Murphy Oil Corp. (MUR) Trading 3.1% Higher
Murphy Oil Corp. (NYSE:MUR)’s share price traded up 3.1% on Wednesday . The company traded as high as $26.17 and last traded at $25.98, with a volume of 1,977,405 shares. The stock had previously closed at $25.19.
A number of equities analysts have weighed in on the company. Barclays PLC reaffirmed an “overweight” rating and set a $42.00 price target on shares of Murphy Oil Corp. in a research report on Tuesday, August 2nd. Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a research note on Tuesday, August 16th. Zacks Investment Research cut Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Finally, Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.30.
The company’s 50-day moving average price is $27.87 and its 200 day moving average price is $28.80. The stock’s market cap is $4.55 billion.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same period in the previous year, the firm earned ($0.48) earnings per share. On average, equities research analysts predict that Murphy Oil Corp. will post ($1.29) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.79%. Murphy Oil Corp.’s dividend payout ratio (DPR) is presently -7.24%.
In other news, Director Robert Madison Murphy acquired 22,594 shares of Murphy Oil Corp. stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $21.93 per share, with a total value of $495,486.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.39% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Murphy Oil Corp. during the second quarter valued at about $208,000. Kentucky Retirement Systems bought a new position in shares of Murphy Oil Corp. during the second quarter valued at about $437,000. Mason Street Advisors LLC bought a new position in shares of Murphy Oil Corp. during the second quarter valued at about $692,000. IFP Advisors Inc boosted its position in shares of Murphy Oil Corp. by 6.4% in the second quarter. IFP Advisors Inc now owns 15,365 shares of the company’s stock valued at $488,000 after buying an additional 927 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Murphy Oil Corp. by 0.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 31,272 shares of the company’s stock valued at $993,000 after buying an additional 89 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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