Murphy Oil Corp. Sees Unusually Large Options Volume (MUR)
Murphy Oil Corp. (NYSE:MUR) saw some unusual options trading on Friday. Investors purchased 13,879 call options on the stock, Stock Ratings Network reports. This is an increase of approximately 1,203% compared to the typical daily volume of 1,065 call options.
A number of analysts have recently weighed in on MUR shares. Analysts at Barclays cut their price target on shares of Murphy Oil Corp. from $69.00 to $65.00 in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil Corp. in a research note to investors on Thursday, January 30th. They now have a $63.00 price target on the stock. Finally, analysts at Iberia Capital initiated coverage on shares of Murphy Oil Corp. in a research note to investors on Tuesday, December 31st. They set a “sector perform” rating and a $70.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $68.10.
Murphy Oil Corp. (NYSE:MUR) traded up 3.69% on Friday, hitting $57.93. The stock had a trading volume of 5,947,774 shares. Murphy Oil Corp. has a 52 week low of $50.9154 and a 52 week high of $66.20. The stock has a 50-day moving average of $61.68 and a 200-day moving average of $61.42. The company has a market cap of $10.729 billion and a P/E ratio of 9.42.
Murphy Oil Corp. (NYSE:MUR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $1.21 by $0.25. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, analysts predict that Murphy Oil Corp. will post $5.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Thursday, February 13th.
Murphy Oil Corporation is a worldwide oil and gas exploration and production company with retail and wholesale gasoline marketing operations in the United States and refining and marketing operations in the United Kingdom.
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