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MUR

Murphy Oil Corporation

6/19/2013, 2:10 AM ET

Quote & Headlines Market Currents StockTalk

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Friday, June 7, 6:01 PM Better get your story straight: Murphy Oil (MUR) says an exploration well drilled in the Browse basin off Western Australia will be plugged and abandoned after failing to find commercial amounts of gas, and expects to expense the well in Q2. Australian partner Santos (STOSF.PK) had said a few hours earlier that it considered the well a discovery. Total (TOT) holds a 50% interest in the well, Santos 30%, MUR 20%. 1 Comment [Energy]
Wednesday, June 5, 5:25 PM ConocoPhillips (COP), Suncor (SU) and Husky Energy (HUSKF.PK) offer the best value among energy shares, with Exxon (XOM) and Murphy Oil (MUR) at the bottom of the value heap, Barclays says. COP will rely on its "unmatched" North American unconventional oil portfolio to get better returns for its investments, the firm says in upgrading shares to Overweight with an $80 target (from $67). 8 Comments [Energy, Quick Ideas]
Thursday, May 9, 11:30 AM The shale bonanza has sparked a switch in the behavior of oil firms: Companies have been selling off assets overseas and pumping money back into the U.S. Conoco (COP) has been involved in six major foreign sales in the past year totaling $11B, and much of it is being redirected into North Dakota and Texas shale. Other firms redirecting overseas assets to the U.S.: HES, DVN, APA, MRO, MUR, NBL. 3 Comments [Energy]
Monday, May 6, 9:27 AM Murphy Oil (MUR) CEO Steve Cossé will step down after the completion of a spinoff of the company's retail gasoline business in H2 of this year; COO Roger Jenkins will replace Cossé, who was appointed CEO in June last year. Comment! [Energy]
Thursday, May 2, 3:59 PM Murphy Oil (MUR -0.4%) plans to file final paperwork with the SEC next week in hopes of receiving approval to spin off its entire U.S. retail division, and will seek a favorable IRS ruling for the spinoff as a tax-free transaction. Also, MUR changes its mind and says it will not sell its 5% stake in Alberta's Syncrude oil sands project and its shale gas properties in western Canada. 1 Comment [Energy]
Wednesday, May 1, 5:06 PM Murphy Oil (MUR): Q1 EPS of $1.08 beats by $0.07. Revenue of $6.63B misses by $0.54B. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 1, 12:10 AM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP Comment! [Earnings]
Tuesday, April 30, 5:35 PM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP 2 Comments [Earnings]
Wednesday, April 3, 3:35 PM Murphy Oil Corporation (MUR) declares $0.3125/share quarterly dividend, in line with previous. Forward yield 1.99%. For shareholders of record May 17. Payable June 03. Ex-div date May 15. (PR) Comment! [Dividends]
Friday, February 15, 11:43 AM Murphy Oil (MUR +0.7%) is initiated with a Buy rating and $71 price target at Brean Murray. This year looks to be catalyst-laden, the firm says, with MUR's possible downstream segment spinoff expected midyear, a 12-15 well international exploration program, and oily production growth from ramping activity in its North American resource plays. Comment! [Energy, Quick Ideas]
Friday, February 1, 10:13 AM Canadian Oil Sands' (COSWF.OB) Q4 EPS fell to C$0.46 from C$0.48, while cash flow improved to C$0.86/share from C$0.75. COS projects 2013 cash flow at C$2.16/share, below 2012's C$3.26. CEO Marcel Coutu says COS is looking at acquiring Murphy Oil’s (MUR) stake in the Syncrude project; MUR wants to sell its 5% stake, which produced 299 bbl/day in Q4. 1 Comment [Energy]
Wednesday, January 30, 5:05 PM Murphy Oil (MUR): Q4 EPS of $0.82 misses by $0.56. Revenue of $7.39B beats by $0.58B. Shares -1.4% AH. (PR) Comment! [Earnings, Breaking News, On the Move]
Wednesday, January 30, 12:10 AM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Tuesday, January 29, 5:35 PM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Tuesday, January 8, 9:49 AM Murphy Oil (MUR -0.2%) appoints R. Andrew Clyde as President and CEO of retail marketing subsidiary Murphy Oil USA. Clyde is a partner in Booz & Company's global energy practice and has 20-plus years of experience in management consulting, with specific focus on the downstream value chain and gasoline and convenience retailing. Comment! [Energy]
Wednesday, December 26, 2012, 9:36 AM Murphy Oil (MUR) reaches a deal to build gas stations at over 200 Wal-Mart (WMT) supercenters in the Midwest and South. It expects the buildout to be finished within 3 years. In August, the companies teamed up for a gas discount promotion involving existing Murphy stations at Wal-Mart stores. Comment! [Consumer, Energy]