Murphy Oil (NYSE:MUR) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday, February 4th.
A number of other equities research analysts have also commented on MUR. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 23rd. Morgan Stanley reiterated a “sell” rating and issued a $30.00 price objective (up from $24.00) on shares of Murphy Oil in a research report on Friday, October 12th. MKM Partners assumed coverage on Murphy Oil in a research report on Wednesday, December 5th. They issued a “buy” rating and a $44.00 price objective on the stock. Stephens assumed coverage on Murphy Oil in a research report on Thursday, December 6th. They issued an “equal weight” rating and a $38.00 price objective on the stock. Finally, TheStreet upgraded Murphy Oil from a “c+” rating to a “b-” rating in a research report on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $34.33.
Shares of MUR stock traded up $1.13 during trading hours on Monday, hitting $30.03. The company had a trading volume of 1,973,503 shares, compared to its average volume of 2,057,064. Murphy Oil has a 12 month low of $21.51 and a 12 month high of $36.53. The firm has a market cap of $5.12 billion, a P/E ratio of 23.83 and a beta of 2.19. The company has a current ratio of 1.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $692.01 million for the quarter, compared to analyst estimates of $668.85 million. Murphy Oil had a return on equity of 4.51% and a net margin of 15.99%. During the same period in the prior year, the company posted $0.08 EPS. Sell-side analysts forecast that Murphy Oil will post 0.93 EPS for the current year.
In other news, VP John B. Gardner sold 7,113 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $29.98, for a total value of $213,247.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.59% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. QS Investors LLC increased its holdings in Murphy Oil by 0.9% during the 4th quarter. QS Investors LLC now owns 43,660 shares of the oil and gas producer’s stock worth $1,022,000 after purchasing an additional 376 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Murphy Oil by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 107,892 shares of the oil and gas producer’s stock worth $2,524,000 after purchasing an additional 400 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in Murphy Oil by 0.5% during the 4th quarter. Commonwealth Bank of Australia now owns 118,902 shares of the oil and gas producer’s stock worth $2,776,000 after purchasing an additional 600 shares in the last quarter. Ffcm LLC increased its holdings in Murphy Oil by 3.8% during the 4th quarter. Ffcm LLC now owns 18,876 shares of the oil and gas producer’s stock worth $442,000 after purchasing an additional 695 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in Murphy Oil by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 210,915 shares of the oil and gas producer’s stock worth $4,933,000 after purchasing an additional 702 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors.
About Murphy Oil
Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and gas. It operates through the following geographical segments: United States, Canada, Malaysia, and Other. Its products include oil and gas liquids, natural gas, and synthetic oil. The company was founded by Charles H.
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