Murphy Oil (NYSE:MUR) Given New $38.00 Price Target at UBS Group

Murphy Oil (NYSE:MUR) had its price objective trimmed by UBS Group from $39.00 to $38.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas producer’s stock.

A number of other analysts have also recently weighed in on MUR. JPMorgan Chase & Co. dropped their price objective on shares of Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company cut their target price on Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, September 27th. Mizuho decreased their price target on Murphy Oil from $59.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. BMO Capital Markets lowered their price target on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Finally, Barclays decreased their target price on shares of Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.92.

Murphy Oil Stock Up 2.5 %

NYSE:MUR opened at $33.00 on Monday. The stock has a 50-day simple moving average of $33.71 and a 200 day simple moving average of $37.82. Murphy Oil has a one year low of $30.99 and a one year high of $49.14. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 10.65 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). The business had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company’s quarterly revenue was down 21.0% on a year-over-year basis. During the same period last year, the firm posted $1.59 earnings per share. Sell-side analysts predict that Murphy Oil will post 3.3 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Murphy Oil’s payout ratio is 38.71%.

Institutional Investors Weigh In On Murphy Oil

A number of institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its position in shares of Murphy Oil by 138.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,702 shares of the oil and gas producer’s stock valued at $1,357,000 after acquiring an additional 17,265 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Murphy Oil by 21.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 218,739 shares of the oil and gas producer’s stock worth $9,021,000 after buying an additional 38,334 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Murphy Oil by 24.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 166,316 shares of the oil and gas producer’s stock valued at $6,859,000 after buying an additional 32,411 shares in the last quarter. Cetera Investment Advisers bought a new stake in Murphy Oil in the first quarter valued at $1,700,000. Finally, AXA S.A. raised its stake in Murphy Oil by 86.5% during the second quarter. AXA S.A. now owns 132,710 shares of the oil and gas producer’s stock worth $5,473,000 after acquiring an additional 61,537 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, 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.