BlackRock Inc. Acquires New Shares in Murphy Oil Corporation $MUR

BlackRock Inc. acquired a new position in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,241,833 shares of the oil and gas producer's stock, valued at approximately $626,514,000. BlackRock Inc. owned approximately 13.42% of Murphy Oil as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Pallas Capital Advisors LLC purchased a new stake in shares of Murphy Oil in the second quarter worth about $532,000. Deutsche Bank AG bought a new position in shares of Murphy Oil in the second quarter valued at approximately $6,866,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Murphy Oil during the second quarter valued at approximately $54,000. Bank of New York Mellon Corp purchased a new position in Murphy Oil during the second quarter valued at approximately $49,681,000. Finally, State of Wyoming bought a new stake in Murphy Oil during the 2nd quarter worth approximately $134,000. Institutional investors own 78.31% of the company's stock.

Murphy Oil Stock Down 0.1%

Shares of NYSE:MUR opened at $37.38 on Monday. The firm has a market capitalization of $5.36 billion, a PE ratio of 18.51 and a beta of 0.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Murphy Oil Corporation has a 52-week low of $22.62 and a 52-week high of $43.34. The firm has a fifty day moving average of $35.53 and a 200 day moving average of $36.59.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The firm had revenue of $926.33 million for the quarter, compared to the consensus estimate of $888.51 million. During the same period last year, the firm earned $0.27 EPS. The company's revenue for the quarter was up 33.5% on a year-over-year basis. As a group, research analysts anticipate that Murphy Oil Corporation will post 2.77 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.7%. Murphy Oil's payout ratio is presently 69.31%.

Key Stories Impacting Murphy Oil

Here are the key news stories impacting Murphy Oil this week:

• Negative Sentiment: Zacks sharply lowered its Q3 2026 EPS forecast to $0.39 from $0.89 and cut its FY2027 estimate to $2.50 from $2.86. FY2028 EPS was also reduced to $2.65 from $2.87. Additional cuts affected Q1 and Q2 2027 and Q1 and Q2 2028 estimates, reinforcing concerns about Murphy Oil’s medium-term earnings trajectory.
• Negative Sentiment: Zacks trimmed its FY2026 EPS forecast slightly to $2.97 from $2.98, versus the broader consensus estimate of $2.98. The revisions suggest analysts may be reassessing commodity-price assumptions, production expectations, or operating costs.
• Positive Sentiment: One offsetting revision was a higher Q4 2027 EPS forecast of $0.77, up from $0.69, although this isolated increase was outweighed by the broader reductions.
• Neutral Sentiment: Murphy Oil shares recently gained 3.8% in one session and were reported to be up 79.3% over the past year. However, GuruFocus calculated a GF Value of $35.90 versus a referenced price of $38.28, suggesting the stock may be modestly above that valuation measure. A Look at Murphy Oil Corp After 3.8% Gain

Analyst Upgrades and Downgrades

Several research firms have issued reports on MUR. Wall Street Zen cut shares of Murphy Oil from a "buy" rating to a "hold" rating in a research note on Saturday, June 27th. Roth Capital reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Murphy Oil in a report on Thursday, May 7th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.00 price target on shares of Murphy Oil in a report on Wednesday, May 13th. Jefferies Financial Group downgraded Murphy Oil from a "buy" rating to an "underperform" rating in a research report on Thursday, June 4th. Finally, UBS Group reduced their target price on Murphy Oil from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $37.58.

Murphy Oil Company Profile

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.

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