Murphy Oil Corp. (NYSE:MUR)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays PLC in a report issued on Monday. They presently have a $42.00 price target on the stock. Barclays PLC’s price target suggests a potential upside of 43.39% from the company’s previous close.
Several other research analysts have also issued reports on the company. Credit Agricole SA restated a “sell” rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Zacks Investment Research lowered Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Finally, Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. Murphy Oil Corp. presently has an average rating of “Hold” and a consensus target price of $26.30.
Murphy Oil Corp. (NYSE:MUR) opened at 29.29 on Monday. The company’s 50-day moving average price is $28.05 and its 200-day moving average price is $29.27. The company’s market cap is $5.04 billion. Murphy Oil Corp. has a 52-week low of $14.30 and a 52-week high of $37.48.
Murphy Oil Corp. (NYSE:MUR) last announced its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same quarter last year, the firm earned ($0.48) earnings per share. Equities research analysts expect that Murphy Oil Corp. will post ($1.32) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, November 9th. Murphy Oil Corp.’s payout ratio is presently -7.24%.
In other Murphy Oil Corp. news, Director Robert Madison Murphy purchased 22,594 shares of Murphy Oil Corp. stock in a transaction dated Monday, August 8th. The shares were acquired at an average cost of $21.93 per share, with a total value of $495,486.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.39% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Murphy Oil Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 15,366,952 shares of the company’s stock worth $487,900,000 after buying an additional 499,781 shares during the last quarter. FMR LLC increased its position in Murphy Oil Corp. by 0.9% in the second quarter. FMR LLC now owns 12,662,404 shares of the company’s stock valued at $402,031,000 after buying an additional 106,862 shares during the last quarter. State Street Corp increased its position in Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock valued at $266,760,000 after buying an additional 45,934 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Murphy Oil Corp. by 2.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 10,274,372 shares of the company’s stock valued at $326,211,000 after buying an additional 277,832 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Murphy Oil Corp. by 5.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,111,370 shares of the company’s stock valued at $162,286,000 after buying an additional 286,788 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Murphy Oil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil Corp. and related companies with MarketBeat.com's FREE daily email newsletter.