Murphy Oil Co. (NYSE:MUR) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $34.45.
Several equities analysts have recently commented on MUR shares. Zacks Investment Research upgraded Murphy Oil from a “sell” rating to a “hold” rating and set a $33.00 price objective on the stock in a research report on Friday, March 8th. ValuEngine upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet upgraded Murphy Oil from a “c+” rating to a “b” rating in a research report on Friday, February 1st. Credit Suisse Group set a $31.00 price objective on Murphy Oil and gave the company a “hold” rating in a research report on Thursday, February 14th. Finally, MKM Partners started coverage on Murphy Oil in a research report on Wednesday, December 5th. They set a “buy” rating and a $44.00 price objective on the stock.
NYSE MUR traded down $1.40 during trading on Friday, reaching $29.57. The company’s stock had a trading volume of 10,746 shares, compared to its average volume of 1,736,304. The firm has a market capitalization of $5.32 billion, a P/E ratio of 23.44 and a beta of 2.21. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Murphy Oil has a one year low of $21.51 and a one year high of $36.53.
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, February 15th. Murphy Oil’s dividend payout ratio is presently 79.37%.
A number of hedge funds have recently modified their holdings of MUR. First Mercantile Trust Co. lifted its stake in shares of Murphy Oil by 109.2% in the 4th quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 710 shares during the period. Enlightenment Research LLC purchased a new position in shares of Murphy Oil in the 4th quarter valued at approximately $61,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Murphy Oil by 2,265.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock valued at $65,000 after purchasing an additional 1,449,640 shares during the period. Murphy Pohlad Asset Management LLC purchased a new position in shares of Murphy Oil in the 4th quarter valued at approximately $117,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Murphy Oil in the 4th quarter valued at approximately $119,000. Institutional investors own 86.04% of the company’s stock.
Murphy Oil Company Profile
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: United States, Canada, Malaysia, and Other. Its products include oil and gas liquids, natural gas, and synthetic oil. The company was founded by Charles H.
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