Murphy Oil Corporation (NYSE:MUR) Receives $36.82 Average PT from Brokerages

Shares of Murphy Oil Corporation (NYSE:MURGet Free Report) have been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $37.75.

A number of brokerages have issued reports on MUR. Mizuho increased their price target on Murphy Oil from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wells Fargo & Company upped their target price on Murphy Oil from $32.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. KeyCorp upgraded Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Thursday. Johnson Rice raised shares of Murphy Oil from a “hold” rating to an “accumulate” rating in a research note on Wednesday, March 25th. Finally, Scotiabank reissued a “sector perform” rating and issued a $44.00 price target on shares of Murphy Oil in a report on Wednesday, May 13th.

Check Out Our Latest Research Report on Murphy Oil

Insider Buying and Selling at Murphy Oil

In related news, SVP Daniel R. Hanchera sold 47,320 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $33.79, for a total transaction of $1,598,942.80. Following the completion of the transaction, the senior vice president owned 36,166 shares in the company, valued at $1,222,049.14. This represents a 56.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.79% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Murphy Oil

Several large investors have recently bought and sold shares of MUR. CIBC Private Wealth Group LLC purchased a new position in shares of Murphy Oil in the fourth quarter valued at approximately $26,000. Leonteq Securities AG purchased a new stake in shares of Murphy Oil during the first quarter worth approximately $29,000. Valued Wealth Advisors LLC raised its stake in Murphy Oil by 14,700.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 735 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Murphy Oil by 67.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 440 shares during the last quarter. Finally, Torren Management LLC purchased a new position in Murphy Oil in the 4th quarter valued at $37,000. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Stock Up 2.2%

MUR opened at $40.04 on Friday. The company has a fifty day moving average of $39.16 and a two-hundred day moving average of $34.94. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 67.86 and a beta of 0.50. Murphy Oil has a fifty-two week low of $21.39 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83.

Murphy Oil (NYSE:MURGet Free Report) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The business had revenue of $732.35 million for the quarter, compared to analyst estimates of $702.96 million. During the same period in the prior year, the company posted $0.56 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, research analysts expect that Murphy Oil will post 3.44 earnings per share for the current year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were given a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.5%. Murphy Oil’s dividend payout ratio (DPR) is 237.29%.

Murphy Oil Company Profile

(Get Free Report)

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.

Further Reading

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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