Murphy Oil Corp. Insider Unloads $191,614 in Stock (MUR)
Murphy Oil Corp. (NYSE:MUR) Insider Thomas J. Mireles unloaded 3,298 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $58.10, for a total value of $191,613.80. Following the transaction, the insider now directly owns 9 shares of the company’s stock, valued at approximately $523. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MUR has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Murphy Oil Corp. currently has a consensus rating of “Hold” and a consensus price target of $68.10.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 0.12% during mid-day trading on Friday, hitting $58.04. The stock had a trading volume of 840,037 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 $10.749 billion and a P/E ratio of 9.79.
Murphy Oil Corp. (NYSE:MUR) last announced its earnings results on Thursday, January 30th. The company reported $0.96 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.21 by $0.25. During the same quarter last 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. Stockholders 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.
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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