Murphy Oil Corporation (MUR) Receives Average Recommendation of “Hold” from Analysts
Murphy Oil Corporation (NYSE:MUR) has earned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $30.70.
Several equities analysts have issued reports on MUR shares. Cowen and Company set a $30.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, July 19th. Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 25th. Barclays PLC cut shares of Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $38.00 to $29.00 in a research report on Tuesday, July 11th. Zacks Investment Research cut shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th.
In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the sale, the vice president now directly owns 100 shares in the company, valued at $2,605. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the completion of the sale, the insider now owns 14,298 shares of the company’s stock, valued at $366,457.74. The disclosure for this sale can be found here. Corporate insiders own 6.89% of the company’s stock.
A number of large investors have recently bought and sold shares of MUR. BlackRock Inc. grew its holdings in Murphy Oil Corporation by 3,301.1% in the first quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock worth $340,153,000 after purchasing an additional 11,547,767 shares during the period. Dimensional Fund Advisors LP grew its holdings in Murphy Oil Corporation by 76.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,895,083 shares of the oil and gas producer’s stock worth $139,944,000 after purchasing an additional 2,126,206 shares during the period. AQR Capital Management LLC grew its holdings in Murphy Oil Corporation by 194.4% in the first quarter. AQR Capital Management LLC now owns 1,343,561 shares of the oil and gas producer’s stock worth $38,412,000 after purchasing an additional 887,174 shares during the period. FMR LLC grew its holdings in Murphy Oil Corporation by 4.7% in the second quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock worth $302,613,000 after purchasing an additional 529,291 shares during the period. Finally, State Street Corp grew its holdings in Murphy Oil Corporation by 4.6% in the second quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock worth $291,513,000 after purchasing an additional 503,190 shares during the period. Institutional investors and hedge funds own 97.64% of the company’s stock.
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Shares of Murphy Oil Corporation (NYSE MUR) traded down 0.12% during trading on Thursday, hitting $25.72. 1,537,924 shares of the stock were exchanged. Murphy Oil Corporation has a 52 week low of $22.21 and a 52 week high of $35.19. The firm’s 50 day moving average price is $25.13 and its 200-day moving average price is $25.71. The stock’s market cap is $4.44 billion.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. During the same period in the prior year, the company posted ($0.36) EPS. On average, analysts predict that Murphy Oil Corporation will post ($0.29) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, November 10th. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -454.55%.
Murphy Oil Corporation 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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