Shares of Murphy Oil Co. (NYSE:MUR) have earned an average rating of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.46.

Several research firms have recently weighed in on MUR. Zacks Investment Research raised shares of Murphy Oil from a “sell” rating to a “hold” rating and set a $33.00 price target for the company in a research note on Friday, March 8th. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. TheStreet raised shares of Murphy Oil from a “c+” rating to a “b” rating in a research note on Friday, February 1st. Credit Suisse Group set a $31.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research note on Thursday, February 14th. Finally, Goldman Sachs Group raised shares of Murphy Oil from a “sell” rating to a “neutral” rating and increased their price target for the company from $29.00 to $31.50 in a research note on Friday, April 12th.

Shares of Murphy Oil stock traded down $0.51 during mid-day trading on Tuesday, hitting $27.36. The stock had a trading volume of 2,398,485 shares, compared to its average volume of 1,819,973. Murphy Oil has a 12-month low of $21.51 and a 12-month high of $36.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 0.94. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 21.71 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. Murphy Oil had a net margin of 15.99% and a return on equity of 4.51%. The business had revenue of $692.01 million during the quarter, compared to analysts’ expectations of $668.85 million. During the same quarter in the prior year, the company posted $0.08 EPS. Equities analysts expect that Murphy Oil will post 1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.65%. Murphy Oil’s payout ratio is currently 79.37%.

In related news, VP John B. Gardner sold 8,364 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $28.94, for a total transaction of $242,054.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.46% of the company’s stock.

Several large investors have recently bought and sold shares of MUR. First Mercantile Trust Co. lifted its holdings in Murphy Oil by 109.2% during the 4th quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 710 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of Murphy Oil in the 4th quarter valued at $61,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Murphy Oil by 2,265.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock valued at $65,000 after purchasing an additional 1,449,640 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new position in shares of Murphy Oil in the 4th quarter valued at $117,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Murphy Oil during the 4th quarter worth $119,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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