Murphy Oil Co. (NYSE:MUR) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.33.
Several equities analysts have recently issued reports on MUR shares. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, March 1st. Scotiabank reiterated a “hold” rating and set a $40.00 price target on shares of Murphy Oil in a research report on Tuesday, March 14th. Royal Bank of Canada reiterated a “hold” rating and set a $33.00 price target on shares of Murphy Oil in a research report on Tuesday, January 3rd. Finally, Credit Suisse Group AG cut Murphy Oil from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $33.00 to $37.00 in a research report on Wednesday, December 7th.
Several institutional investors have recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Murphy Oil by 9.1% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 10,973,020 shares of the company’s stock worth $341,590,000 after buying an additional 910,875 shares during the last quarter. Pzena Investment Management LLC boosted its position in shares of Murphy Oil by 4.0% in the third quarter. Pzena Investment Management LLC now owns 9,557,669 shares of the company’s stock worth $290,553,000 after buying an additional 370,977 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Murphy Oil by 4.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,332,325 shares of the company’s stock worth $162,103,000 after buying an additional 220,955 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Murphy Oil by 3.0% in the third quarter. BlackRock Fund Advisors now owns 3,060,368 shares of the company’s stock worth $93,035,000 after buying an additional 89,982 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Murphy Oil by 18.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,768,877 shares of the company’s stock worth $86,202,000 after buying an additional 438,440 shares during the last quarter. Institutional investors and hedge funds own 94.77% of the company’s stock.
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Murphy Oil (NYSE:MUR) opened at 25.76 on Friday. The company’s 50-day moving average price is $27.70 and its 200 day moving average price is $29.31. Murphy Oil has a 52-week low of $23.24 and a 52-week high of $37.48. The stock’s market capitalization is $4.44 billion.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, January 25th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.00. Murphy Oil had a negative return on equity of 4.54% and a negative net margin of 14.73%. During the same quarter in the previous year, the firm posted ($0.76) EPS. On average, equities research analysts anticipate that Murphy Oil will post $0.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Monday, February 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Thursday, February 9th. Murphy Oil’s payout ratio is -62.50%.
About Murphy Oil
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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