Credit Suisse Group assumed coverage on shares of Murphy Oil (NYSE:MUR) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued a neutral rating and a $30.00 target price on the oil and gas producer’s stock.

Several other research analysts also recently commented on MUR. BidaskClub downgraded Murphy Oil from a hold rating to a sell rating in a report on Thursday, August 17th. ValuEngine downgraded Murphy Oil from a hold rating to a sell rating in a report on Wednesday, August 23rd. Morgan Stanley boosted their price objective on Murphy Oil from $23.00 to $26.00 and gave the company an underweight rating in a research note on Wednesday, October 18th. Zacks Investment Research raised Murphy Oil from a hold rating to a buy rating and set a $28.00 price objective on the stock in a research note on Friday, October 27th. Finally, Cowen reissued a hold rating and issued a $30.00 price objective on shares of Murphy Oil in a research note on Sunday, September 17th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Murphy Oil has a consensus rating of Hold and a consensus price target of $29.91.

Murphy Oil (NYSE:MUR) opened at $28.42 on Monday. Murphy Oil has a twelve month low of $22.21 and a twelve month high of $33.61. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. The firm had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million. Murphy Oil had a negative return on equity of 1.25% and a negative net margin of 4.15%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. analysts predict that Murphy Oil will post -0.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, November 10th. Murphy Oil’s dividend payout ratio is -196.08%.

In related news, VP John B. Gardner sold 3,783 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was 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 SEC, which is available through the SEC website. Also, Director Robert Madison Murphy sold 6,325 shares of the company’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 value of $180,578.75. The disclosure for this sale can be found here. Insiders bought a total of 76,500 shares of company stock worth $17,850 over the last three months. 6.89% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of MUR. Advisor Group Inc. raised its stake in Murphy Oil 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 buying an additional 301 shares during the period. Daiwa Securities Group Inc. increased its holdings in Murphy Oil 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 purchasing an additional 960 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in Murphy Oil during the 3rd quarter worth approximately $216,000. Commerzbank Aktiengesellschaft FI bought a new stake in Murphy Oil during the 3rd quarter worth approximately $230,000. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Murphy Oil by 75.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,060 shares of the oil and gas producer’s stock worth $233,000 after purchasing an additional 3,890 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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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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