Murphy Oil Corporation (NYSE:MUR) had its target price lowered by Credit Suisse Group from $35.00 to $34.00 in a report published on Monday, May 15th, StockTargetPrices.com reports. Credit Suisse Group currently has an underperform rating on the oil and gas producer’s stock.
Several other analysts have also recently issued reports on the stock. Scotiabank reaffirmed a hold rating and set a $30.00 price objective on shares of Murphy Oil Corporation in a research note on Thursday, May 4th. Royal Bank of Canada set a $32.00 price objective on shares of Murphy Oil Corporation and gave the stock a hold rating in a report on Tuesday, April 25th. Simmons increased their target price on shares of Murphy Oil Corporation from $31.00 to $33.00 and gave the stock a neutral rating in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a hold rating to a sell rating in a research report on Tuesday, April 18th. Finally, Barclays PLC raised their price objective on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a buy rating in a research report on Monday, April 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $34.89.
Shares of Murphy Oil Corporation (NYSE:MUR) traded up 4.23% on Monday, hitting $25.36. 5,663,078 shares of the company were exchanged. Murphy Oil Corporation has a 52-week low of $23.61 and a 52-week high of $35.19. The stock’s market capitalization is $4.38 billion. The firm’s 50-day moving average is $25.66 and its 200-day moving average is $28.50.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. Murphy Oil Corporation had a negative net margin of 0.89% and a negative return on equity of 2.61%. The business had revenue of $544.70 million for the quarter, compared to analysts’ expectations of $529.61 million. During the same period in the prior year, the company posted ($0.66) EPS. The firm’s revenue was up 26.6% on a year-over-year basis. Equities research analysts predict that Murphy Oil Corporation will post $0.12 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Monday, May 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, May 11th. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -999.90%.
Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Murphy Oil Corporation during the first quarter valued at approximately $111,000. Mn Services Vermogensbeheer B.V. boosted its stake in Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 178 shares during the period. Advisor Group Inc. boosted its stake in Murphy Oil Corporation by 28.2% in the third quarter. Advisor Group Inc. now owns 4,782 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 1,051 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Murphy Oil Corporation during the fourth quarter valued at approximately $171,000. Finally, Jacobi Capital Management LLC boosted its stake in shares of Murphy Oil Corporation by 17.9% in the third quarter. Jacobi Capital Management LLC now owns 6,558 shares of the oil and gas producer’s stock valued at $196,000 after buying an additional 997 shares during the period. Institutional investors own 96.55% of the company’s stock.
Murphy Oil Corporation 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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