Murphy Oil Corp. (MUR) Receives Overweight Rating from Barclays PLC
MUR has been the subject of several other reports. Raymond James Financial Inc. raised Murphy Oil Corp. from an underperform rating to a market perform rating in a research report on Monday, June 20th. Zacks Investment Research cut Murphy Oil Corp. from a buy rating to a hold rating in a report on Thursday, August 11th. JPMorgan Chase & Co. reissued a hold rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Finally, Credit Agricole SA reissued a sell rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and an average target price of $26.30.
Murphy Oil Corp. (NYSE:MUR) traded down 2.44% during trading on Monday, hitting $29.53. 356,377 shares of the stock traded hands. Murphy Oil Corp. has a 52 week low of $14.30 and a 52 week high of $37.48. The firm’s 50-day moving average is $28.04 and its 200 day moving average is $29.27. The stock’s market cap is $5.09 billion.
Murphy Oil Corp. (NYSE:MUR) last issued its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping 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 in the previous year, the company earned ($0.48) earnings per share. Equities research analysts forecast that Murphy Oil Corp. will post ($1.32) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. Murphy Oil Corp.’s payout ratio is currently -7.24%.
In related news, Director Robert Madison Murphy bought 36,803 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average cost of $24.16 per share, for a total transaction of $889,160.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.39% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Murphy Oil Corp. by 1,602.9% in the second quarter. Principal Financial Group Inc. now owns 4,162,682 shares of the company’s stock valued at $132,165,000 after buying an additional 3,918,233 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in Murphy Oil Corp. by 128,811.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,059,998 shares of the company’s stock valued at $65,405,000 after buying an additional 2,058,400 shares during the last quarter. AXA raised its position in Murphy Oil Corp. by 25,163.1% in the second quarter. AXA now owns 1,064,587 shares of the company’s stock valued at $33,801,000 after buying an additional 1,060,373 shares during the last quarter. UBS Group AG raised 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 during the last quarter. Finally, Vanguard Group Inc. raised its position in Murphy Oil Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 15,366,952 shares of the company’s stock valued at $487,900,000 after buying an additional 499,781 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.
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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