Murphy Oil Corp. (MUR) Given Consensus Rating of “Hold” by Brokerages
Shares of Murphy Oil Corp. (NYSE:MUR) have been given an average recommendation of “Hold” by the fourteen research firms that are covering the company. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.22.
Several research firms have issued reports on MUR. Zacks Investment Research upgraded Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday. Barclays PLC reiterated an “overweight” rating and set a $42.00 price objective on shares of Murphy Oil Corp. in a research note on Tuesday, August 2nd. Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Finally, Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th.
In other news, Director Robert Madison Murphy purchased 36,803 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were acquired at an average price of $24.16 per share, for a total transaction of $889,160.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.39% of the stock is owned by corporate insiders.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/murphy-oil-corp-mur-given-consensus-rating-of-hold-by-brokerages.html
A number of institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of Murphy Oil Corp. by 19.7% in the first quarter. Aperio Group LLC now owns 114,136 shares of the company’s stock worth $2,875,000 after buying an additional 18,747 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Murphy Oil Corp. by 13.5% in the first quarter. TIAA CREF Investment Management LLC now owns 565,044 shares of the company’s stock worth $14,233,000 after buying an additional 67,283 shares during the period. Teachers Advisors Inc. boosted its position in shares of Murphy Oil Corp. by 4.0% in the first quarter. Teachers Advisors Inc. now owns 179,228 shares of the company’s stock worth $4,515,000 after buying an additional 6,919 shares during the period. Prudential Financial Inc. boosted its position in shares of Murphy Oil Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 372,819 shares of the company’s stock worth $9,391,000 after buying an additional 12,100 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Murphy Oil Corp. by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,824,582 shares of the company’s stock worth $121,531,000 after buying an additional 268,431 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 1.98% during midday trading on Wednesday, reaching $28.71. 1,438,489 shares of the company’s stock were exchanged. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48. The company’s market capitalization is $4.94 billion. The firm has a 50-day moving average of $28.05 and a 200-day moving average of $29.27.
Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same quarter last year, the company earned ($0.48) earnings per share. Equities analysts expect that Murphy Oil Corp. will post ($1.32) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, November 9th. Murphy Oil Corp.’s dividend payout ratio is -7.24%.
About Murphy Oil Corp.
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
Receive News & Ratings for Murphy Oil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil Corp. and related companies with MarketBeat.com's FREE daily email newsletter.