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

Segall Bryant & Hamill LLC lessened its stake in Murphy Oil Corporation (NYSE:MUR - Free Report) by 8.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 0.75% of Murphy Oil worth $30,406,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank increased its position in Murphy Oil by 342.8% in the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock valued at $25,000 after acquiring an additional 641 shares during the period. Riverview Trust Co acquired a new position in Murphy Oil in the 1st quarter valued at about $26,000. GeoWealth Management LLC acquired a new position in Murphy Oil in the 4th quarter valued at about $39,000. Byrne Asset Management LLC acquired a new position in Murphy Oil in the 1st quarter valued at about $44,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Murphy Oil by 177.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer's stock valued at $49,000 after acquiring an additional 1,104 shares during the period. Institutional investors and hedge funds own 78.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Mizuho cut Murphy Oil from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $32.00 to $31.00 in a research report on Tuesday, May 13th. Johnson Rice cut Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday, May 21st. Morgan Stanley reduced their target price on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a research note on Friday, May 23rd. UBS Group reduced their target price on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, KeyCorp reissued a "sector weight" rating on shares of Murphy Oil in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Murphy Oil presently has a consensus rating of "Hold" and an average target price of $29.46.

Murphy Oil Stock Down 2.5%

NYSE MUR traded down $0.63 during trading hours on Wednesday, hitting $24.32. The company had a trading volume of 2,177,673 shares, compared to its average volume of 2,397,293. Murphy Oil Corporation has a fifty-two week low of $18.95 and a fifty-two week high of $43.02. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 9.36 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.76 and a quick ratio of 0.69. The firm's 50 day moving average is $23.16 and its 200 day moving average is $25.30.

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

About Murphy Oil

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.