Murphy Oil Corporation (MUR) Receives $30.50 Consensus Target Price from Brokerages

Murphy Oil Corporation (NYSE:MUR) has been given an average recommendation of “Hold” by the thirteen brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $30.50.

Several research analysts have recently weighed in on MUR shares. Piper Jaffray Companies set a $23.00 target price on shares of Murphy Oil and gave the stock a “hold” rating in a research report on Friday, August 25th. Scotiabank set a $27.00 target price on shares of Murphy Oil and gave the stock a “hold” rating in a research report on Friday, August 11th. Cowen reissued a “hold” rating and issued a $30.00 target price on shares of Murphy Oil in a research report on Sunday, September 17th. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, October 27th. Finally, ValuEngine downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd.

In other Murphy Oil news, Director Robert Madison Murphy sold 6,325 shares of Murphy Oil stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.55, for a total value of $180,578.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Gardner sold 3,783 shares of Murphy Oil stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The disclosure for this sale can be found here. Insiders have purchased 76,500 shares of company stock worth $17,850 over the last ninety days. 6.89% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Laurion Capital Management LP lifted its stake in Murphy Oil by 2,553.1% in the second quarter. Laurion Capital Management LP now owns 214,900 shares of the oil and gas producer’s stock valued at $5,508,000 after acquiring an additional 206,800 shares during the last quarter. Shell Asset Management Co. lifted its stake in Murphy Oil by 103.3% in the third quarter. Shell Asset Management Co. now owns 26,101 shares of the oil and gas producer’s stock valued at $1,485,000 after acquiring an additional 13,262 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Murphy Oil by 10.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,028,206 shares of the oil and gas producer’s stock valued at $26,353,000 after acquiring an additional 93,234 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Murphy Oil by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock worth $1,947,000 after buying an additional 11,755 shares during the last quarter. Finally, LSV Asset Management lifted its stake in shares of Murphy Oil by 3.8% in the second quarter. LSV Asset Management now owns 1,130,900 shares of the oil and gas producer’s stock worth $28,984,000 after buying an additional 41,663 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Murphy Oil (NYSE:MUR) traded down $0.73 during trading on Friday, hitting $28.21. 1,796,818 shares of the stock traded hands, compared to its average volume of 2,911,561. The company has a current ratio of 1.74, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. Murphy Oil has a 1-year low of $22.21 and a 1-year high of $34.90.

Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.18) earnings per share. equities research analysts predict that Murphy Oil will post -0.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend was Friday, November 10th. Murphy Oil’s payout ratio is presently -192.31%.

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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.

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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