Is Murphy Oil (MUR) a Buy or a Sell? What Does Stephens Think?

Murphy Oil Corporation (NYSE:MUR) Logo

Investors sentiment increased to 1.1 in 2018 Q2. Its up 0.11, from 0.99 in 2018Q1. It improved, as 26 investors sold Murphy Oil Corporation shares while 94 reduced holdings. 43 funds opened positions while 89 raised stakes. 147.50 million shares or 6.29% less from 157.41 million shares in 2018Q1 were reported.

The California-based Eqis Mgmt Incorporated has invested 0.09% in Murphy Oil Corporation (NYSE:MUR). Nuwave Lc holds 0.07% or 1,603 shares. 171,500 are owned by Spark Inv Mgmt Ltd. Retirement Sys Of Alabama owns 435,442 shares. Bnp Paribas Asset Mngmt Holdings has invested 0.01% in Murphy Oil Corporation (NYSE:MUR). Cadence Cap Limited Liability, a Massachusetts-based fund reported 23,879 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems holds 0.02% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 43,904 shares. Citigroup owns 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 352,619 shares. Moreover, Ghp Invest has 0.03% invested in Murphy Oil Corporation (NYSE:MUR) for 6,415 shares. Farmers Merchants Inc holds 0% or 500 shares. Dimensional Fund Advsrs L P holds 0.08% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 5.66 million shares. Swiss Bancshares reported 285,400 shares stake. Louisiana State Employees Retirement owns 43,900 shares for 0.07% of their portfolio. First Manhattan holds 8,040 shares or 0% of its portfolio. Meyer Handelman Co holds 0.02% or 9,000 shares in its portfolio.

Since November 16, 2018, it had 1 buying transaction, and 1 sale for $234,127 activity. 10,000 shares valued at $316,036 were bought by DEMING CLAIBORNE P on Monday, November 19.

Why Has Stephens Given Murphy Oil (MUR) a $38.0 Price Target

Stephens revealed to clients and investors in an analysts report that it has initiated coverage on Murphy Oil (MUR) stock, with Equal-Weight rating and a $38.0 TP.

The stock decreased 2.45% or $0.76 during the last trading session, reaching $30.22. About 2.35M shares traded or 20.32% up from the average. Murphy Oil Corporation (MUR) has risen 28.14% since December 7, 2017 and is uptrending. It has outperformed by 12.52% the S&P500.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on January, 30. They expect $0.52 EPS, up 550.00 % or $0.44 from last year’s $0.08 per share. MUR’s profit will be $89.99M for 14.53 P/E if the $0.52 EPS becomes a reality. After $0.35 actual EPS reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts 48.57 % EPS growth.

Murphy Oil Corporation operates as an gas and oil exploration and production firm worldwide. The company has market cap of $5.23 billion. It explores for and produces crude oil, natural gas, and natural gas liquids. It has a 277.25 P/E ratio. The firm was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

More notable recent Murphy Oil Corporation (NYSE:MUR) news were published by: Seekingalpha.com which released: “Murphy Oil Cleans The Table Again – Seeking Alpha” on November 16, 2018, also Streetinsider.com with their article: “Stephens Starts Murphy Oil Corp. (MUR) at Equal Weight – StreetInsider.com” published on December 06, 2018, Seekingalpha.com published: “Murphy Oil: Key Takeaways From The Third Quarter – Seeking Alpha” on November 27, 2018. More interesting news about Murphy Oil Corporation (NYSE:MUR) were released by: Seekingalpha.com and their article: “Murphy Oil Has More Upside Potential – Seeking Alpha” published on May 22, 2018 as well as Nasdaq.com‘s news article titled: “Energy Sector Update for 12/03/2018: TOPS,PBR,MUR,NGL,TGE – Nasdaq” with publication date: December 03, 2018.

Murphy Oil Corporation (NYSE:MUR) Institutional Positions Chart

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