Published On: Sun, Sep 18th, 2016

Murphy Oil Corp. (MUR) Short Interest Update

Murphy Oil Corp. (NYSE:MUR) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 25,193,787 shares, a drop of 15.6% from the August 15th total of 29,864,916 shares. Approximately 15.5% of the company’s stock are sold short. Based on an average daily volume of 2,539,189 shares, the days-to-cover ratio is currently 9.9 days.
MUR has been the topic of several research analyst reports. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Barclays PLC upgraded shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $33.00 to $42.00 in a research note on Wednesday, July 13th. Zacks Investment Research lowered shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Credit Agricole SA restated a “sell” rating on shares of Murphy Oil Corp. in a research note on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Murphy Oil Corp. currently has an average rating of “Hold” and a consensus target price of $26.30.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 26.19 on Friday. The stock’s market cap is $4.51 billion. Murphy Oil Corp. has a 12-month low of $14.30 and a 12-month high of $37.48. The company’s 50-day moving average is $28.08 and its 200-day moving average is $28.61.

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Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating the Zacks’ 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 quarter in the prior year, the business posted ($0.48) EPS. On average, analysts expect that Murphy Oil Corp. will post ($1.29) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.82%. Murphy Oil Corp.’s dividend payout ratio (DPR) is -7.24%.
In related news, Director Robert Madison Murphy purchased 22,594 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average cost of $21.93 per share, for a total transaction of $495,486.42. The purchase was disclosed in a document filed with the SEC, which is available through this link. 6.39% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MUR. Legal & General Group Plc increased its position in Murphy Oil Corp. by 13.1% in the first quarter. Legal & General Group Plc now owns 1,030,188 shares of the company’s stock worth $25,946,000 after buying an additional 119,032 shares during the period. Geode Capital Management LLC increased its position in Murphy Oil Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,338,696 shares of the company’s stock worth $33,655,000 after buying an additional 33,876 shares during the period. Babson Capital Management LLC increased its position in Murphy Oil Corp. by 30.4% in the first quarter. Babson Capital Management LLC now owns 18,433 shares of the company’s stock worth $464,000 after buying an additional 4,300 shares during the period. Virginia Retirement System bought a new position in Murphy Oil Corp. during the first quarter worth approximately $8,163,000. Finally, Spark Investment Management LLC bought a new position in Murphy Oil Corp. during the first quarter worth approximately $1,722,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.
About Murphy Oil Corp.
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.

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