Murphy Oil Co. (NYSE:MUR) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.50.
Several analysts have issued reports on the stock. Cowen set a $34.00 price objective on shares of Murphy Oil and gave the stock a “hold” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group assumed coverage on shares of Murphy Oil in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th.
Shares of Murphy Oil (MUR) traded down $0.39 during trading hours on Friday, hitting $34.30. 1,349,153 shares of the company were exchanged, compared to its average volume of 1,692,617. The company has a current ratio of 1.74, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. Murphy Oil has a 1 year low of $22.21 and a 1 year high of $35.16. The company has a market cap of $5,986.55, a P/E ratio of -67.25 and a beta of 2.24.
In other news, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $28.55, for a total transaction of $180,578.75. The disclosure for this sale can be found here. In the last three months, insiders acquired 25,500 shares of company stock valued at $5,100. 6.89% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Murphy Oil by 2.2% during the second quarter. BlackRock Inc. now owns 12,162,743 shares of the oil and gas producer’s stock worth $311,730,000 after acquiring an additional 265,161 shares during the period. FMR LLC increased its position in shares of Murphy Oil by 4.7% during the second 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 increased its position in shares of Murphy Oil by 4.6% during 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 acquiring an additional 503,190 shares during the period. Pzena Investment Management LLC increased its position in shares of Murphy Oil by 1.0% during the third quarter. Pzena Investment Management LLC now owns 9,609,282 shares of the oil and gas producer’s stock worth $255,223,000 after acquiring an additional 98,500 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of Murphy Oil by 4.4% during the third quarter. Wedge Capital Management L L P NC now owns 6,207,620 shares of the oil and gas producer’s stock worth $164,874,000 after acquiring an additional 260,467 shares during the period. 96.79% of the stock is currently owned by institutional investors and hedge funds.
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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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