Other equities research analysts have also recently issued reports about the stock. Credit Agricole SA reaffirmed a sell rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Zacks Investment Research cut shares of Murphy Oil Corp. from a buy rating to a hold rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. reaffirmed a hold rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Finally, Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an underperform rating to a market perform rating in a research report on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Murphy Oil Corp. has an average rating of Hold and a consensus price target of $26.80.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 28.72 on Monday. The firm’s market capitalization is $4.95 billion. The stock has a 50 day moving average price of $28.01 and a 200 day moving average price of $29.27. Murphy Oil Corp. has a 12 month low of $14.30 and a 12 month high of $37.48.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same period last year, the business posted ($0.48) earnings per share. On average, analysts expect that Murphy Oil Corp. will post ($1.32) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.48%. Murphy Oil Corp.’s payout ratio is -7.24%.
In other news, Director Robert Madison Murphy bought 36,803 shares of the company’s stock in a transaction dated Tuesday, August 9th. The shares were bought at an average cost of $24.16 per share, with a total value of $889,160.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.39% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capstone Asset Management Co. raised its position in shares of Murphy Oil Corp. by 0.9% in the third quarter. Capstone Asset Management Co. now owns 10,049 shares of the company’s stock worth $305,000 after buying an additional 90 shares during the period. British Columbia Investment Management Corp raised its position in shares of Murphy Oil Corp. by 20.0% in the third quarter. British Columbia Investment Management Corp now owns 73,456 shares of the company’s stock worth $2,233,000 after buying an additional 12,246 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Murphy Oil Corp. by 8.9% in the third quarter. BNP Paribas Arbitrage SA now owns 12,721 shares of the company’s stock worth $387,000 after buying an additional 1,040 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Murphy Oil Corp. during the second quarter worth approximately $208,000. Finally, Kentucky Retirement Systems bought a new position in shares of Murphy Oil Corp. during the second quarter worth approximately $437,000. Institutional investors and hedge funds own 92.61% of the company’s stock.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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