Murphy Oil Co. (NYSE:MUR) – Investment analysts at Piper Jaffray Companies reduced their FY2019 EPS estimates for Murphy Oil in a research report issued to clients and investors on Tuesday, May 14th. Piper Jaffray Companies analyst R. Todd now anticipates that the oil and gas producer will earn $1.07 per share for the year, down from their previous estimate of $1.10. Piper Jaffray Companies also issued estimates for Murphy Oil’s Q4 2019 earnings at $0.47 EPS, Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.32 EPS, Q4 2020 earnings at $0.29 EPS and FY2020 earnings at $1.29 EPS.
Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Murphy Oil from a “c+” rating to a “b” rating in a report on Friday, February 1st. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Tuesday, April 16th. Credit Suisse Group set a $31.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a report on Thursday, February 14th. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Goldman Sachs Group raised shares of Murphy Oil from a “sell” rating to a “neutral” rating and lifted their price target for the company from $29.00 to $31.50 in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Murphy Oil currently has a consensus rating of “Hold” and a consensus price target of $34.46.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.05. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The firm had revenue of $591.00 million during the quarter, compared to the consensus estimate of $557.15 million. During the same period last year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 57.3% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in MUR. Rockefeller Capital Management L.P. bought a new position in shares of Murphy Oil in the first quarter worth about $25,000. First Mercantile Trust Co. raised its stake in shares of Murphy Oil by 109.2% in the fourth quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 710 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Murphy Oil by 632.3% in the first quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock worth $58,000 after acquiring an additional 1,783 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of Murphy Oil in the fourth quarter worth about $61,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Murphy Oil by 2,265.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock worth $65,000 after acquiring an additional 1,449,640 shares during the last quarter. 86.83% of the stock is owned by institutional investors.
In other Murphy Oil news, VP John B. Gardner sold 8,364 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $28.94, for a total value of $242,054.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas J. Mireles sold 7,400 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $27.60, for a total transaction of $204,240.00. Following the completion of the transaction, the insider now directly owns 21,368 shares of the company’s stock, valued at $589,756.80. The disclosure for this sale can be found here. Insiders own 6.46% of the company’s stock.
The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s dividend payout ratio is presently 79.37%.
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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