Murphy Oil Co. (NYSE:MUR) has been assigned an average rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $34.46.

MUR has been the topic of several recent research reports. Morgan Stanley set a $23.00 price target on Murphy Oil and gave the stock a “sell” rating in a report on Friday, March 22nd. ValuEngine raised Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Barclays reissued a “hold” rating and issued a $32.00 price target on shares of Murphy Oil in a report on Friday, January 11th. TheStreet raised Murphy Oil from a “c+” rating to a “b” rating in a report on Friday, February 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $29.00 price target on shares of Murphy Oil in a report on Wednesday, January 9th.

Shares of NYSE MUR traded up $0.52 during mid-day trading on Tuesday, hitting $29.16. The company had a trading volume of 4,756,902 shares, compared to its average volume of 1,955,162. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 23.14 and a beta of 2.21. Murphy Oil has a 12 month low of $21.51 and a 12 month high of $36.53. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $692.01 million for the quarter, compared to the consensus estimate of $668.85 million. Murphy Oil had a return on equity of 4.51% and a net margin of 15.99%. During the same quarter last year, the business posted $0.08 EPS. As a group, equities analysts forecast that Murphy Oil will post 1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s payout ratio is currently 79.37%.

In other news, VP John B. Gardner sold 8,364 shares of Murphy Oil stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.94, for a total transaction of $242,054.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.46% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Murphy Oil by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 16,743,205 shares of the oil and gas producer’s stock valued at $558,218,000 after purchasing an additional 707,445 shares during the period. Vanguard Group Inc grew its holdings in shares of Murphy Oil by 4.4% in the 3rd quarter. Vanguard Group Inc now owns 16,743,205 shares of the oil and gas producer’s stock worth $558,218,000 after acquiring an additional 707,445 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Murphy Oil by 2.3% in the 4th quarter. BlackRock Inc. now owns 16,394,584 shares of the oil and gas producer’s stock worth $383,469,000 after acquiring an additional 372,647 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Murphy Oil by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,817,092 shares of the oil and gas producer’s stock worth $136,061,000 after acquiring an additional 93,228 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Murphy Oil by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,775,545 shares of the oil and gas producer’s stock worth $125,877,000 after acquiring an additional 129,923 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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