Murphy Oil Corp. (MUR) Stock Price Up 3.6%
Murphy Oil Corp. (NYSE:MUR)’s share price rose 3.6% during trading on Monday . The stock traded as high as $29.25 and last traded at $28.81, with a volume of 1,720,163 shares changing hands. The stock had previously closed at $27.82.
MUR has been the topic of several research analyst reports. Credit Suisse Group AG reissued a “hold” rating on shares of Murphy Oil Corp. in a research note on Sunday, May 8th. Barclays PLC raised shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $33.00 to $42.00 in a research note on Wednesday, July 13th. Goldman Sachs Group Inc. raised their target price on shares of Murphy Oil Corp. from $19.00 to $20.00 and gave the company a “sell” rating in a research note on Thursday, May 5th. Zacks Investment Research cut shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. Finally, Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Two research 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. The company currently has a consensus rating of “Hold” and a consensus target price of $28.83.
The stock’s market capitalization is $4.90 billion. The company has a 50-day moving average of $29.83 and a 200 day moving average of $26.42.
Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.03. During the same period in the prior year, the firm earned ($0.48) earnings per share. On average, equities analysts predict that Murphy Oil Corp. will post ($1.26) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors 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 dividend on an annualized basis and a dividend yield of 3.51%.
In related news, VP John B. Gardner sold 1,246 shares of Murphy Oil Corp. stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $29.39, for a total value of $36,619.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Allan J. Misner sold 7,163 shares of Murphy Oil Corp. stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $29.39, for a total value of $210,520.57. Following the completion of the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at $2,939. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Murphy Oil Corp. by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 15,402,419 shares of the company’s stock worth $345,785,000 after buying an additional 247,212 shares in the last quarter. New York State Common Retirement Fund boosted its position in Murphy Oil Corp. by 51.9% in the fourth quarter. New York State Common Retirement Fund now owns 620,027 shares of the company’s stock worth $13,920,000 after buying an additional 211,827 shares in the last quarter. Eaton Vance Management boosted 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 worth $3,933,000 after buying an additional 31,181 shares in the last quarter. Advisors Asset Management Inc. boosted its position 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 in the last quarter. Finally, Airain ltd boosted 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 worth $2,874,000 after buying an additional 12,827 shares in 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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