Murphy Oil (MUR) Stock Forecast, Price & News

11 Wall Street 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 analysts is that investors should "moderate buy" MUR shares.
View MUR analyst ratings or view top-rated stocks.

11 analysts have issued 1 year target prices for Murphy Oil's shares. Their MUR share price forecasts range from $41.00 to $56.00. On average, they anticipate the company's share price to reach $49.10 in the next twelve months. This suggests a possible upside of 5.9% from the stock's current price.
View analysts price targets for MUR or view top-rated stocks among Wall Street analysts.

Murphy Oil's stock was trading at $43.01 at the beginning of 2023. Since then, MUR stock has increased by 7.8% and is now trading at $46.36.
View the best growth stocks for 2023 here.

Murphy Oil saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,400,000 shares, a decrease of 17.9% from the August 15th total of 5,360,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is presently 2.7 days. Approximately 3.0% of the company's shares are sold short.
View Murphy Oil's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our MUR earnings forecast.

Murphy Oil will be holding an earnings conference call on Thursday, November 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Murphy Oil Co. (NYSE:MUR) posted its earnings results on Thursday, August, 3rd. The oil and gas producer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The oil and gas producer earned $814.60 million during the quarter, compared to the consensus estimate of $779.77 million. Murphy Oil had a trailing twelve-month return on equity of 15.09% and a net margin of 25.86%. The company's revenue for the quarter was down 26.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.93 EPS.

Murphy Oil declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Monday, August 14th will be given a dividend of $0.275 per share on Friday, September 1st. This represents a $1.10 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, August 11th.
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).

Murphy Oil (NYSE:MUR) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.44%. 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 17.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MUR will have a dividend payout ratio of 18.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MUR.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MUR."

Murphy Oil's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.82%), Dimensional Fund Advisors LP (4.94%), State Street Corp (4.29%), Hotchkis & Wiley Capital Management LLC (3.72%), Geode Capital Management LLC (1.91%) and Earnest Partners LLC (1.57%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of MUR stock can currently be purchased for approximately $46.36.

Murphy Oil (NYSE:MUR) has a market capitalization of $7.24 billion and generates $3.93 billion in revenue each year. The oil and gas producer earns $965.05 million in net income (profit) each year or $6.46 on an earnings per share basis.

The company employs 691 workers across the globe.

Murphy Oil's mailing address is 300 PEACH STREET P.O. BOX 7000, EL DORADO AR, 71731. The official website for the company is www.murphyoilcorp.com. The oil and gas producer can be reached via phone at (281) 675-9000, via email at investorrelations@murphyoilcorp.com, or via fax at 870-864-6373.