Murphy Oil Co. (NYSE:MUR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Murphy Oil Co. (NYSE:MUR) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $49.00.

Several research analysts have issued reports on MUR shares. Roth Mkm reiterated a “buy” rating on shares of Murphy Oil in a research note on Wednesday, March 20th. Mizuho increased their price objective on Murphy Oil from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp dropped their price objective on Murphy Oil from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Piper Sandler decreased their target price on Murphy Oil from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Finally, UBS Group lowered their target price on Murphy Oil from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, January 29th.

Insider Transactions at Murphy Oil

In other news, VP Maria A. Martinez sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the transaction, the vice president now directly owns 40,590 shares in the company, valued at approximately $1,759,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Maria A. Martinez sold 10,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the transaction, the vice president now directly owns 40,590 shares in the company, valued at approximately $1,759,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Louis W. Utsch sold 30,260 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total value of $1,208,584.40. Following the transaction, the vice president now owns 9,504 shares of the company’s stock, valued at $379,589.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 156,260 shares of company stock worth $6,322,644. 5.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Murphy Oil

Institutional investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC bought a new position in shares of Murphy Oil during the 4th quarter valued at about $29,000. Rise Advisors LLC bought a new position in shares of Murphy Oil during the 1st quarter valued at about $30,000. Belpointe Asset Management LLC lifted its holdings in shares of Murphy Oil by 68.2% during the 1st quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 365 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Murphy Oil by 7,940.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 794 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of Murphy Oil during the 3rd quarter valued at about $40,000. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $45.21 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $43.01 and a 200 day simple moving average of $42.59. Murphy Oil has a one year low of $32.80 and a one year high of $49.14. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 10.71 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.10). Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The company had revenue of $844.20 million for the quarter, compared to analyst estimates of $852.24 million. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s revenue was down 13.4% compared to the same quarter last year. Sell-side analysts expect that Murphy Oil will post 4.71 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 2.65%. Murphy Oil’s payout ratio is currently 28.44%.

About Murphy Oil

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.