Cowen set a $34.00 target price on Murphy Oil (NYSE:MUR) in a research report released on Thursday, January 18th. The brokerage currently has a hold rating on the oil and gas producer’s stock.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Murphy Oil from a buy rating to a hold rating in a report on Monday, October 30th. Credit Suisse Group assumed coverage on Murphy Oil in a research note on Monday, December 11th. They issued a neutral rating and a $30.00 price target for the company. Finally, Morgan Stanley increased their price target on Murphy Oil from $23.00 to $26.00 and gave the company an underweight rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $31.83.
Shares of Murphy Oil (NYSE:MUR) traded up $0.96 during mid-day trading on Thursday, hitting $27.30. The company had a trading volume of 2,264,023 shares, compared to its average volume of 2,661,573. The company has a current ratio of 1.64, a quick ratio of 1.60 and a debt-to-equity ratio of 0.63. Murphy Oil has a twelve month low of $22.21 and a twelve month high of $35.16. The company has a market cap of $4,550.00, a P/E ratio of -15.17 and a beta of 2.30.
Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The business had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. analysts anticipate that Murphy Oil will post 0.85 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 3.66%. Murphy Oil’s payout ratio is currently -55.56%.
In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the completion of the sale, the insider now directly owns 57,246 shares of the company’s stock, valued at $1,653,264.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. NuWave Investment Management LLC purchased a new position in shares of Murphy Oil in the fourth quarter valued at $125,000. Advisor Group Inc. grew its position in shares of Murphy Oil by 8.0% in the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 301 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Murphy Oil during the fourth quarter valued at $197,000. Advisor Partners LLC bought a new stake in Murphy Oil during the fourth quarter valued at $227,000. Finally, Gofen & Glossberg LLC IL bought a new stake in Murphy Oil during the fourth quarter valued at $220,000. Institutional investors own 96.23% of the company’s stock.
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Murphy Oil Company Profile
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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