Murphy Oil Corporation (MUR) Given Average Rating of “Hold” by Brokerages
Murphy Oil Corporation (NYSE:MUR) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $30.70.
MUR has been the topic of several research reports. Barclays PLC cut shares of Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $38.00 to $29.00 in a research report on Tuesday, July 11th. Scotiabank set a $26.00 target price on shares of Murphy Oil Corporation and gave the company a “hold” rating in a report on Saturday, July 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 target price on shares of Murphy Oil Corporation in a report on Thursday, August 10th. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th.
In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the sale, the vice president now owns 100 shares of the company’s stock, valued at $2,605. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the sale, the insider now directly owns 14,298 shares in the company, valued at approximately $366,457.74. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Laurion Capital Management LP raised its holdings in Murphy Oil Corporation by 2,553.1% during the second quarter. Laurion Capital Management LP now owns 214,900 shares of the oil and gas producer’s stock worth $5,508,000 after purchasing an additional 206,800 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Murphy Oil Corporation by 10.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,028,206 shares of the oil and gas producer’s stock worth $26,353,000 after purchasing an additional 93,234 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Murphy Oil Corporation by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock worth $1,947,000 after purchasing an additional 11,755 shares in the last quarter. LSV Asset Management raised its holdings in Murphy Oil Corporation by 3.8% during the second quarter. LSV Asset Management now owns 1,130,900 shares of the oil and gas producer’s stock worth $28,984,000 after purchasing an additional 41,663 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Murphy Oil Corporation by 271.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,446 shares of the oil and gas producer’s stock worth $1,267,000 after purchasing an additional 36,133 shares in the last quarter. 97.62% of the stock is currently owned by institutional investors.
Murphy Oil Corporation (NYSE:MUR) traded down 0.712% during midday trading on Thursday, hitting $25.815. 1,227,510 shares of the stock traded hands. The company’s 50-day moving average is $25.33 and its 200 day moving average is $25.68. Murphy Oil Corporation has a 12-month low of $22.21 and a 12-month high of $35.19. The firm’s market cap is $4.45 billion.
Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The business had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same quarter in the prior year, the company earned ($0.36) earnings per share. On average, analysts anticipate that Murphy Oil Corporation will post ($0.29) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.85%. Murphy Oil Corporation’s payout ratio is currently -454.55%.
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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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