Murphy Oil Corporation (MUR) VP John B. Gardner Sells 3,783 Shares of Stock
Murphy Oil Corporation (NYSE:MUR) VP John B. Gardner sold 3,783 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Murphy Oil Corporation (MUR) opened at $27.89 on Tuesday. Murphy Oil Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $35.19. 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 Corporation (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. Murphy Oil Corporation had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) EPS. sell-side analysts forecast that Murphy Oil Corporation will post -0.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. Murphy Oil Corporation’s dividend payout ratio is -192.31%.
Several research analysts have weighed in on the stock. Zacks Investment Research cut shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Morgan Stanley increased their price target on shares of Murphy Oil Corporation from $23.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. Cowen and Company reissued a “hold” rating and issued a $30.00 price target on shares of Murphy Oil Corporation in a report on Sunday, September 17th. Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine cut shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Murphy Oil Corporation presently has an average rating of “Hold” and an average target price of $30.27.
Several hedge funds and other institutional investors have recently bought and sold shares of MUR. Advisor Group Inc. boosted its position in shares of Murphy Oil Corporation by 8.0% during the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 301 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Murphy Oil Corporation by 24.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after acquiring an additional 960 shares in the last quarter. ING Groep NV boosted its position in shares of Murphy Oil Corporation by 0.5% during the 2nd quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock worth $213,000 after acquiring an additional 39 shares in the last quarter. Murphy Pohlad Asset Management LLC acquired a new stake in shares of Murphy Oil Corporation during the 3rd quarter worth approximately $216,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Murphy Oil Corporation during the 3rd quarter worth approximately $230,000. Institutional investors and hedge funds own 98.36% of the company’s stock.
About Murphy Oil Corporation
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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