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

Shares of Murphy Oil Co. (NYSE:MUR) have received a consensus recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $30.47.

A number of brokerages recently weighed in on MUR. KeyCorp began coverage on shares of Murphy Oil in a report on Monday, September 9th. They issued an “overweight” rating and a $24.00 price target for the company. Credit Suisse Group lowered their price target on shares of Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Howard Weil lowered shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, November 13th. UBS Group lowered their price target on shares of Murphy Oil from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Tuesday, October 1st. Finally, Scotiabank lowered shares of Murphy Oil from an “outperform” rating to a “sector perform” rating in a report on Tuesday, November 12th.

In other Murphy Oil news, SVP Thomas J. Mireles sold 1,368 shares of Murphy Oil stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.64, for a total transaction of $33,707.52. Following the completion of the sale, the senior vice president now owns 20,000 shares of the company’s stock, valued at approximately $492,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.46% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caymus Capital Partners L.P. bought a new stake in Murphy Oil during the 2nd quarter worth about $44,387,000. Point72 Asset Management L.P. lifted its position in Murphy Oil by 2,225.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,144,407 shares of the oil and gas producer’s stock worth $25,303,000 after buying an additional 1,095,185 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Murphy Oil by 14.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 4,923,941 shares of the oil and gas producer’s stock worth $108,868,000 after buying an additional 628,776 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Murphy Oil during the 2nd quarter worth about $13,900,000. Finally, KBC Group NV bought a new stake in Murphy Oil during the 2nd quarter worth about $12,497,000. 94.97% of the stock is currently owned by institutional investors.

Shares of Murphy Oil stock traded up $0.56 during midday trading on Wednesday, reaching $23.57. The company had a trading volume of 172,845 shares, compared to its average volume of 2,716,701. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 18.76 and a beta of 2.09. The stock has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $22.47. Murphy Oil has a 1-year low of $17.04 and a 1-year high of $33.21.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.36 earnings per share 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 net margin of 47.16% and a return on equity of 3.21%. Murphy Oil’s revenue for the quarter was up 66.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.02) earnings per share. Sell-side analysts expect that Murphy Oil will post 1.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date is Friday, November 15th. Murphy Oil’s dividend payout ratio is presently 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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