Murphy Oil Co. (NYSE:MUR) has earned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.68.
Several brokerages recently issued reports on MUR. Johnson Rice began coverage on shares of Murphy Oil in a report on Wednesday, August 26th. They issued a “buy” rating on the stock. Truist began coverage on shares of Murphy Oil in a report on Tuesday, September 1st. They issued a “buy” rating and a $22.00 price objective on the stock. KeyCorp boosted their price objective on shares of Murphy Oil from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. UBS Group boosted their price objective on shares of Murphy Oil from $5.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Finally, MKM Partners upgraded shares of Murphy Oil from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $15.00 to $14.00 in a report on Monday, September 14th.
NYSE MUR opened at $8.81 on Tuesday. Murphy Oil has a 52 week low of $4.50 and a 52 week high of $28.12. The company has a quick ratio of 1.05, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $12.89 and its 200-day simple moving average is $11.69. The firm has a market cap of $1.35 billion, a PE ratio of 5.76 and a beta of 3.24.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas producer reported ($0.71) EPS for the quarter, topping the consensus estimate of ($0.93) by $0.22. The business had revenue of $211.54 million for the quarter, compared to analyst estimates of $388.56 million. Murphy Oil had a negative return on equity of 1.36% and a net margin of 10.64%. The company’s quarterly revenue was down 71.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Research analysts expect that Murphy Oil will post -1.23 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.68%. The ex-dividend date was Friday, August 14th. Murphy Oil’s dividend payout ratio is currently 57.47%.
In other news, Director Walentin Mirosh sold 1,600 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $15.78, for a total transaction of $25,248.00. Following the completion of the transaction, the director now directly owns 27,190 shares of the company’s stock, valued at $429,058.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.59% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Murphy Oil by 27.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 370,399 shares of the oil and gas producer’s stock worth $5,112,000 after buying an additional 78,817 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Murphy Oil by 31.3% during the second quarter. Principal Financial Group Inc. now owns 598,664 shares of the oil and gas producer’s stock worth $8,261,000 after buying an additional 142,866 shares in the last quarter. Bridgeway Capital Management Inc. grew its position in shares of Murphy Oil by 76.7% during the second quarter. Bridgeway Capital Management Inc. now owns 530,000 shares of the oil and gas producer’s stock worth $7,314,000 after buying an additional 230,000 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Murphy Oil by 25.5% in the second quarter. Nuveen Asset Management LLC now owns 429,368 shares of the oil and gas producer’s stock valued at $5,924,000 after purchasing an additional 87,342 shares in the last quarter. Finally, Phocas Financial Corp. boosted its holdings in Murphy Oil by 19.5% in the second quarter. Phocas Financial Corp. now owns 263,553 shares of the oil and gas producer’s stock valued at $3,637,000 after purchasing an additional 43,047 shares in the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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.
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