Murphy Oil Co. (NYSE:MUR) has earned a consensus rating of “Hold” from the fourteen analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $32.18.
Several equities analysts have weighed in on the company. Barclays raised their target price on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stephens set a $37.00 target price on Murphy Oil and gave the company a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Friday, October 27th. Finally, Cowen set a $34.00 target price on Murphy Oil and gave the company a “hold” rating in a report on Thursday, January 18th.
In other news, insider Eugene T. Coleman sold 33,435 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the sale, the insider now directly owns 57,246 shares of the company’s stock, valued at $1,653,264.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. Company insiders own 6.89% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MUR. Ameriprise Financial Inc. grew its position in Murphy Oil by 2.9% during the second quarter. Ameriprise Financial Inc. now owns 208,117 shares of the oil and gas producer’s stock worth $5,333,000 after buying an additional 5,962 shares in the last quarter. Advisor Group Inc. grew its position in Murphy Oil by 8.0% during the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 301 shares in the last quarter. Balyasny Asset Management LLC grew its position in Murphy Oil by 160.5% during the second quarter. Balyasny Asset Management LLC now owns 28,136 shares of the oil and gas producer’s stock worth $721,000 after buying an additional 17,336 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Murphy Oil during the second quarter worth about $236,000. Finally, Janus Henderson Group PLC grew its position in Murphy Oil by 23.0% during the second quarter. Janus Henderson Group PLC now owns 36,307 shares of the oil and gas producer’s stock worth $930,000 after buying an additional 6,779 shares in the last quarter. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Murphy Oil (NYSE:MUR) traded down $0.27 during midday trading on Wednesday, reaching $26.59. The company’s stock had a trading volume of 2,031,229 shares, compared to its average volume of 2,952,504. Murphy Oil has a one year low of $22.21 and a one year high of $35.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.60 and a current ratio of 1.64.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The company had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. During the same period last year, the company earned ($0.16) earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. analysts anticipate that Murphy Oil will post 0.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, February 16th. Murphy Oil’s dividend payout ratio is currently -55.56%.
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.
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