Thomas J. Mireles Sells 1,368 Shares of Murphy Oil Co. (NYSE:MUR) Stock

Murphy Oil Co. (NYSE:MUR) SVP Thomas J. Mireles sold 1,368 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.64, for a total value of $33,707.52. Following the sale, the senior vice president now owns 20,000 shares of the company’s stock, valued at $492,800. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MUR stock opened at $24.76 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 1.14. The business has a 50 day simple moving average of $21.06 and a 200-day simple moving average of $22.80. The firm has a market capitalization of $3.80 billion, a PE ratio of 19.65 and a beta of 2.04. Murphy Oil Co. has a 1 year low of $17.04 and a 1 year high of $33.21.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The business had revenue of $817.08 million during the quarter, compared to analyst estimates of $701.64 million. Murphy Oil had a return on equity of 3.21% and a net margin of 47.16%. The business’s revenue was up 66.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) earnings per share. On average, equities research analysts expect that Murphy Oil Co. will post 1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.04%. Murphy Oil’s dividend payout ratio (DPR) is presently 79.37%.

Several hedge funds have recently bought and sold shares of the company. CNA Financial Corp grew its position in shares of Murphy Oil by 36.8% in the third quarter. CNA Financial Corp now owns 42,975 shares of the oil and gas producer’s stock valued at $950,000 after purchasing an additional 11,561 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in Murphy Oil by 12.1% in the third quarter. Eqis Capital Management Inc. now owns 29,710 shares of the oil and gas producer’s stock valued at $657,000 after acquiring an additional 3,217 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Murphy Oil by 333.1% in the third quarter. Tower Research Capital LLC TRC now owns 12,594 shares of the oil and gas producer’s stock valued at $278,000 after acquiring an additional 9,686 shares during the last quarter. First Trust Advisors LP lifted its holdings in Murphy Oil by 12.2% in the third quarter. First Trust Advisors LP now owns 528,706 shares of the oil and gas producer’s stock valued at $11,690,000 after acquiring an additional 57,404 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in Murphy Oil by 14.6% in the third quarter. Wedge Capital Management L L P NC now owns 4,923,941 shares of the oil and gas producer’s stock valued at $108,868,000 after acquiring an additional 628,776 shares during the last quarter. Institutional investors and hedge funds own 90.04% of the company’s stock.

Several equities research analysts have commented on MUR shares. Credit Suisse Group cut their price objective on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Piper Jaffray Companies set a $38.00 price objective on Murphy Oil and gave the stock a “hold” rating in a research note on Friday, August 16th. KeyCorp started coverage on Murphy Oil in a research note on Monday, September 9th. They set an “overweight” rating and a $24.00 price objective for the company. Morgan Stanley cut their price objective on Murphy Oil from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Finally, BMO Capital Markets started coverage on Murphy Oil in a research note on Monday, September 30th. They set an “outperform” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.47.

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.

See Also: How does the Federal Reserve determine interest rates?

Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.