Murphy Oil Co. (MUR) Receives Consensus Rating of “Hold” from Analysts

Murphy Oil Co. (NYSE:MUR) has been assigned a consensus rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $32.18.

A number of brokerages have commented on MUR. Morgan Stanley increased their price target on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Cowen set a $34.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Stephens set a $37.00 price target on shares of Murphy Oil and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

Murphy Oil (MUR) traded up $0.53 during mid-day trading on Wednesday, hitting $26.74. 1,385,309 shares of the company traded hands, compared to its average volume of 2,618,886. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.60 and a current ratio of 1.64. The company has a market capitalization of $4,711.24, a PE ratio of -14.80 and a beta of 2.25. Murphy Oil has a one year low of $22.21 and a one year high of $35.16.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The company had revenue of $541.58 million for the quarter, compared to analysts’ expectations of $552.54 million. During the same period in the prior year, the business earned ($0.16) earnings per share. Murphy Oil’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities analysts anticipate that Murphy Oil will post 0.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Friday, February 16th. Murphy Oil’s dividend payout ratio is presently -55.56%.

In related 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 filing with the Securities & Exchange Commission, 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 sale, the insider now owns 57,246 shares of the company’s stock, valued at $1,653,264.48. The disclosure for this sale can be found here. 6.89% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec increased its holdings in Murphy Oil by 11.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,300 shares of the oil and gas producer’s stock worth $995,000 after buying an additional 3,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Murphy Oil by 101.1% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,446 shares of the oil and gas producer’s stock valued at $2,641,000 after purchasing an additional 50,000 shares during the period. Shell Asset Management Co. grew its stake in shares of Murphy Oil by 103.3% during the 3rd quarter. Shell Asset Management Co. now owns 26,101 shares of the oil and gas producer’s stock valued at $1,485,000 after purchasing an additional 13,262 shares during the period. Magnetar Financial LLC bought a new stake in shares of Murphy Oil during the 3rd quarter valued at about $2,163,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Murphy Oil during the 3rd quarter valued at about $3,405,000. Institutional investors own 96.23% of the company’s stock.

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About Murphy Oil

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.

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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