Murphy Oil Co. (NYSE:MUR) gapped up prior to trading on Monday . The stock had previously closed at $25.69, but opened at $26.34. Murphy Oil shares last traded at $27.30, with a volume of 2264023 shares traded.

MUR has been the subject of several analyst reports. Barclays upped their target price on Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Morgan Stanley upped their target price on Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. ValuEngine downgraded Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Cowen set a $34.00 target price on Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.83.

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.64 and a quick ratio of 1.60.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, February 20th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, February 16th. Murphy Oil’s dividend payout ratio is currently -55.56%.

In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.88, for a total transaction of $965,602.80. Following the transaction, the insider now owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP John B. Gardner sold 3,783 shares of the stock in a transaction that occurred on 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. Corporate insiders own 6.89% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. BancorpSouth Bank acquired a new stake in shares of Murphy Oil during the 4th quarter worth approximately $130,904,000. Ameriprise Financial Inc. raised its position in shares of Murphy Oil by 407.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,057,047 shares of the oil and gas producer’s stock worth $28,073,000 after purchasing an additional 848,930 shares during the period. Schroder Investment Management Group raised its position in shares of Murphy Oil by 351.9% during the 4th quarter. Schroder Investment Management Group now owns 939,234 shares of the oil and gas producer’s stock worth $29,163,000 after purchasing an additional 731,385 shares during the period. Principal Financial Group Inc. raised its position in shares of Murphy Oil by 171.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,018,113 shares of the oil and gas producer’s stock worth $27,041,000 after purchasing an additional 642,930 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Murphy Oil by 19.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,326,099 shares of the oil and gas producer’s stock worth $88,342,000 after purchasing an additional 541,618 shares during the period. 96.23% of the stock is currently owned by institutional investors.

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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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