Murphy Oil Co. (NYSE:MUR) has been given an average rating of “Hold” by the sixteen analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $31.83.
Several research analysts have recently issued reports on the stock. UBS assumed coverage on shares of Murphy Oil in a report on Wednesday, March 7th. They set a “neutral” rating and a $28.00 price target for the company. Societe Generale upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Morgan Stanley upped their price target on shares of Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, January 24th. Stephens set a $37.00 price target on shares of Murphy Oil and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd.
NYSE MUR opened at $26.56 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.52 and a current ratio of 1.64. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.16.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to the consensus estimate of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.16) earnings per share. sell-side analysts forecast that Murphy Oil will post 0.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, May 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.77%. Murphy Oil’s payout ratio is -769.23%.
In related news, insider Eugene T. Coleman sold 33,435 shares of the 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 in the company, valued at $1,653,264.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MUR. NuWave Investment Management LLC acquired a new stake in Murphy Oil in the fourth quarter valued at $125,000. Acadian Asset Management LLC bought a new stake in Murphy Oil during the fourth quarter valued at $197,000. Advisor Group Inc. boosted its position in Murphy Oil by 50.5% during the fourth 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. Gofen & Glossberg LLC IL bought a new stake in Murphy Oil during the fourth quarter valued at $220,000. Finally, Signition LP bought a new stake in Murphy Oil during the fourth quarter valued at $226,000. Institutional investors and hedge funds own 96.97% 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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