Murphy Oil Corp. (NYSE:MUR) – Equities research analysts at Credit Agricole SA issued their Q3 2016 earnings estimates for shares of Murphy Oil Corp. in a report released on Wednesday. Credit Agricole SA analyst A. Sen forecasts that the firm will post earnings of ($0.25) per share for the quarter. Credit Agricole SA currently has a “Sell” rating on the stock.
A number of other analysts also recently issued reports on MUR. 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. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Barclays PLC upgraded shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $33.00 to $42.00 in a report on Wednesday, July 13th. Finally, Zacks Investment Research downgraded shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.80.
Murphy Oil Corp. (NYSE:MUR) traded down 0.66% during mid-day trading on Thursday, reaching $28.53. 1,093,762 shares of the company’s stock were exchanged. Murphy Oil Corp. has a 52-week low of $14.30 and a 52-week high of $37.48. The company has a 50-day moving average of $28.01 and a 200-day moving average of $29.27. The stock’s market cap is $4.91 billion.
Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the Zacks’ 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 period in the prior year, the company posted ($0.48) earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. Murphy Oil Corp.’s dividend payout ratio (DPR) is currently -7.24%.
In related news, Director Robert Madison Murphy bought 22,594 shares of the company’s stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $21.93 per share, for a total transaction of $495,486.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.39% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC raised its stake in shares of Murphy Oil Corp. by 19.7% in the first quarter. Aperio Group LLC now owns 114,136 shares of the company’s stock valued at $2,875,000 after buying an additional 18,747 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Murphy Oil Corp. by 13.5% in the first quarter. TIAA CREF Investment Management LLC now owns 565,044 shares of the company’s stock valued at $14,233,000 after buying an additional 67,283 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Murphy Oil Corp. by 4.0% in the first quarter. Teachers Advisors Inc. now owns 179,228 shares of the company’s stock valued at $4,515,000 after buying an additional 6,919 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Murphy Oil Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 372,819 shares of the company’s stock valued at $9,391,000 after buying an additional 12,100 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Murphy Oil Corp. by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,824,582 shares of the company’s stock valued at $121,531,000 after buying an additional 268,431 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.
About Murphy Oil Corp.
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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