Murphy Oil Co. (NYSE:MUR) VP Christopher D. Hulse sold 4,301 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $24.44, for a total transaction of $105,116.44.
Shares of NYSE MUR opened at $24.44 on Friday. The company has a market capitalization of $3.84 billion, a P/E ratio of 19.40 and a beta of 2.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 1.14. The company has a 50 day simple moving average of $22.54 and a 200-day simple moving average of $22.34. Murphy Oil Co. has a 1 year low of $17.04 and a 1 year high of $31.40.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The firm had revenue of $817.08 million for the quarter, compared to analysts’ expectations of $701.64 million. Murphy Oil had a return on equity of 3.21% and a net margin of 47.16%. The firm’s quarterly revenue was up 66.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) earnings per share. As a group, research analysts expect that Murphy Oil Co. will post 1.06 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.09%. Murphy Oil’s dividend payout ratio is currently 79.37%.
A number of research analysts have weighed in on MUR shares. MKM Partners set a $38.00 target price on shares of Murphy Oil and gave the stock a “buy” rating in a research note on Monday, August 12th. ValuEngine upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Piper Jaffray Companies set a $38.00 price target on Murphy Oil and gave the company a “hold” rating in a report on Friday, August 16th. UBS Group reduced their price objective on Murphy Oil from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Finally, Howard Weil downgraded Murphy Oil from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Murphy Oil has an average rating of “Hold” and a consensus price target of $30.47.
Several institutional investors have recently made changes to their positions in MUR. Voloridge Investment Management LLC purchased a new position in shares of Murphy Oil during the 3rd quarter worth $2,701,000. Point72 Asset Management L.P. lifted its position in Murphy Oil by 2,225.0% in the third quarter. Point72 Asset Management L.P. now owns 1,144,407 shares of the oil and gas producer’s stock valued at $25,303,000 after buying an additional 1,095,185 shares during the last quarter. Willis Investment Counsel boosted its stake in Murphy Oil by 1.1% during the third quarter. Willis Investment Counsel now owns 263,350 shares of the oil and gas producer’s stock worth $5,823,000 after buying an additional 2,835 shares during the period. Virtu Financial LLC boosted its stake in Murphy Oil by 184.0% during the third quarter. Virtu Financial LLC now owns 28,242 shares of the oil and gas producer’s stock worth $624,000 after buying an additional 18,298 shares during the period. Finally, State Street Corp increased its position in shares of Murphy Oil by 1.4% during the third quarter. State Street Corp now owns 5,873,867 shares of the oil and gas producer’s stock valued at $129,871,000 after acquiring an additional 80,571 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.
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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