Murphy Oil - MUR Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Murphy Oil in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MUR shares.
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10 equities research analysts have issued 1-year price targets for Murphy Oil's stock. Their MUR share price forecasts range from $38.00 to $61.00. On average, they anticipate the company's stock price to reach $49.11 in the next year. This suggests a possible upside of 42.4% 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 decreased by 19.8% and is now trading at $34.50.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Murphy Oil Co. (NYSE:MUR) released its quarterly earnings data on Thursday, January, 26th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by $0.08. The oil and gas producer had revenue of $975.20 million for the quarter, compared to analysts' expectations of $835.62 million. Murphy Oil had a trailing twelve-month return on equity of 18.82% and a net margin of 24.54%. The company's revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS.

Murphy Oil announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Monday, February 13th will be paid a dividend of $0.275 per share on Wednesday, March 1st. This represents a $1.10 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 10th. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for MUR.

ETFs with the largest weight of Murphy Oil (NYSE:MUR) stock in their portfolio include Invesco DWA Energy Momentum ETF (PXI), First Trust Nasdaq Oil & Gas ETF (FTXN), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Inspire Faithward Mid Cap Momentum ETF (GLRY), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and Invesco S&P MidCap Quality ETF (XMHQ).

Murphy Oil (NYSE:MUR) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.13%. 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 17.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MUR will have a dividend payout ratio of 16.95% 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 variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.15%), Geode Capital Management LLC (1.74%), Macquarie Group Ltd. (1.40%), Bank of America Corp DE (1.38%), Marshall Wace LLP (1.10%) and First Trust Advisors LP (1.06%). 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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One share of MUR stock can currently be purchased for approximately $34.50.

Murphy Oil (NYSE:MUR) has a market capitalization of $5.37 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 $6.12 on an earnings per share basis.

The company employs 696 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.