Murphy Oil Co. (NYSE:MUR) shares gapped up before the market opened on Friday . The stock had previously closed at $25.73, but opened at $24.98. Murphy Oil shares last traded at $24.73, with a volume of 137,646 shares changing hands.

MUR has been the subject of a number of research analyst reports. KeyCorp initiated coverage on Murphy Oil in a research report on Monday, September 9th. They set an “overweight” rating and a $24.00 price target for the company. BMO Capital Markets initiated coverage on Murphy Oil in a research report on Monday, September 30th. They set an “outperform” rating and a $27.00 price target for the company. Credit Suisse Group dropped their price target on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. ValuEngine upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Piper Jaffray Companies set a $38.00 price target on Murphy Oil and gave the company a “hold” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.47.

The company has a market capitalization of $3.80 billion, a PE ratio of 19.65 and a beta of 2.04. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average of $21.02 and a two-hundred day moving average of $22.81.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.14. The company had revenue of $817.08 million for the quarter, compared to analysts’ expectations of $701.64 million. Murphy Oil had a return on equity of 3.21% and a net margin of 47.16%. Murphy Oil’s revenue for the quarter was up 66.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) EPS. Equities analysts forecast that Murphy Oil Co. will post 1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.04%. Murphy Oil’s dividend payout ratio (DPR) is currently 79.37%.

In other Murphy Oil news, SVP Thomas J. Mireles sold 1,368 shares of Murphy Oil stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.64, for a total value of $33,707.52. Following the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $492,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walentin Mirosh sold 1,360 shares of Murphy Oil stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $18.52, for a total value of $25,187.20. Following the completion of the transaction, the director now directly owns 25,365 shares in the company, valued at $469,759.80. The disclosure for this sale can be found here. 6.46% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. United Asset Strategies Inc. boosted its holdings in Murphy Oil by 3.8% in the second quarter. United Asset Strategies Inc. now owns 18,599 shares of the oil and gas producer’s stock worth $458,000 after acquiring an additional 675 shares in the last quarter. Robinson Value Management Ltd. purchased a new position in shares of Murphy Oil in the second quarter worth $1,788,000. Sawtooth Solutions LLC raised its stake in shares of Murphy Oil by 133.1% in the second quarter. Sawtooth Solutions LLC now owns 28,459 shares of the oil and gas producer’s stock worth $702,000 after purchasing an additional 16,252 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Murphy Oil by 12.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 100,000 shares of the oil and gas producer’s stock worth $2,465,000 after purchasing an additional 11,200 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Murphy Oil by 64.1% in the second quarter. First Trust Advisors LP now owns 471,302 shares of the oil and gas producer’s stock worth $11,618,000 after purchasing an additional 184,133 shares during the last quarter. 90.04% of the stock is currently owned by institutional investors and hedge funds.

About Murphy Oil (NYSE:MUR)

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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