Murphy Oil Co. (NYSE:MUR) has been assigned an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.83.
Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Cowen set a $34.00 price target on shares of Murphy Oil and gave the stock a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Stephens set a $37.00 price target on shares of Murphy Oil and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, ValuEngine lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Shares of Murphy Oil (NYSE MUR) traded up $0.66 during midday trading on Friday, reaching $25.92. 801,388 shares of the company’s stock traded hands, compared to its average volume of 2,416,153. The company has a quick ratio of 1.52, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. Murphy Oil has a 1-year low of $22.21 and a 1-year high of $35.16. The company has a market cap of $4,433.40, a price-to-earnings ratio of -14.03 and a beta of 2.39.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The business had revenue of $541.58 million during the quarter, compared to analyst estimates of $552.54 million. During the same period in the prior year, the business earned ($0.16) EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts expect that Murphy Oil will post 0.85 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Friday, February 16th. Murphy Oil’s dividend payout ratio (DPR) is -55.56%.
In related news, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the sale, the insider now directly owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.89% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. NuWave Investment Management LLC purchased a new stake in Murphy Oil during the 4th quarter valued at about $125,000. Acadian Asset Management LLC purchased a new stake in shares of Murphy Oil during the 4th quarter valued at about $197,000. Advisor Partners LLC purchased a new stake in shares of Murphy Oil during the 4th quarter valued at about $227,000. Advisor Group Inc. boosted its holdings in shares of Murphy Oil by 50.5% during the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Gofen & Glossberg LLC IL purchased a new stake in shares of Murphy Oil during the 4th quarter valued at about $220,000. 99.43% of the stock is currently owned by institutional investors.
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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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