Shares of Murphy Oil Co. (NYSE:MUR) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.27.
Several brokerages have recently issued reports on MUR. National Alliance Securities upgraded Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. 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 research report on Tuesday, October 16th. Credit Suisse Group boosted their price objective 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 research report on Friday, October 12th. 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 research report on Friday, October 19th.
Shares of NYSE MUR opened at $30.53 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.46 and a quick ratio of 1.35. The company has a market cap of $5.48 billion, a PE ratio of -234.85 and a beta of 2.25. Murphy Oil has a 12-month low of $24.39 and a 12-month high of $36.53.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%. Murphy Oil’s dividend payout ratio (DPR) is -769.23%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MUR. Sei Investments Co. lifted its position in Murphy Oil by 98.2% in the first quarter. Sei Investments Co. now owns 8,877 shares of the oil and gas producer’s stock worth $229,000 after purchasing an additional 4,398 shares during the period. OppenheimerFunds Inc. lifted its position in Murphy Oil by 19.7% in the first quarter. OppenheimerFunds Inc. now owns 23,788 shares of the oil and gas producer’s stock worth $615,000 after purchasing an additional 3,909 shares during the period. Allianz Asset Management GmbH lifted its position in Murphy Oil by 119.4% in the first quarter. Allianz Asset Management GmbH now owns 24,704 shares of the oil and gas producer’s stock worth $639,000 after purchasing an additional 13,446 shares during the period. UBS Group AG lifted its position in Murphy Oil by 29.4% in the first quarter. UBS Group AG now owns 107,274 shares of the oil and gas producer’s stock worth $2,772,000 after purchasing an additional 24,369 shares during the period. Finally, Millennium Management LLC lifted its position in Murphy Oil by 94.2% in the first quarter. Millennium Management LLC now owns 763,921 shares of the oil and gas producer’s stock worth $19,740,000 after purchasing an additional 370,598 shares during the period. Hedge funds and other institutional investors own 89.62% of the company’s stock.
Murphy Oil Company Profile
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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