Murphy Oil Co. (NYSE:MUR) Given Consensus Rating of “Hold” by Analysts

Murphy Oil Co. (NYSE:MUR) has earned a consensus rating of “Hold” from the eighteen research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $31.71.

A number of equities research analysts have weighed in on the stock. Capital One Financial assumed coverage on shares of Murphy Oil in a report on Wednesday, July 10th. They issued an “overweight” rating and a $37.00 price objective on the stock. MKM Partners set a $38.00 price objective on shares of Murphy Oil and gave the stock a “buy” rating in a report on Monday, August 12th. Morgan Stanley cut their price objective on shares of Murphy Oil from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. Goldman Sachs Group upgraded shares of Murphy Oil from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, July 23rd. Finally, Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Monday, June 10th.

In other news, Director Walentin Mirosh sold 1,360 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $18.52, for a total transaction of $25,187.20. Following the sale, the director now owns 25,365 shares in the company, valued at $469,759.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.46% of the company’s stock.



Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Murphy Oil by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock valued at $46,321,000 after buying an additional 52,963 shares during the last quarter. Caymus Capital Partners L.P. purchased a new stake in shares of Murphy Oil during the second quarter valued at approximately $44,387,000. Deprince Race & Zollo Inc. grew its holdings in shares of Murphy Oil by 17.4% during the second quarter. Deprince Race & Zollo Inc. now owns 1,014,550 shares of the oil and gas producer’s stock valued at $25,009,000 after buying an additional 150,392 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Murphy Oil by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 942,164 shares of the oil and gas producer’s stock valued at $23,225,000 after buying an additional 27,171 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Murphy Oil during the second quarter valued at approximately $13,900,000. Hedge funds and other institutional investors own 90.20% of the company’s stock.

MUR stock traded up $0.16 during trading on Friday, reaching $22.98. The company had a trading volume of 116,128 shares, compared to its average volume of 2,722,360. Murphy Oil has a 52 week low of $17.04 and a 52 week high of $36.53. The company has a market cap of $3.78 billion, a P/E ratio of 18.24 and a beta of 2.02. The business has a 50 day moving average of $20.13 and a 200 day moving average of $24.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.25 and a quick ratio of 1.21.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The business had revenue of $709.00 million for the quarter, compared to analysts’ expectations of $612.71 million. Murphy Oil had a net margin of 12.37% and a return on equity of 3.48%. The business’s revenue was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 earnings per share. Research analysts expect that Murphy Oil will post 0.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Friday, August 16th. Murphy Oil’s payout ratio is 79.37%.

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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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