An issue of Murphy Oil Corporation (NYSE:MUR) bonds rose 2.4% as a percentage of their face value during trading on Friday. The high-yield debt issue has a 7.05% coupon and will mature on May 1, 2029. The debt is now trading at $108.63. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

A number of equities analysts have recently commented on MUR shares. Barclays PLC restated an “overweight” rating and set a $38.00 price objective (down from $42.00) on shares of Murphy Oil Corporation in a research note on Friday, April 14th. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Simmons increased their price objective on shares of Murphy Oil Corporation from $31.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada set a $32.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Finally, Scotiabank restated a “hold” rating and set a $30.00 price objective on shares of Murphy Oil Corporation in a research note on Thursday, May 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.45.

Shares of Murphy Oil Corporation (NYSE MUR) traded down 0.43% on Friday, hitting $25.56. 2,701,970 shares of the stock traded hands. The stock’s market cap is $4.41 billion. The stock has a 50 day moving average price of $25.48 and a 200-day moving average price of $26.68. Murphy Oil Corporation has a 52 week low of $23.61 and a 52 week high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The company had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same period in the prior year, the company posted ($0.36) EPS. On average, equities research analysts forecast that Murphy Oil Corporation will post ($0.19) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, August 10th. Murphy Oil Corporation’s payout ratio is currently -454.55%.

In related news, VP Allan J. Misner sold 3,795 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the sale, the vice president now directly owns 100 shares in the company, valued at approximately $2,605. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.89% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. raised its stake in Murphy Oil Corporation by 8.0% in the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 301 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in Murphy Oil Corporation during the first quarter worth $111,000. Mn Services Vermogensbeheer B.V. raised its stake in Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares during the period. Daiwa Securities Group Inc. raised its stake in Murphy Oil Corporation by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after buying an additional 960 shares during the period. Finally, Koch Industries Inc. purchased a new stake in Murphy Oil Corporation during the first quarter worth $208,000. 96.16% of the stock is currently owned by institutional investors and hedge funds.

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Murphy Oil Corporation Company Profile

Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

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