Murphy Oil Co. (NYSE:MUR) Receives Average Rating of “Hold” from Analysts

Murphy Oil Co. (NYSE:MUR) has been assigned a consensus recommendation of “Hold” from the nineteen analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.13.

A number of research analysts have recently commented on MUR shares. Capital One Financial started coverage on Murphy Oil in a report on Wednesday, July 10th. They set an “overweight” rating and a $37.00 price target on the stock. Credit Suisse Group lowered their price target on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Morgan Stanley lowered their price target on Murphy Oil from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. UBS Group lowered their price target on Murphy Oil from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Finally, Goldman Sachs Group raised Murphy Oil from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, July 23rd.

In related news, Director Walentin Mirosh sold 1,360 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.52, for a total transaction of $25,187.20. Following the completion of the transaction, the director now owns 25,365 shares of the company’s stock, valued at $469,759.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.46% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Caymus Capital Partners L.P. bought a new position in Murphy Oil during the second quarter valued at about $44,387,000. Deprince Race & Zollo Inc. boosted its position in shares of Murphy Oil by 17.4% in the 2nd 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 purchasing an additional 150,392 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Murphy Oil by 3.0% in the 2nd 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 purchasing an additional 27,171 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Murphy Oil in the 2nd quarter valued at $13,900,000. Finally, Invesco Ltd. boosted its position in shares of Murphy Oil by 1.4% in the 2nd quarter. Invesco Ltd. now owns 514,339 shares of the oil and gas producer’s stock valued at $12,678,000 after purchasing an additional 7,272 shares during the period. 90.22% of the stock is owned by institutional investors and hedge funds.

NYSE MUR traded down $0.25 during trading hours on Tuesday, hitting $19.71. The company had a trading volume of 2,456,337 shares, compared to its average volume of 2,544,751. Murphy Oil has a fifty-two week low of $17.04 and a fifty-two week high of $35.76. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $20.62 and a 200-day simple moving average of $23.74. The firm has a market cap of $3.18 billion, a P/E ratio of 15.64 and a beta of 2.03.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $709.00 million for the quarter, compared to analyst estimates of $612.71 million. Murphy Oil had a return on equity of 3.48% and a net margin of 12.37%. The firm’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. Equities analysts forecast that Murphy Oil will post 0.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 5.07%. Murphy Oil’s dividend payout ratio is currently 79.37%.

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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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