Murphy Oil Corp. Given Consensus Recommendation of “Hold” by Brokerages (NYSE:MUR)
Murphy Oil Corp. (NYSE:MUR) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, American Banking News reports. Eight analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $68.10.
In other Murphy Oil Corp. news, Insider Thomas Mireles sold 3,450 shares of the stock on the open market in a transaction dated Thursday, February 13th. The shares were sold at an average price of $57.21, for a total transaction of $197,374.50. Following the completion of the transaction, the insider now directly owns 3,307 shares of the company’s stock, valued at approximately $189,193. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 0.16% on Friday, hitting $58.019. The stock had a trading volume of 660,111 shares. Murphy Oil Corp. has a 52 week low of $50.9154 and a 52 week high of $66.20. The stock’s 50-day moving average is $59.91 and its 200-day moving average is $61.33. The company has a market cap of $10.745 billion and a price-to-earnings ratio of 9.79.
Murphy Oil Corp. (NYSE:MUR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.96 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. Analysts expect that Murphy Oil Corp. will post $5.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders 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 2.15%. 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.
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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