Murphy Oil Co. (NYSE:MUR) had its target price upped by research analysts at Simmons from $31.00 to $33.00 in a research report issued on Wednesday. The brokerage currently has a “neutral” rating on the oil and gas producer’s stock. Simmons’ price target suggests a potential upside of 23.27% from the company’s previous close.
Several other equities analysts also recently commented on MUR. Royal Bank of Canada restated a “hold” rating and issued a $33.00 price target on shares of Murphy Oil in a research note on Tuesday, January 3rd. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, March 1st. Scotiabank reaffirmed a “hold” rating and set a $40.00 price objective on shares of Murphy Oil in a research report on Tuesday, March 14th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $35.00 price objective on shares of Murphy Oil in a research report on Friday, April 7th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $38.00 price objective (down from $42.00) on shares of Murphy Oil in a research report on Friday, April 14th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Murphy Oil presently has an average rating of “Hold” and a consensus target price of $32.88.
Murphy Oil (NYSE:MUR) traded down 0.41% on Wednesday, hitting $26.77. The stock had a trading volume of 2,163,408 shares. The firm’s 50 day moving average price is $27.46 and its 200-day moving average price is $29.42. Murphy Oil has a 12 month low of $24.39 and a 12 month high of $37.48. The stock’s market cap is $4.62 billion.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, January 25th. The oil and gas producer reported ($0.16) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). The business earned $505.84 million during the quarter, compared to the consensus estimate of $490.18 million. Murphy Oil had a negative net margin of 14.73% and a negative return on equity of 4.54%. During the same quarter in the previous year, the firm posted ($0.76) earnings per share. On average, analysts forecast that Murphy Oil will post $0.40 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. Murphy Oil’s payout ratio is -62.50%.
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Large investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in shares of Murphy Oil by 28.2% in the third quarter. Advisor Group Inc. now owns 4,782 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 1,051 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Murphy Oil during the fourth quarter worth approximately $171,000. Jacobi Capital Management LLC raised its stake in shares of Murphy Oil by 17.9% in the third quarter. Jacobi Capital Management LLC now owns 6,558 shares of the oil and gas producer’s stock worth $196,000 after buying an additional 997 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Murphy Oil by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 7,946 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 1,914 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Murphy Oil by 2.1% in the third quarter. Norinchukin Bank The now owns 8,666 shares of the oil and gas producer’s stock worth $263,000 after buying an additional 176 shares during the last quarter. 94.77% of the stock is owned by institutional investors and hedge funds.
Murphy Oil Company Profile
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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