Murphy Oil Co. (NYSE:MUR) gapped up prior to trading on Wednesday . The stock had previously closed at $32.48, but opened at $33.15. Murphy Oil shares last traded at $33.84, with a volume of 3551475 shares trading hands.
MUR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, April 11th. ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Societe Generale upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating in a research note on Thursday, March 29th. Finally, UBS Group initiated coverage on shares of Murphy Oil in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $28.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Murphy Oil currently has a consensus rating of “Hold” and a consensus target price of $31.56.
The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.40 and a current ratio of 1.51. The firm has a market cap of $5.65 billion, a PE ratio of -260.31 and a beta of 2.30.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $585.61 million during the quarter, compared to analysts’ expectations of $575.76 million. Murphy Oil had a negative net margin of 9.62% and a positive return on equity of 0.58%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share. sell-side analysts expect that Murphy Oil Co. will post 1.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.
Several institutional investors have recently bought and sold shares of MUR. Prudential Financial Inc. boosted its holdings in shares of Murphy Oil by 331.7% in the first quarter. Prudential Financial Inc. now owns 1,401,279 shares of the oil and gas producer’s stock valued at $36,209,000 after acquiring an additional 1,076,710 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Murphy Oil by 9.2% in the first quarter. Pzena Investment Management LLC now owns 10,601,453 shares of the oil and gas producer’s stock valued at $273,942,000 after acquiring an additional 897,601 shares in the last quarter. Aristotle Atlantic Partners LLC bought a new position in shares of Murphy Oil in the fourth quarter valued at approximately $19,892,000. Brandywine Global Investment Management LLC bought a new position in shares of Murphy Oil in the fourth quarter valued at approximately $15,400,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Murphy Oil by 102.9% in the fourth quarter. Two Sigma Advisers LP now owns 897,825 shares of the oil and gas producer’s stock valued at $27,877,000 after acquiring an additional 455,286 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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