Murphy Oil Corp. (MUR) Trading 4.4% Higher
Murphy Oil Corp. (NYSE:MUR) traded up 4.4% on Thursday . The company traded as high as $30.43 and last traded at $30.34, with a volume of 1,376,569 shares. The stock had previously closed at $29.07.
A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Zacks Investment Research cut shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Barclays PLC restated an “overweight” rating and issued a $42.00 price objective on shares of Murphy Oil Corp. in a report on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. upped their price objective on shares of Murphy Oil Corp. from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Thursday, May 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.91.
The stock has a 50 day moving average of $29.27 and a 200 day moving average of $27.23. The company’s market cap is $5.18 billion.
Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.03. During the same quarter in the prior year, the business posted ($0.48) earnings per share. On average, equities analysts expect that Murphy Oil Corp. will post ($1.23) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.33%.
In related news, VP John B. Gardner sold 1,246 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $29.39, for a total transaction of $36,619.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Madison Murphy acquired 36,803 shares of Murphy Oil Corp. stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average price of $24.16 per share, with a total value of $889,160.48. The disclosure for this purchase can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of MUR. Bridgewater Associates LP raised its position in Murphy Oil Corp. by 4.3% in the fourth quarter. Bridgewater Associates LP now owns 52,800 shares of the company’s stock valued at $1,185,000 after buying an additional 2,200 shares during the period. Airain ltd raised its position in Murphy Oil Corp. by 11.1% in the fourth quarter. Airain ltd now owns 128,036 shares of the company’s stock valued at $2,874,000 after buying an additional 12,827 shares during the period. Suntrust Banks Inc. raised its position in Murphy Oil Corp. by 30.8% in the fourth quarter. Suntrust Banks Inc. now owns 62,678 shares of the company’s stock valued at $1,405,000 after buying an additional 14,775 shares during the period. US Bancorp DE raised its position in Murphy Oil Corp. by 17.2% in the fourth quarter. US Bancorp DE now owns 108,227 shares of the company’s stock valued at $2,430,000 after buying an additional 15,872 shares during the period. Finally, Eaton Vance Management raised its position in Murphy Oil Corp. by 21.7% in the fourth quarter. Eaton Vance Management now owns 175,199 shares of the company’s stock valued at $3,933,000 after buying an additional 31,181 shares during the period.
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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