The Murphy Oil Corp.’s (MUR) “Overweight” Rating Reiterated at Barclays PLC

The Murphy Oil Corp.’s (MUR) “Overweight” Rating Reiterated at Barclays PLC

Barclays PLC reaffirmed their overweight rating on shares of Murphy Oil Corp. (NYSE:MUR) in a research note issued to investors on Monday. They currently have a $42.00 price target on the stock.

Several other research analysts also recently weighed in on MUR. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an underperform rating to a market perform rating in a research report on Monday, June 20th. JPMorgan Chase & Co. reiterated a hold rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Zacks Investment Research downgraded shares of Murphy Oil Corp. from a buy rating to a hold rating in a research report on Thursday, August 11th. Finally, Credit Agricole SA reiterated a sell rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Murphy Oil Corp. presently has an average rating of Hold and a consensus target price of $26.80.

Murphy Oil Corp. (NYSE:MUR) opened at 28.66 on Monday. The stock’s market capitalization is $4.94 billion. Murphy Oil Corp. has a 12 month low of $14.30 and a 12 month high of $37.48. The company has a 50-day moving average of $28.00 and a 200 day moving average of $29.26.

Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same period in the prior year, the firm earned ($0.48) EPS. On average, equities research analysts anticipate that Murphy Oil Corp. will post ($1.32) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 annualized dividend and a yield of 3.49%. Murphy Oil Corp.’s payout ratio is -7.24%.

In related news, Director Robert Madison Murphy bought 36,803 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The stock was bought at an average cost of $24.16 per share, with a total value of $889,160.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.39% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Murphy Oil Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 15,366,952 shares of the company’s stock worth $487,900,000 after buying an additional 499,781 shares during the last quarter. FMR LLC boosted its position in shares of Murphy Oil Corp. by 0.9% in the second quarter. FMR LLC now owns 12,662,404 shares of the company’s stock worth $402,031,000 after buying an additional 106,862 shares during the last quarter. State Street Corp boosted its position in shares of Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock worth $266,760,000 after buying an additional 45,934 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Murphy Oil Corp. by 2.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 10,274,372 shares of the company’s stock worth $326,211,000 after buying an additional 277,832 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Murphy Oil Corp. by 5.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,111,370 shares of the company’s stock worth $162,286,000 after buying an additional 286,788 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

About Murphy Oil Corp.

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