Morgan Stanley set a $27.00 price objective on Murphy Oil (NYSE:MUR) in a research note published on Thursday, TipRanks reports. The brokerage currently has a sell rating on the oil and gas producer’s stock.
A number of other analysts have also weighed in on the stock. Stephens set a $40.00 target price on shares of Murphy Oil and gave the company a hold rating in a research report on Friday. TheStreet lowered shares of Murphy Oil from a b rating to a c rating in a research report on Tuesday. ValuEngine lowered shares of Murphy Oil from a hold rating to a sell rating in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Murphy Oil from a hold rating to a buy rating and set a $32.00 target price on the stock in a research report on Tuesday, April 16th. Finally, Goldman Sachs Group upgraded shares of Murphy Oil from a sell rating to a neutral rating and raised their target price for the company from $29.00 to $31.50 in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $34.96.
NYSE:MUR traded down $1.21 during mid-day trading on Thursday, reaching $26.66. The stock had a trading volume of 2,092,024 shares, compared to its average volume of 2,092,241. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 21.16 and a beta of 2.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.61 and a quick ratio of 1.56. Murphy Oil has a 12 month low of $21.51 and a 12 month high of $36.53.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The business had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $557.15 million. During the same period last year, the firm posted $0.23 earnings per share. The firm’s quarterly revenue was up 57.3% compared to the same quarter last year. As a group, analysts anticipate that Murphy Oil will post 1.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.75%. Murphy Oil’s dividend payout ratio (DPR) is presently 79.37%.
In other news, insider Thomas J. Mireles sold 7,400 shares of Murphy Oil stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $27.60, for a total transaction of $204,240.00. Following the transaction, the insider now owns 21,368 shares in the company, valued at $589,756.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John B. Gardner sold 8,364 shares of Murphy Oil stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.94, for a total transaction of $242,054.16. The disclosure for this sale can be found here. 6.46% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in shares of Murphy Oil during the first quarter worth $25,000. First Mercantile Trust Co. lifted its holdings in shares of Murphy Oil by 109.2% during the fourth quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 710 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Murphy Oil by 632.3% during the first quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock worth $58,000 after purchasing an additional 1,783 shares during the period. Enlightenment Research LLC acquired a new position in shares of Murphy Oil during the fourth quarter worth $61,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Murphy Oil by 2,265.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock worth $65,000 after purchasing an additional 1,449,640 shares during the period. Institutional investors own 86.83% of the company’s stock.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
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