Murphy Oil - MUR Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Murphy Oil in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MUR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MUR, but not buy additional shares or sell existing shares.
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9 Wall Street research analysts have issued twelve-month price targets for Murphy Oil's stock. Their MUR share price forecasts range from $38.00 to $73.00. On average, they anticipate the company's share price to reach $52.78 in the next twelve months. This suggests a possible upside of 16.3% from the stock's current price.
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Murphy Oil's stock was trading at $26.11 at the start of the year. Since then, MUR shares have increased by 73.8% and is now trading at $45.37.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Murphy Oil Co. (NYSE:MUR) announced its quarterly earnings results on Thursday, November, 4th. The oil and gas producer reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. The oil and gas producer earned $630.70 million during the quarter, compared to analyst estimates of $582.77 million. Murphy Oil had a trailing twelve-month return on equity of 17.20% and a net margin of 25.27%. Murphy Oil's revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) EPS.

Murphy Oil announced a quarterly dividend on Wednesday, October 5th. Investors of record on Monday, November 14th will be given a dividend of $0.25 per share on Thursday, December 1st. This represents a $1.00 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, November 10th.
Read our dividend analysis for MUR.

Murphy Oil (NYSE:MUR) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MUR will have a dividend payout ratio of 12.84% 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 investors include BlackRock Inc. (11.44%), Vanguard Group Inc. (10.15%), Dimensional Fund Advisors LP (5.40%), State Street Corp (4.37%), Macquarie Group Ltd. (1.67%) and Bank of New York Mellon Corp (1.40%). Insiders that own company stock include Barry FR Jeffery, 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, Maria A Martinez, Neal E Schmale, 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 $45.37.

Murphy Oil (NYSE:MUR) has a market capitalization of $7.05 billion and generates $2.30 billion in revenue each year. The oil and gas producer earns $-73,660,000.00 in net income (profit) each year or $5.94 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.