Murphy Oil (NYSE:MUR - Free Report) had its target price lifted by Truist Financial from $58.00 to $59.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the oil and gas producer's stock.
Several other analysts have also recently issued reports on MUR. KeyCorp dropped their target price on Murphy Oil from $53.00 to $50.00 and set an overweight rating for the company in a report on Thursday, January 11th. Piper Sandler dropped their target price on Murphy Oil from $50.00 to $49.00 and set an overweight rating for the company in a report on Tuesday, January 30th. Roth Mkm restated a buy rating on shares of Murphy Oil in a report on Wednesday, March 20th. Mizuho reaffirmed a buy rating and issued a $53.00 price target (up previously from $50.00) on shares of Murphy Oil in a research note on Thursday, March 21st. Finally, UBS Group decreased their price target on Murphy Oil from $45.00 to $43.00 and set a neutral rating on the stock in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $47.55.
Check Out Our Latest Stock Analysis on Murphy Oil
Murphy Oil Price Performance
Shares of MUR traded up $0.55 during trading hours on Friday, hitting $48.97. 1,234,676 shares of the stock were exchanged, compared to its average volume of 1,934,635. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.89. Murphy Oil has a 12-month low of $32.80 and a 12-month high of $49.10. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 11.60 and a beta of 2.21. The stock's 50-day moving average price is $41.48 and its two-hundred day moving average price is $42.48.
Murphy Oil (NYSE:MUR - Get Free Report) last issued its earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.10). The company had revenue of $844.20 million during the quarter, compared to analysts' expectations of $852.24 million. Murphy Oil had a net margin of 19.12% and a return on equity of 13.02%. The firm's quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. Research analysts expect that Murphy Oil will post 4.33 earnings per share for the current year.
Murphy Oil Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil's payout ratio is 28.44%.
Insider Buying and Selling
In related news, VP Maria A. Martinez sold 10,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the transaction, the vice president now owns 40,590 shares of the company's stock, valued at approximately $1,759,576.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Maria A. Martinez sold 10,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the transaction, the vice president now owns 40,590 shares of the company's stock, valued at approximately $1,759,576.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Louis W. Utsch sold 30,260 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total value of $1,208,584.40. Following the transaction, the vice president now directly owns 9,504 shares in the company, valued at approximately $379,589.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 156,260 shares of company stock valued at $6,322,644. Corporate insiders own 5.92% of the company's stock.
Institutional Investors Weigh In On Murphy Oil
A number of hedge funds have recently bought and sold shares of MUR. BlackRock Inc. increased its holdings in shares of Murphy Oil by 4.4% in the 1st quarter. BlackRock Inc. now owns 17,444,116 shares of the oil and gas producer's stock valued at $704,568,000 after acquiring an additional 729,319 shares during the last quarter. Vanguard Group Inc. grew its stake in Murphy Oil by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 16,816,692 shares of the oil and gas producer's stock worth $762,637,000 after buying an additional 137,059 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Murphy Oil by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer's stock worth $335,397,000 after buying an additional 207,547 shares during the last quarter. State Street Corp grew its stake in Murphy Oil by 4.9% during the 1st quarter. State Street Corp now owns 7,815,843 shares of the oil and gas producer's stock worth $315,682,000 after buying an additional 365,686 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Murphy Oil by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 2,806,617 shares of the oil and gas producer's stock worth $103,789,000 after buying an additional 98,855 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company's stock.
About Murphy Oil
(
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Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, 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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