Brokerages forecast that Murphy Oil Co. (NYSE:MUR) will post sales of $598.31 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Murphy Oil’s earnings, with estimates ranging from $578.00 million to $608.50 million. Murphy Oil posted sales of $664.62 million during the same quarter last year, which suggests a negative year over year growth rate of 10%. The business is scheduled to issue its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Murphy Oil will report full year sales of $598.31 million for the current year, with estimates ranging from $2.19 billion to $2.70 billion. For the next year, analysts expect that the company will post sales of $2.43 billion per share, with estimates ranging from $2.21 billion to $2.66 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Murphy Oil.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The company had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. During the same period last year, the company earned ($0.16) earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year.
In other news, VP John B. Gardner sold 3,783 shares of Murphy Oil stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.84, for a total value of $105,318.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eugene T. Coleman sold 33,435 shares of Murphy Oil stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the completion of the transaction, the insider now owns 57,246 shares in the company, valued at $1,653,264.48. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of Murphy Oil in the fourth quarter worth about $4,323,000. AXA grew its position in Murphy Oil by 67.7% during the fourth quarter. AXA now owns 855,875 shares of the oil and gas producer’s stock worth $26,575,000 after buying an additional 345,635 shares in the last quarter. Geode Capital Management LLC grew its position in Murphy Oil by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 1,475,358 shares of the oil and gas producer’s stock worth $45,809,000 after buying an additional 102,446 shares in the last quarter. Assetmark Inc. grew its position in Murphy Oil by 739.8% during the fourth quarter. Assetmark Inc. now owns 12,227 shares of the oil and gas producer’s stock worth $380,000 after buying an additional 10,771 shares in the last quarter. Finally, BancorpSouth Bank acquired a new stake in Murphy Oil during the fourth quarter worth about $130,904,000. Institutional investors and hedge funds own 96.23% of the company’s stock.
Murphy Oil (MUR) opened at $26.21 on Wednesday. Murphy Oil has a 1-year low of $22.21 and a 1-year high of $35.16. The company has a current ratio of 1.64, a quick ratio of 1.60 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $4,520.00, a PE ratio of -14.56 and a beta of 2.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.82%. Murphy Oil’s payout ratio is presently -55.56%.
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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