Murphy Oil (MUR) PT Raised to $34.00 at Barclays
Murphy Oil (NYSE:MUR) had its price objective upped by Barclays from $29.00 to $34.00 in a research report released on Friday. Barclays currently has an equal weight rating on the oil and gas producer’s stock.
A number of other analysts also recently issued reports on MUR. Morgan Stanley raised their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the company an underweight rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Murphy Oil from a hold rating to a buy rating and set a $28.00 price target on the stock in a report on Friday, October 27th. Credit Suisse Group started coverage on shares of Murphy Oil in a report on Monday, December 11th. They set a neutral rating and a $30.00 price target on the stock. Cowen set a $34.00 price target on shares of Murphy Oil and gave the company a hold rating in a report on Thursday, January 18th. Finally, Stephens set a $37.00 price target on shares of Murphy Oil and gave the company a buy rating in a report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Murphy Oil presently has a consensus rating of Hold and an average target price of $31.83.
Shares of Murphy Oil (NYSE:MUR) opened at $28.33 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. Murphy Oil has a 12 month low of $22.21 and a 12 month high of $35.16.
In related news, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were 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 SEC, which is available at this hyperlink. Company insiders own 6.89% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MUR. Advisor Group Inc. boosted its holdings in shares of Murphy Oil by 8.0% in the second 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 last quarter. Acadian Asset Management LLC purchased a new position in shares of Murphy Oil in the fourth quarter worth approximately $197,000. Murphy Pohlad Asset Management LLC purchased a new position in shares of Murphy Oil in the third quarter worth approximately $216,000. Gofen & Glossberg LLC IL purchased a new position in shares of Murphy Oil in the fourth quarter worth approximately $220,000. Finally, Advisor Partners LLC purchased a new position in shares of Murphy Oil in the fourth quarter worth approximately $227,000. 96.96% of the stock is currently owned by institutional investors.
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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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