Murphy Oil (MUR) Stock Price Down 5.5%

Shares of Murphy Oil Co. (NYSE:MUR) were down 5.5% during trading on Thursday . The stock traded as low as $26.37 and last traded at $26.42. Approximately 2,237,652 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 2,054,833 shares. The stock had previously closed at $27.95.

Several analysts have recently commented on MUR shares. National Alliance Securities raised Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Credit Suisse Group raised their target price on Murphy Oil from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, October 11th. Morgan Stanley reiterated a “sell” rating and set a $30.00 price objective (up from $24.00) on shares of Murphy Oil in a report on Friday, October 12th. Zacks Investment Research upgraded Murphy Oil from a “strong sell” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a report on Tuesday, October 16th. Finally, Mizuho upgraded Murphy Oil from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Friday, October 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.75.

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.04 and a quick ratio of 1.47. The firm has a market capitalization of $4.82 billion, a PE ratio of 20.97 and a beta of 2.19.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.04. Murphy Oil had a return on equity of 4.51% and a net margin of 15.99%. The business had revenue of $692.01 million during the quarter, compared to analyst estimates of $668.85 million. During the same period last year, the company earned $0.08 earnings per share. Sell-side analysts expect that Murphy Oil Co. will post 0.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Tuesday, February 19th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 15th. This represents a $1.00 annualized dividend and a yield of 3.79%. Murphy Oil’s dividend payout ratio (DPR) is currently 79.37%.

In other Murphy Oil news, insider Kelli M. Hammock sold 2,595 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $31.56, for a total transaction of $81,898.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Claiborne P. Deming bought 10,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were bought at an average price of $31.60 per share, for a total transaction of $316,000.00. The disclosure for this purchase can be found here. 6.59% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama raised its holdings in Murphy Oil by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 210,915 shares of the oil and gas producer’s stock valued at $4,933,000 after buying an additional 702 shares in the last quarter. First Mercantile Trust Co. raised its holdings in 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 valued at $32,000 after buying an additional 710 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Murphy Oil by 1.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 64,713 shares of the oil and gas producer’s stock valued at $1,514,000 after buying an additional 716 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Murphy Oil by 8.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 830 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in Murphy Oil by 10.9% during the fourth quarter. M&T Bank Corp now owns 10,591 shares of the oil and gas producer’s stock valued at $248,000 after buying an additional 1,037 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

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Murphy Oil Company Profile (NYSE:MUR)

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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