Murphy Oil Corp. Insider Sells $197,375 in Stock (MUR)
Murphy Oil Corp. (NYSE:MUR) Insider Thomas J. Mireles sold 3,450 shares of the company’s stock on the open market in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $57.21, for a total transaction of $197,374.50. Following the sale, the insider now directly owns 3,307 shares in the company, valued at approximately $189,193. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Murphy Oil Corp. (NYSE:MUR) traded down 1.98% on Tuesday, hitting $58.87. 1,307,441 shares of the company’s stock traded hands. Murphy Oil Corp. has a 1-year low of $50.9154 and a 1-year high of $66.20. The stock’s 50-day moving average is $60.38 and its 200-day moving average is $61.41. The company has a market cap of $10.903 billion and a price-to-earnings ratio of 10.12.
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 consensus estimate of $1.21 by $0.25. During the same quarter in the previous year, the company posted $0.82 earnings per share. Analysts expect that Murphy Oil Corp. will post $5.66 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, February 13th.
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 on Monday, February 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Murphy Oil Corp. in a research note 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 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.10.
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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