC raised its position in shares of Murphy Oil by 32.9% during the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after purchasing an additional 471 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Murphy Oil by 2.8% during the 1st quarter. Fifth Third Bancorp now owns 18,060 shares of the oil and gas producer's stock worth $513,000 after purchasing an additional 499 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Murphy Oil by 3.2% during the 1st quarter. Penserra Capital Management LLC now owns 17,367 shares of the oil and gas producer's stock worth $493,000 after purchasing an additional 532 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Murphy Oil by 32.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock worth $69,000 after purchasing an additional 565 shares during the last quarter. Finally, Xponance Inc. raised its holdings in Murphy Oil by 2.9% in the 4th quarter. Xponance Inc. now owns 19,916 shares of the oil and gas producer's stock valued at $603,000 after acquiring an additional 570 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on MUR. Scotiabank reiterated a "sector perform" rating and issued a $26.00 price objective (up previously from $22.00) on shares of Murphy Oil in a report on Friday, July 11th. Wells Fargo & Company set a $24.00 price objective on shares of Murphy Oil and gave the company an "equal weight" rating in a report on Thursday, June 26th. Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and cut their price objective for the company from $27.00 to $25.00 in a report on Thursday, May 15th. Johnson Rice downgraded shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Murphy Oil has an average rating of "Hold" and an average price target of $29.46.

Murphy Oil Trading Down 1.0%

Shares of NYSE MUR traded down $0.25 during midday trading on Friday, reaching $24.49. 2,131,367 shares of the stock were exchanged, compared to its average volume of 2,402,334. The company has a 50 day simple moving average of $23.35 and a 200 day simple moving average of $25.22. The stock has a market capitalization of $3.50 billion, a P/E ratio of 9.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.69 and a current ratio of 0.76. Murphy Oil Corporation has a twelve month low of $18.95 and a twelve month high of $41.98.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.47% and a return on equity of 6.81%. The firm had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. During the same quarter last year, the firm earned $0.85 EPS. The firm's revenue for the quarter was down 15.4% on a year-over-year basis. As a group, equities analysts expect that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, 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.