Murphy Oil Corp. (MUR) Shares Up 3.6%
Shares of Murphy Oil Corp. (NYSE:MUR) shot up 3.6% during mid-day trading on Monday . The company traded as high as $29.25 and last traded at $28.81, with a volume of 1,720,163 shares traded. The stock had previously closed at $27.82.
A number of research firms have recently issued reports on MUR. Barclays PLC reissued an “overweight” rating and issued a $42.00 price target on shares of Murphy Oil Corp. in a research report on Tuesday, August 2nd. 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 Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Credit Suisse Group AG restated a “hold” rating on shares of Murphy Oil Corp. in a report on Sunday, May 8th. Finally, Goldman Sachs Group Inc. increased their price objective on Murphy Oil Corp. from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Thursday, May 5th. Two 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 has an average rating of “Hold” and a consensus target price of $28.83.
The company’s market cap is $4.79 billion. The stock has a 50 day moving average of $29.72 and a 200 day moving average of $26.73.
Murphy Oil Corp. (NYSE:MUR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. During the same period last year, the business earned ($0.48) earnings per share. Analysts expect that Murphy Oil Corp. will post ($1.24) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.54%.
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 stock was sold at an average price of $29.39, for a total value of $36,619.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
A number of large investors have recently added to or reduced their stakes in MUR. Vanguard Group Inc. boosted its stake 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 valued at $345,785,000 after buying an additional 247,212 shares during the last quarter. US Bancorp DE boosted 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 valued at $2,430,000 after buying an additional 15,872 shares during the last quarter. New York State Common Retirement Fund boosted its stake 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 valued at $13,920,000 after buying an additional 211,827 shares during the last quarter. Eaton Vance Management boosted 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 valued at $3,933,000 after buying an additional 31,181 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted 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 valued at $3,234,000 after buying an additional 143,139 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.