Murphy Oil Corp. (NYSE:MUR) declared a quarterly dividend on Wednesday, October 5th. Investors of record on Monday, November 14th will be paid a dividend of 0.25 per share on Thursday, December 1st. This represents a $1.00 annualized dividend and a yield of 3.35%.
Shares of Murphy Oil Corp. (NYSE:MUR) traded up 1.91% during trading on Wednesday, reaching $30.44. 1,475,449 shares of the company traded hands. Murphy Oil Corp. has a 12 month low of $14.30 and a 12 month high of $37.48. The firm’s market capitalization is $5.24 billion. The firm has a 50-day moving average price of $27.99 and a 200-day moving average price of $29.12.
Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same quarter last year, the business posted ($0.48) earnings per share. Equities research analysts anticipate that Murphy Oil Corp. will post ($1.32) EPS for the current year.
In other Murphy Oil Corp. news, Director Robert Madison Murphy acquired 22,594 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average price of $21.93 per share, with a total value of $495,486.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.39% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Euclid Advisors LLC bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $104,000. Advisor Group Inc. bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $116,000. National Asset Management Inc. bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $212,000. Advisor Partners LLC bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $222,000. Finally, Sei Investments Co. increased its position in shares of Murphy Oil Corp. by 43.8% in the second quarter. Sei Investments Co. now owns 7,064 shares of the company’s stock valued at $224,000 after buying an additional 2,151 shares during the period. Institutional investors own 92.61% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Barclays PLC restated an “overweight” rating and set a $42.00 price objective on shares of Murphy Oil Corp. in a research report on Tuesday, August 2nd. Credit Agricole SA restated a “sell” rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Zacks Investment Research cut shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Finally, Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.30.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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