Murphy Oil Corporation (NYSE:MUR) was the target of unusually large options trading on Wednesday. Stock investors bought 3,119 put options on the stock. This is an increase of approximately Infinity compared to the typical daily volume of 0 put options.

A number of equities analysts have issued reports on the company. Cowen and Company reiterated a “hold” rating and set a $30.00 target price on shares of Murphy Oil Corporation in a report on Sunday, September 17th. Zacks Investment Research cut Murphy Oil Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Piper Jaffray Companies set a $23.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.08.

Murphy Oil Corporation (NYSE MUR) opened at $27.60 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.74 and a debt-to-equity ratio of 0.58.

Murphy Oil Corporation (NYSE:MUR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.11. Murphy Oil Corporation had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm had revenue of $498.31 million for the quarter, compared to analysts’ expectations of $460.17 million. During the same quarter last year, the company earned ($0.18) EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts predict that Murphy Oil Corporation will post -0.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. Murphy Oil Corporation’s dividend payout ratio is currently -196.08%.

In related news, 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 sale, the insider now owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the sale, the vice president now directly owns 100 shares in the company, valued at approximately $2,605. The disclosure for this sale can be found here. Company insiders own 6.89% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MUR. BlackRock Inc. boosted its stake in Murphy Oil Corporation by 3,301.1% during the 1st 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 last quarter. Principal Financial Group Inc. boosted its stake in Murphy Oil Corporation by 171.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,018,113 shares of the oil and gas producer’s stock worth $27,041,000 after purchasing an additional 642,930 shares during the last quarter. FMR LLC raised its holdings in shares of Murphy Oil Corporation by 4.7% during the 2nd quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock worth $302,613,000 after acquiring an additional 529,291 shares during the period. State Street Corp raised its holdings in shares of Murphy Oil Corporation by 4.6% during the 2nd quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock worth $291,513,000 after acquiring an additional 503,190 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Murphy Oil Corporation by 1,024.5% during the 2nd quarter. SG Americas Securities LLC now owns 547,167 shares of the oil and gas producer’s stock worth $14,024,000 after acquiring an additional 498,507 shares during the period. 97.99% of the stock is currently owned by institutional investors.

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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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