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Murphy Oil (NYSE:MUR) EVP Billy H. Stobaugh sold 5,865 shares of the stock on the open market in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $64.66, for a total transaction of $379,230.90. Following the transaction, the executive vice president now directly owns 14,596 shares of the company’s stock, valued at approximately $943,777. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on MUR shares. Analysts at Deutsche Bank initiated coverage on shares of Murphy Oil in a research note on Tuesday, June 10th. They set a “hold” rating and a $76.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil in a research note on Friday, May 16th. They now have a $64.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Murphy Oil in a research note on Wednesday, May 7th. They now have a $45.00 price target on the stock, up previously from $44.00. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.50.

Murphy Oil (NYSE:MUR) traded down 0.29% on Wednesday, hitting $64.52. 777,122 shares of the company’s stock traded hands. Murphy Oil has a 52 week low of $51.2004 and a 52 week high of $66.20. The stock has a 50-day moving average of $61.98 and a 200-day moving average of $61.5. The company has a market cap of $11.578 billion and a P/E ratio of 13.17.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.96 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.96. Analysts expect that Murphy Oil will post $5.06 EPS for the current fiscal year.

Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom.

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