Murphy Oil Co. (NYSE:MUR) insider Eugene T. Coleman sold 33,435 shares of Murphy Oil stock in a transaction on Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the transaction, the insider now owns 57,246 shares in the company, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Murphy Oil Co. (NYSE MUR) traded down $0.62 during trading hours on Thursday, hitting $26.60. 1,083,507 shares of the company traded hands, compared to its average volume of 2,624,421. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.64 and a quick ratio of 1.60. The firm has a market cap of $4,523.13, a price-to-earnings ratio of -14.59 and a beta of 2.30. Murphy Oil Co. has a 1-year low of $22.21 and a 1-year high of $35.16.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. The business had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS. equities research analysts forecast that Murphy Oil Co. will post 0.85 EPS for the current year.
A number of equities analysts have weighed in on MUR shares. Barclays lifted their price target on shares of Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, January 15th. ValuEngine lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Cowen set a $34.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Murphy Oil has an average rating of “Hold” and an average target price of $31.83.
A number of institutional investors have recently added to or reduced their stakes in MUR. State Street Corp raised its holdings in shares of Murphy Oil by 4.6% during the second quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock valued at $291,513,000 after acquiring an additional 503,190 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Murphy Oil by 1.0% during the 4th quarter. Pzena Investment Management LLC now owns 9,703,852 shares of the oil and gas producer’s stock worth $301,305,000 after buying an additional 94,570 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Murphy Oil by 4.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 6,207,620 shares of the oil and gas producer’s stock worth $164,874,000 after buying an additional 260,467 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Murphy Oil by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,060,780 shares of the oil and gas producer’s stock worth $134,421,000 after buying an additional 113,685 shares during the period. Finally, BancorpSouth Bank bought a new stake in shares of Murphy Oil during the 4th quarter worth $130,904,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.
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About Murphy Oil
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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