Murphy Oil Corporation (MUR) Receives $31.50 Consensus Target Price from Brokerages
Murphy Oil Corporation (NYSE:MUR) has earned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $30.70.
MUR has been the subject of a number of recent analyst reports. Piper Jaffray Companies set a $23.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday. Scotiabank set a $27.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Credit Suisse Group reaffirmed an “underperform” rating and set a $34.00 target price (down previously from $35.00) on shares of Murphy Oil Corporation in a report on Friday, May 5th. BidaskClub raised Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Cowen and Company set a $30.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a report on Wednesday, July 19th.
Murphy Oil Corporation (MUR) traded down 0.73% during mid-day trading on Wednesday, reaching $23.15. 1,978,515 shares of the company’s stock traded hands. Murphy Oil Corporation has a 1-year low of $22.72 and a 1-year high of $35.19. The firm has a 50 day moving average of $25.14 and a 200 day moving average of $26.25. The firm’s market cap is $4.00 billion.
Murphy Oil Corporation (NYSE:MUR) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The business had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same quarter in the previous year, the firm earned ($0.36) EPS. Analysts forecast that Murphy Oil Corporation will post ($0.27) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Thursday, August 10th. Murphy Oil Corporation’s payout ratio is -454.55%.
In other news, VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the transaction, the vice president now owns 100 shares of the company’s stock, valued at $2,605. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $25.63, for a total value of $102,520.00. Following the transaction, the insider now directly owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The disclosure for this sale can be found here. Insiders have sold 8,795 shares of company stock valued at $225,390 in the last three months. 6.89% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MUR. Sentry Investment Management LLC raised its position in shares of Murphy Oil Corporation by 1.0% in the second quarter. Sentry Investment Management LLC now owns 12,549 shares of the oil and gas producer’s stock valued at $322,000 after buying an additional 127 shares during the last quarter. Toronto Dominion Bank raised its position in shares of Murphy Oil Corporation by 25.6% in the second quarter. Toronto Dominion Bank now owns 54,965 shares of the oil and gas producer’s stock valued at $1,409,000 after buying an additional 11,218 shares during the last quarter. Kalos Management Inc. raised its position in shares of Murphy Oil Corporation by 3.8% in the second quarter. Kalos Management Inc. now owns 79,172 shares of the oil and gas producer’s stock valued at $2,029,000 after buying an additional 2,896 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Murphy Oil Corporation by 57.2% in the second quarter. Bank of Nova Scotia now owns 630,292 shares of the oil and gas producer’s stock valued at $16,155,000 after buying an additional 229,388 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Murphy Oil Corporation during the second quarter valued at approximately $999,000. 96.68% of the stock is owned by institutional investors.
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Murphy Oil Corporation Company Profile
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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