Murphy Oil Corp. (MUR) Given Consensus Rating of “Hold” by Brokerages
Shares of Murphy Oil Corp. (NYSE:MUR) have earned a consensus recommendation of “Hold” from the fourteen research firms that are covering the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.22.
MUR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 20th. Barclays PLC reaffirmed an “overweight” rating and set a $42.00 price target on shares of Murphy Oil Corp. in a research report on Tuesday, August 2nd. Finally, Credit Agricole SA reaffirmed a “sell” rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th.
In related news, Director Robert Madison Murphy purchased 22,594 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $21.93 per share, for a total transaction of $495,486.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.39% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. British Columbia Investment Management Corp raised its stake in Murphy Oil Corp. by 20.0% in the third quarter. British Columbia Investment Management Corp now owns 73,456 shares of the company’s stock valued at $2,233,000 after buying an additional 12,246 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Murphy Oil Corp. by 8.9% in the third quarter. BNP Paribas Arbitrage SA now owns 12,721 shares of the company’s stock valued at $387,000 after buying an additional 1,040 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Murphy Oil Corp. during the second quarter valued at $208,000. Kentucky Retirement Systems acquired a new stake in Murphy Oil Corp. during the second quarter valued at $437,000. Finally, Mason Street Advisors LLC acquired a new stake in Murphy Oil Corp. during the second quarter valued at $692,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 1.98% during midday trading on Wednesday, hitting $28.71. 1,438,489 shares of the company’s stock were exchanged. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48. The stock’s 50 day moving average is $28.05 and its 200-day moving average is $29.27. The stock’s market cap is $4.94 billion.
Murphy Oil Corp. (NYSE:MUR) last released its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same period in the previous year, the firm earned ($0.48) EPS. Analysts predict that Murphy Oil Corp. will post ($1.32) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. Murphy Oil Corp.’s dividend payout ratio (DPR) is presently -7.24%.
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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