Murphy Oil (NYSE:MUR) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a report released on Tuesday, TheStreetRatingsTable reports.
A number of other brokerages have also recently commented on MUR. UBS Group dropped their target price on shares of Murphy Oil from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Scotiabank cut shares of Murphy Oil from an “outperform” rating to a “sector perform” rating in a report on Tuesday, November 12th. Howard Weil cut shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, November 13th. ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets assumed coverage on shares of Murphy Oil in a report on Monday, September 30th. They set an “outperform” rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Murphy Oil presently has an average rating of “Hold” and an average target price of $29.69.
NYSE:MUR traded down $1.33 during trading hours on Tuesday, hitting $26.55. The company had a trading volume of 3,102,370 shares, compared to its average volume of 1,770,276. The company has a market capitalization of $4.38 billion, a PE ratio of 21.07 and a beta of 2.14. The stock has a 50-day moving average price of $25.77 and a 200 day moving average price of $22.65. Murphy Oil has a 52 week low of $17.04 and a 52 week high of $31.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 1.14.
Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.14. Murphy Oil had a net margin of 47.16% and a return on equity of 3.21%. The firm had revenue of $817.08 million for the quarter, compared to analysts’ expectations of $701.64 million. During the same quarter in the previous year, the business posted ($0.02) EPS. The company’s quarterly revenue was up 66.6% on a year-over-year basis. Analysts anticipate that Murphy Oil will post 1.06 EPS for the current fiscal year.
In other news, VP Barry F.R. Jeffery sold 2,585 shares of Murphy Oil stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $26.03, for a total value of $67,287.55. Following the completion of the transaction, the vice president now owns 30,000 shares of the company’s stock, valued at approximately $780,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Christopher D. Hulse sold 4,301 shares of Murphy Oil stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $24.44, for a total value of $105,116.44. In the last ninety days, insiders sold 9,654 shares of company stock valued at $240,941. 6.46% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp raised its position in Murphy Oil by 1.4% in the 3rd quarter. State Street Corp now owns 5,873,867 shares of the oil and gas producer’s stock worth $129,871,000 after buying an additional 80,571 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Murphy Oil by 14.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 4,923,941 shares of the oil and gas producer’s stock worth $108,868,000 after buying an additional 628,776 shares during the last quarter. Point72 Asset Management L.P. raised its position in Murphy Oil by 2,225.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,144,407 shares of the oil and gas producer’s stock worth $25,303,000 after buying an additional 1,095,185 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Murphy Oil in the 2nd quarter worth about $13,900,000. Finally, First Trust Advisors LP raised its position in Murphy Oil by 12.2% in the 3rd quarter. First Trust Advisors LP now owns 528,706 shares of the oil and gas producer’s stock worth $11,690,000 after buying an additional 57,404 shares during the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
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