Murphy Oil Corp. (MUR) Shares Up 4.4%
Murphy Oil Corp. (NYSE:MUR)’s share price shot up 4.4% during trading on Thursday . The stock traded as high as $30.43 and last traded at $30.34, with a volume of 1,376,569 shares traded. The stock had previously closed at $29.07.
A number of equities analysts recently commented on MUR shares. Credit Suisse Group AG reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Sunday, May 8th. Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a research note on Tuesday. Barclays PLC reiterated an “overweight” rating and set a $42.00 target price on shares of Murphy Oil Corp. in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Finally, Zacks Investment Research downgraded shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Murphy Oil Corp. has a consensus rating of “Hold” and a consensus target price of $26.91.
The company’s 50 day moving average price is $29.36 and its 200 day moving average price is $27.12. The firm’s market capitalization is $5.25 billion.
Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.03. During the same quarter last year, the business earned ($0.48) EPS. Equities analysts anticipate that Murphy Oil Corp. will post ($1.23) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, August 11th.
In other news, Director Robert Madison Murphy acquired 36,803 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average cost of $24.16 per share, for a total transaction of $889,160.48. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John B. Gardner sold 1,246 shares of Murphy Oil Corp. stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $29.39, for a total transaction of $36,619.94. The disclosure for this sale can be found here.
Several hedge funds recently added to or reduced their stakes in the company. Suntrust Banks Inc. increased its stake in Murphy Oil Corp. by 30.8% in the fourth quarter. Suntrust Banks Inc. now owns 62,678 shares of the company’s stock worth $1,405,000 after buying an additional 14,775 shares during the period. Eaton Vance Management increased its stake in Murphy Oil Corp. by 21.7% in the fourth quarter. Eaton Vance Management now owns 175,199 shares of the company’s stock worth $3,933,000 after buying an additional 31,181 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Murphy Oil Corp. by 15,904.3% in the fourth quarter. Advisors Asset Management Inc. now owns 144,039 shares of the company’s stock worth $3,234,000 after buying an additional 143,139 shares during the last quarter. US Bancorp DE increased its stake in Murphy Oil Corp. by 17.2% in the fourth quarter. US Bancorp DE now owns 108,227 shares of the company’s stock worth $2,430,000 after buying an additional 15,872 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Murphy Oil Corp. by 1,615.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 51,184 shares of the company’s stock worth $1,149,000 after buying an additional 48,201 shares during the last quarter.
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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