Murphy Oil Co. (MUR) Coverage Initiated by Analysts at KLR Group
Stock analysts at KLR Group began coverage on shares of Murphy Oil Co. (NYSE:MUR) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set a “buy” rating on the oil and gas producer’s stock.
MUR has been the subject of several other reports. Simmons raised their target price on Murphy Oil from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, April 19th. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, March 7th. Scotiabank set a $30.00 price target on Murphy Oil and gave the stock a “hold” rating in a research note on Monday, March 27th. Royal Bank of Canada set a $32.00 price target on Murphy Oil and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $38.00 price target (down from $42.00) on shares of Murphy Oil in a research note on Friday, April 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Murphy Oil presently has an average rating of “Hold” and an average price target of $34.71.
Murphy Oil (NYSE:MUR) opened at 26.46 on Wednesday. The firm’s market capitalization is $4.57 billion. The stock’s 50 day moving average price is $26.96 and its 200 day moving average price is $29.06. Murphy Oil has a 52-week low of $24.03 and a 52-week high of $35.19.
Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.01. The business had revenue of $544.70 million for the quarter, compared to analyst estimates of $529.61 million. Murphy Oil had a negative net margin of 14.73% and a negative return on equity of 4.54%. The firm’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.66) earnings per share. Analysts expect that Murphy Oil will post $0.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.78%. Murphy Oil’s dividend payout ratio (DPR) is -62.50%.
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A number of institutional investors have recently bought and sold shares of MUR. Ameritas Investment Partners Inc. acquired a new position in shares of Murphy Oil during the first quarter worth about $111,000. Mn Services Vermogensbeheer B.V. boosted its position in shares of Murphy Oil by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Murphy Oil during the fourth quarter worth about $171,000. Koch Industries Inc. acquired a new position in shares of Murphy Oil during the first quarter worth about $208,000. Finally, Contravisory Investment Management Inc. boosted its position in shares of Murphy Oil by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 7,946 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 1,914 shares in the last quarter. Institutional investors and hedge funds own 94.77% of the company’s stock.
Murphy Oil Company Profile
Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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