Murphy Oil (NYSE:MUR) Trading Up 6.3%

Murphy Oil Co. (NYSE:MUR)’s share price shot up 6.3% during trading on Monday . The stock traded as high as $20.63 and last traded at $20.60, 2,889,079 shares were traded during trading. An increase of 21% from the average session volume of 2,388,124 shares. The stock had previously closed at $19.38.

Several brokerages recently commented on MUR. Goldman Sachs Group raised Murphy Oil from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, July 23rd. Capital One Financial assumed coverage on Murphy Oil in a research note on Wednesday, July 10th. They set an “overweight” rating and a $37.00 price objective for the company. TheStreet cut Murphy Oil from a “b” rating to a “c” rating in a report on Tuesday, May 14th. Credit Suisse Group cut their price objective on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Piper Jaffray Companies set a $38.00 target price on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $31.71.

The stock has a 50-day moving average of $20.16 and a 200 day moving average of $25.09. The firm has a market capitalization of $3.34 billion, a P/E ratio of 16.94 and a beta of 2.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.21 and a current ratio of 1.25.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $709.00 million during the quarter, compared to the consensus estimate of $612.71 million. Murphy Oil had a return on equity of 3.48% and a net margin of 12.37%. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. On average, equities analysts predict that Murphy Oil Co. will post 0.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Friday, August 16th. Murphy Oil’s payout ratio is presently 79.37%.

In other news, Director Walentin Mirosh sold 1,360 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $18.52, for a total value of $25,187.20. Following the completion of the sale, the director now directly owns 25,365 shares in the company, valued at $469,759.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.46% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Murphy Oil by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock valued at $46,321,000 after purchasing an additional 52,963 shares in the last quarter. South Dakota Investment Council bought a new position in Murphy Oil in the 1st quarter valued at $1,223,000. United Asset Strategies Inc. boosted its position in Murphy Oil by 3.8% in the 2nd quarter. United Asset Strategies Inc. now owns 18,599 shares of the oil and gas producer’s stock valued at $458,000 after buying an additional 675 shares during the last quarter. Rubric Capital Management LP bought a new position in Murphy Oil in the 1st quarter valued at $5,860,000. Finally, Robinson Value Management Ltd. acquired a new stake in shares of Murphy Oil in the 2nd quarter valued at $1,788,000. Institutional investors own 90.23% of the company’s stock.

Murphy Oil Company Profile (NYSE:MUR)

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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