Murphy Oil (NYSE:MUR) PT Raised to $54.00

Murphy Oil (NYSE:MUR - Free Report) had its price target boosted by KeyCorp from $50.00 to $54.00 in a research note released on Monday, Benzinga reports. KeyCorp currently has an overweight rating on the oil and gas producer's stock.

Other equities research analysts have also recently issued research reports about the company. Roth Mkm reiterated a buy rating on shares of Murphy Oil in a research note on Wednesday, March 20th. Scotiabank cut Murphy Oil from a sector outperform rating to a sector perform rating and upped their price objective for the stock from $46.00 to $50.00 in a research note on Thursday, April 11th. UBS Group dropped their price objective 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. Truist Financial upped their price objective on Murphy Oil from $58.00 to $59.00 and gave the stock a buy rating in a research note on Friday, April 5th. Finally, Barclays initiated coverage on Murphy Oil in a research note on Wednesday, April 10th. They set an equal weight rating and a $54.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $50.64.

Murphy Oil Stock Up 0.1 %

Shares of NYSE MUR traded up $0.06 during mid-day trading on Monday, reaching $46.06. 1,118,871 shares of the company's stock were exchanged, compared to its average volume of 1,833,507. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 10.91 and a beta of 2.21. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $43.32 and a 200 day simple moving average of $42.62. Murphy Oil has a twelve month low of $32.80 and a twelve month high of $49.14.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.10). The firm had revenue of $844.20 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $1.10 EPS. As a group, equities analysts expect that Murphy Oil will post 4.71 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. Murphy Oil's dividend payout ratio is currently 28.44%.

Insider Buying and Selling

In related news, VP Paul D. Vaughan sold 6,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $39.61, for a total transaction of $237,660.00. Following the completion of the sale, the vice president now directly owns 11,877 shares in the company, valued at approximately $470,447.97. The sale was disclosed in a filing with the SEC, which is available through this link. In other Murphy Oil 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 value of $433,500.00. Following the completion of the transaction, the vice president now directly owns 40,590 shares in the company, valued at $1,759,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul D. Vaughan sold 6,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $39.61, for a total value of $237,660.00. Following the completion of the transaction, the vice president now owns 11,877 shares of the company's stock, valued at $470,447.97. The disclosure for this sale can be found here. Insiders sold a total of 156,260 shares of company stock worth $6,322,644 in the last ninety days. 5.95% of the stock is owned by insiders.

Institutional Investors Weigh In On Murphy Oil

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC acquired a new stake in Murphy Oil during the fourth quarter worth approximately $29,000. Rise Advisors LLC acquired a new stake in Murphy Oil in the first quarter valued at approximately $30,000. Headinvest LLC acquired a new position in shares of Murphy Oil during the third quarter worth approximately $70,000. CWM LLC lifted its holdings in shares of Murphy Oil by 14.0% in the 1st quarter. CWM LLC now owns 2,547 shares of the oil and gas producer's stock worth $116,000 after purchasing an additional 313 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in Murphy Oil during the 4th quarter valued at $151,000. Institutional investors and hedge funds own 78.31% of the company's stock.

About Murphy Oil

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.