Murphy Oil (NYSE:MUR) Coverage Initiated by Analysts at Capital One Financial

Capital One Financial started coverage on shares of Murphy Oil (NYSE:MUR) in a research report report published on Wednesday morning, The Fly reports. The firm issued an overweight rating and a $37.00 price objective on the oil and gas producer’s stock.

MUR has been the subject of several other research reports. Stephens set a $40.00 target price on shares of Murphy Oil and gave the company a hold rating in a report on Friday, May 17th. Zacks Investment Research upgraded shares of Grana y Montero SAA from a sell rating to a hold rating in a research report on Monday, June 10th. Evercore ISI downgraded shares of PACCAR from an outperform rating to an in-line rating and upped their price target for the company from $73.00 to $76.00 in a research report on Thursday, May 30th. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Finally, TheStreet upgraded shares of Third Point Reinsurance from a d+ rating to a c- rating in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Murphy Oil currently has a consensus rating of Hold and an average price target of $34.04.

Shares of Murphy Oil stock traded down $1.26 during trading hours on Wednesday, hitting $23.72. The company had a trading volume of 2,760,200 shares, compared to its average volume of 2,152,102. The company’s 50-day moving average price is $24.53. Murphy Oil has a twelve month low of $21.51 and a twelve month high of $36.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.56 and a current ratio of 1.61. The firm has a market cap of $4.30 billion, a P/E ratio of 18.83 and a beta of 1.95.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The business had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $557.15 million. During the same quarter in the prior year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 57.3% on a year-over-year basis. Equities research analysts expect that Murphy Oil will post 1.3 earnings per share for the current fiscal year.

In related news, insider Thomas J. Mireles sold 7,400 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $27.60, for a total value of $204,240.00. Following the completion of the sale, the insider now owns 21,368 shares in the company, valued at approximately $589,756.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.46% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Murphy Oil by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,817,092 shares of the oil and gas producer’s stock worth $136,061,000 after buying an additional 93,228 shares during the last quarter. Norges Bank purchased a new position in Murphy Oil during the 4th quarter worth $58,361,000. Geode Capital Management LLC raised its position in Murphy Oil by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock worth $46,321,000 after buying an additional 52,963 shares during the last quarter. Millennium Management LLC raised its position in Murphy Oil by 326.2% during the 4th quarter. Millennium Management LLC now owns 1,604,044 shares of the oil and gas producer’s stock worth $37,519,000 after buying an additional 1,227,727 shares during the last quarter. Finally, Northern Trust Corp raised its position in Murphy Oil by 2.0% during the 4th quarter. Northern Trust Corp now owns 1,361,737 shares of the oil and gas producer’s stock worth $31,850,000 after buying an additional 26,894 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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