BidaskClub downgraded shares of Murphy Oil Corporation (NYSE:MUR) from a hold rating to a sell rating in a research report sent to investors on Tuesday, July 11th.
Several other research firms also recently commented on MUR. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a hold rating to a sell rating in a research report on Tuesday, April 4th. Credit Suisse Group reiterated an underperform rating and issued a $34.00 price objective (down previously from $35.00) on shares of Murphy Oil Corporation in a research note on Friday, May 5th. Barclays PLC lifted their price objective on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the company a buy rating in a research note on Monday, April 17th. KLR Group initiated coverage on shares of Murphy Oil Corporation in a research note on Wednesday, May 24th. They issued a buy rating and a $41.00 price objective for the company. Finally, ValuEngine lowered shares of Murphy Oil Corporation from a hold rating to a sell rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Murphy Oil Corporation has an average rating of Hold and an average price target of $31.50.
Shares of Murphy Oil Corporation (NYSE:MUR) traded up 0.31% during mid-day trading on Tuesday, hitting $25.95. 3,352,344 shares of the stock traded hands. The firm’s market capitalization is $4.48 billion. Murphy Oil Corporation has a one year low of $23.61 and a one year high of $35.19. The company’s 50 day moving average is $25.36 and its 200 day moving average is $26.88.
Murphy Oil Corporation (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate of $495.03 million. During the same period last year, the company posted ($0.36) EPS. On average, equities analysts expect that Murphy Oil Corporation will post ($0.34) EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is -454.55%.
In related news, VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.89% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. DnB Asset Management AS boosted its position in Murphy Oil Corporation by 4.0% in the first quarter. DnB Asset Management AS now owns 12,977 shares of the oil and gas producer’s stock valued at $371,000 after buying an additional 500 shares during the period. Horrell Capital Management Inc. raised its stake in shares of Murphy Oil Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the oil and gas producer’s stock valued at $779,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Murphy Oil Corporation by 2.9% in the first quarter. Capstone Asset Management Co. now owns 27,749 shares of the oil and gas producer’s stock valued at $793,000 after buying an additional 790 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Murphy Oil Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,867 shares of the oil and gas producer’s stock worth $1,454,000 after buying an additional 600 shares during the period. Finally, Contravisory Investment Management Inc. raised its stake in Murphy Oil Corporation 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 period. Hedge funds and other institutional investors own 96.16% of the company’s stock.
About Murphy Oil Corporation
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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