Murphy Oil (MUR) Hit With “Buy” Rating From MKM Partners, Analysts Expect $44.0 Stock Price

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 is positive, 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.

Bnp Paribas Asset Management reported 31,200 shares. Loring Wolcott Coolidge Fiduciary Advsr Llp Ma invested in 0% or 1,125 shares. Millennium Ltd Liability holds 235,893 shares or 0.01% of its portfolio. New Mexico Educational Retirement Board holds 38,100 shares or 0.05% of its portfolio. New York State Teachers Retirement Systems owns 296,770 shares. Pacific Heights Asset Limited Company reported 0.69% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Proshare Advsr Lc holds 23,243 shares or 0.01% of its portfolio. Hsbc Public Ltd Company holds 0% or 72,185 shares in its portfolio. Jpmorgan Chase reported 237,021 shares or 0% of all its holdings. Manchester Capital Management Limited Liability reported 80 shares or 0% of all its holdings. Laurion Management Limited Partnership accumulated 166,470 shares or 0.05% of the stock. 26,307 are owned by Cornerstone Ptnrs Limited Liability. Susquehanna Ltd Liability Partnership reported 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Choate Invest Advsrs holds 0.02% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 8,621 shares. Wellington Gp Limited Liability Partnership owns 0% invested in Murphy Oil Corporation (NYSE:MUR) for 267,523 shares.

Since November 16, 2018, it had 1 insider buy, and 1 insider sale for $234,127 activity. HAMMOCK KELLI M sold $81,909 worth of stock or 2,595 shares.

Why Has MKM Partners Given Murphy Oil (MUR) a $44.0 Price Target

MKM Partners sent to investors and clients in a research report that it started coverage on Murphy Oil (MUR) stock, with “Buy” rating and a $44.0 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 earnings per share, 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 earnings per share 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: Key Takeaways From The Third Quarter – Seeking Alpha” on November 27, 2018, also Seekingalpha.com with their article: “Murphy Oil says returning to offshore exploration – Seeking Alpha” published on August 09, 2018, Investorplace.com published: “5 Energy Stocks That Are Fueling Up – Investorplace.com” on November 30, 2018. More interesting news about Murphy Oil Corporation (NYSE:MUR) were released by: Seekingalpha.com and their article: “Murphy Oil Cleans The Table Again – Seeking Alpha” published on November 16, 2018 as well as Seekingalpha.com‘s news article titled: “Murphy Oil’s Second Quarter 2018 Results Analysis – Seeking Alpha” with publication date: September 04, 2018.

Murphy Oil Corporation (NYSE:MUR) Institutional Positions Chart

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