Murphy Oil Corp. (NYSE:MUR) has received an average rating of “Hold” from the fourteen analysts that are presently covering the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $27.22.
Several equities analysts recently commented on MUR shares. Raymond James Financial Inc. raised Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Barclays PLC raised Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $33.00 to $42.00 in a report on Wednesday, July 13th. Zacks Investment Research lowered Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Credit Agricole SA reissued a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th.
Murphy Oil Corp. (NYSE:MUR) opened at 28.98 on Wednesday. The stock’s market cap is $4.99 billion. The firm’s 50 day moving average price is $28.00 and its 200-day moving average price is $29.30. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48.
Murphy Oil Corp. (NYSE:MUR) last posted its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating the 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 period last year, the firm earned ($0.48) EPS. On average, equities analysts anticipate that Murphy Oil Corp. will post ($1.32) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. Murphy Oil Corp.’s dividend payout ratio (DPR) is -7.24%.
In other Murphy Oil Corp. news, Director Robert Madison Murphy bought 36,803 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was acquired at an average price of $24.16 per share, for a total transaction of $889,160.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.39% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. boosted its position in Murphy Oil Corp. by 10.8% in the first quarter. UBS Asset Management Americas Inc. now owns 688,918 shares of the company’s stock valued at $17,354,000 after buying an additional 67,002 shares in the last quarter. UBS Group AG boosted its position in Murphy Oil Corp. by 116.1% in the first quarter. UBS Group AG now owns 129,244 shares of the company’s stock valued at $3,256,000 after buying an additional 933,268 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Murphy Oil Corp. by 8,287.7% in the first quarter. Meeder Asset Management Inc. now owns 25,163 shares of the company’s stock valued at $633,000 after buying an additional 24,863 shares in the last quarter. Rafferty Asset Management LLC purchased a new position in Murphy Oil Corp. during the first quarter valued at about $1,012,000. Finally, State Street Corp boosted 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 in the last quarter. 92.58% of the stock is owned by hedge funds and other institutional investors.
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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