TheStreet downgraded shares of Murphy Oil (NYSE:MUR) from a b rating to a c rating in a research note published on Tuesday morning, TheStreetRatingsTable reports.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Murphy Oil from a hold rating to a buy rating and set a $32.00 price objective for the company in a research note on Tuesday, April 16th. Credit Suisse Group set a $31.00 target price on shares of Murphy Oil and gave the stock a hold rating in a research report on Thursday, February 14th. ValuEngine upgraded shares of Murphy Oil from a sell rating to a hold rating in a research report on Monday, February 4th. Goldman Sachs Group upgraded shares of Murphy Oil from a sell rating to a neutral rating and increased their target price for the stock from $29.00 to $31.50 in a research report on Friday, April 12th. Finally, Morgan Stanley set a $23.00 target price on shares of Murphy Oil and gave the stock a sell rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Murphy Oil presently has a consensus rating of Hold and an average price target of $34.96.
Shares of MUR stock opened at $26.66 on Tuesday. Murphy Oil has a 52-week low of $21.51 and a 52-week high of $36.53. The firm has a market capitalization of $4.88 billion, a PE ratio of 21.16 and a beta of 2.14. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.67.
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 company had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $557.15 million. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue was up 57.3% on a year-over-year basis. As a group, equities research analysts forecast that Murphy Oil will post 1.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s payout ratio is presently 79.37%.
In other Murphy Oil news, insider Thomas J. Mireles sold 7,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $27.60, for a total value of $204,240.00. Following the completion of the sale, the insider now owns 21,368 shares in the company, valued at approximately $589,756.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John B. Gardner sold 8,364 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were 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. Company insiders own 6.46% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in shares of Murphy Oil in the 4th quarter valued at about $58,361,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Murphy Oil by 2,265.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock valued at $65,000 after purchasing an additional 1,449,640 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Murphy Oil by 326.2% in the 4th quarter. Millennium Management LLC now owns 1,604,044 shares of the oil and gas producer’s stock valued at $37,519,000 after purchasing an additional 1,227,727 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Murphy Oil by 247.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,271,880 shares of the oil and gas producer’s stock valued at $29,750,000 after purchasing an additional 905,542 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new position in shares of Murphy Oil in the 4th quarter valued at about $19,290,000. Hedge funds and other institutional investors own 86.83% of the company’s stock.
About Murphy Oil
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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