Murphy Oil Corp. (NYSE:MUR) – Analysts at Credit Agricole SA lifted their FY2016 earnings per share (EPS) estimates for Murphy Oil Corp. in a research report issued on Wednesday. Credit Agricole SA analyst A. Sen now anticipates that the brokerage will post earnings of ($1.46) per share for the year, up from their previous estimate of ($1.85). Credit Agricole SA currently has a “Sell” rating on the stock. Credit Agricole SA also issued estimates for Murphy Oil Corp.’s FY2017 earnings at $0.23 EPS and FY2018 earnings at $0.92 EPS.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned ($0.48) EPS.
Several other analysts also recently issued reports on MUR. Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Barclays PLC upgraded Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $42.00 in a report on Wednesday, July 13th. Finally, Zacks Investment Research downgraded Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.80.
Murphy Oil Corp. (NYSE:MUR) opened at 28.98 on Friday. Murphy Oil Corp. has a 12 month low of $14.30 and a 12 month high of $37.48. The firm’s 50-day moving average is $28.00 and its 200-day moving average is $29.30. The firm’s market capitalization is $4.99 billion.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 3.45%. Murphy Oil Corp.’s payout ratio is -7.24%.
In other news, Director Robert Madison Murphy purchased 22,594 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $21.93 per share, with a total value of $495,486.42. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 6.39% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in shares of Murphy Oil Corp. by 10.8% in the first quarter. UBS Asset Management Americas Inc. now owns 688,918 shares of the company’s stock valued at $17,354,000 after buying an additional 67,002 shares during the last quarter. UBS Group AG boosted its stake in shares of Murphy Oil Corp. by 116.1% in the first quarter. UBS Group AG now owns 129,244 shares of the company’s stock worth $3,256,000 after buying an additional 933,268 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Murphy Oil Corp. by 8,287.7% in the first quarter. Meeder Asset Management Inc. now owns 25,163 shares of the company’s stock worth $633,000 after buying an additional 24,863 shares during the last quarter. Rafferty Asset Management LLC bought a new stake in shares of Murphy Oil Corp. during the first quarter worth about $1,012,000. Finally, State Street Corp boosted its stake in shares of Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock worth $266,760,000 after buying an additional 45,934 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
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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