Murphy Oil Stock Price, News & Analysis (NYSE:MUR)

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Murphy Oil in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MUR shares.
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11 Wall Street research analysts have issued 12-month price objectives for Murphy Oil's stock. Their MUR share price targets range from $41.00 to $57.00. On average, they predict the company's share price to reach $49.55 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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Murphy Oil's stock was trading at $43.01 at the beginning of 2023. Since then, MUR stock has increased by 0.6% and is now trading at $43.26.
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Murphy Oil saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 5,390,000 shares, a decrease of 19.3% from the October 31st total of 6,680,000 shares. Based on an average trading volume of 1,480,000 shares, the short-interest ratio is presently 3.6 days. Approximately 3.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 25th 2024.
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Murphy Oil Co. (NYSE:MUR) announced its quarterly earnings results on Thursday, November, 2nd. The oil and gas producer reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The oil and gas producer earned $959.65 million during the quarter, compared to the consensus estimate of $899.35 million. Murphy Oil had a trailing twelve-month return on equity of 13.89% and a net margin of 20.74%.

Murphy Oil declared a quarterly dividend on Wednesday, October 4th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.275 per share on Friday, December 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Friday, November 10th.
Read our dividend analysis for MUR.

Murphy Oil (NYSE:MUR) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MUR will have a dividend payout ratio of 18.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MUR.

ETFs with the largest weight of Murphy Oil (NYSE:MUR) stock in their portfolio include Inspire Faithward Mid Cap Momentum ETF (GLRY), Invesco Energy Exploration & Production ETF (PXE), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Invesco Dorsey Wright Energy Momentum ETF (PXI), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Alpha Architect U.S. Quantitative Value ETF (QVAL) and Invesco S&P MidCap Value with Momentum ETF (XMVM).

57 employees have rated Murphy Oil Chief Executive Officer Roger W. Jenkins on Glassdoor.com. Roger W. Jenkins has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Murphy Oil investors own include Intel (INTC), AT&T (T), Exxon Mobil (XOM), Pfizer (PFE), Cisco Systems (CSCO), General Electric (GE), Walt Disney (DIS), Gilead Sciences (GILD), Chevron (CVX) and Micron Technology (MU).

Murphy Oil's stock is owned by a number of institutional and retail investors. Top institutional investors include Earnest Partners LLC (1.66%), Northern Trust Corp (1.48%), Bank of New York Mellon Corp (1.40%), Invesco Ltd. (1.26%), Charles Schwab Investment Management Inc. (1.11%) and Cadence Bank (1.07%). Insiders that own company stock include Christopher D Hulse, E Ted Botner, Elisabeth W Keller, Eric M Hambly, John B Gardner, Kelly L Whitley, Laura A Sugg, Lawrence R Dickerson, Louis W Utsch, Louis W Utsch, Maria A Martinez, Paul D Vaughan, Robert Madison Murphy, Roger W Jenkins, T Jay Collins, Thomas J Mireles and Walentin Mirosh.
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Shares of MUR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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