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 "buy" MUR shares.
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11 analysts have issued twelve-month price objectives for Murphy Oil's stock. Their MUR share price forecasts range from $38.00 to $59.00. On average, they expect the company's stock price to reach $47.50 in the next year. This suggests a possible upside of 30.3% 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 shares have decreased by 15.3% and is now trading at $36.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Murphy Oil Co. (NYSE:MUR) posted its quarterly earnings results on Wednesday, May, 3rd. The oil and gas producer reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.29. The oil and gas producer had revenue of $841.72 million for the quarter, compared to the consensus estimate of $777.23 million. Murphy Oil had a net margin of 30.08% and a trailing twelve-month return on equity of 19.42%. The business's revenue for the quarter was up 52.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share.

Murphy Oil announced a quarterly dividend on Wednesday, April 5th. Stockholders of record on Monday, May 15th will be given a dividend of $0.275 per share on Thursday, June 1st. This represents a $1.10 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, May 12th.
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), Invesco Dynamic Energy Exploration & Production ETF (PXE), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Inspire Faithward Mid Cap Momentum ETF (GLRY), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH).

Murphy Oil (NYSE:MUR) pays an annual dividend of $1.10 per share and currently has a dividend yield of 3.02%. 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 13.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MUR will have a dividend payout ratio of 16.44% 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 investors include BlackRock Inc. (11.70%), Dimensional Fund Advisors LP (4.83%), State Street Corp (4.43%), Hotchkis & Wiley Capital Management LLC (4.11%), FMR LLC (3.31%) and Geode Capital Management LLC (1.80%). 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 $36.45.

Murphy Oil (NYSE:MUR) has a market capitalization of $5.69 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 $8.07 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.