Murphy Oil Co. (NYSE:MUR) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $30.10.
Several equities analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Murphy Oil in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Zacks Investment Research downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley boosted their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Finally, Cowen restated a “hold” rating and issued a $30.00 price target on shares of Murphy Oil in a research note on Sunday, September 17th.
In related news, Director Robert Madison Murphy sold 6,325 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 76,500 shares of company stock valued at $17,850. Insiders own 6.89% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Murphy Oil by 3.2% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 14,581,270 shares of the oil and gas producer’s stock worth $373,718,000 after purchasing an additional 445,500 shares in the last quarter. BlackRock Inc. grew its stake in shares of Murphy Oil by 2.2% during the second quarter. BlackRock Inc. now owns 12,162,743 shares of the oil and gas producer’s stock worth $311,730,000 after purchasing an additional 265,161 shares in the last quarter. FMR LLC lifted its position in Murphy Oil by 4.7% in the second quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock valued at $302,613,000 after acquiring an additional 529,291 shares during the last quarter. State Street Corp lifted its position in Murphy Oil by 4.6% in the second quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock valued at $291,513,000 after acquiring an additional 503,190 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its position in Murphy Oil by 1.0% in the third quarter. Pzena Investment Management LLC now owns 9,609,282 shares of the oil and gas producer’s stock valued at $255,223,000 after acquiring an additional 98,500 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Murphy Oil (NYSE:MUR) traded down $0.60 during trading on Tuesday, reaching $31.05. 1,910,009 shares of the company traded hands, compared to its average volume of 2,835,896. The firm has a market cap of $5,451.58, a P/E ratio of -60.88 and a beta of 2.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.60. Murphy Oil has a 12-month low of $22.21 and a 12-month high of $32.62.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million during the quarter, compared to the consensus estimate of $460.17 million. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. research analysts predict that Murphy Oil will post -0.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.22%. Murphy Oil’s payout ratio is currently -196.08%.
About Murphy Oil
Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.