Murphy Oil (MUR) Shares Down 5.6%

Shares of Murphy Oil Co. (NYSE:MUR) fell 5.6% during trading on Thursday . The company traded as low as $26.67 and last traded at $26.69. 3,075,281 shares traded hands during trading, an increase of 17% from the average session volume of 2,626,762 shares. The stock had previously closed at $28.28.

A number of research firms recently commented on MUR. Zacks Investment Research cut Murphy Oil from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Morgan Stanley lifted their price objective on Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Credit Suisse Group began coverage on Murphy Oil in a research report on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Stephens set a $37.00 price objective on Murphy Oil and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Murphy Oil presently has a consensus rating of “Hold” and an average target price of $31.83.

The company has a current ratio of 1.64, a quick ratio of 1.60 and a debt-to-equity ratio of 0.63. The stock has a market cap of $4,605.97, a price-to-earnings ratio of -14.63 and a beta of 2.25.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS. sell-side analysts anticipate that Murphy Oil Co. will post 0.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, February 16th. Murphy Oil’s dividend payout ratio (DPR) is -55.56%.

In other news, insider Eugene T. Coleman sold 33,435 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. 6.89% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. NuWave Investment Management LLC purchased a new stake in shares of Murphy Oil during the 4th quarter worth about $125,000. Advisor Group Inc. grew its holdings in shares of Murphy Oil by 8.0% during the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 301 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Murphy Oil during the 4th quarter worth about $197,000. Advisor Partners LLC purchased a new stake in shares of Murphy Oil during the 4th quarter worth about $227,000. Finally, Gofen & Glossberg LLC IL purchased a new stake in shares of Murphy Oil during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 96.96% of the company’s stock.

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Murphy Oil Company Profile

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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