Murphy Oil (NYSE:MUR) PT Raised to $54.00 at KeyCorp

Murphy Oil (NYSE:MUR) had its price target increased by KeyCorp from $50.00 to $54.00 in a research note released on Monday, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas producer’s stock.

A number of other equities research analysts have also commented on MUR. JPMorgan Chase & Co. raised their price target on Murphy Oil from $51.00 to $52.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Piper Sandler raised their target price on shares of Murphy Oil from $49.00 to $55.00 and gave the stock an overweight rating in a report on Friday, April 19th. Roth Mkm reiterated a buy rating on shares of Murphy Oil in a report on Wednesday, March 20th. Truist Financial raised their price objective on shares of Murphy Oil from $58.00 to $59.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, Barclays assumed coverage on shares of Murphy Oil in a research note on Wednesday, April 10th. They issued an equal weight rating and a $54.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $50.64.

Murphy Oil Stock Up 0.5 %

Shares of NYSE MUR opened at $46.45 on Monday. Murphy Oil has a 52-week low of $32.80 and a 52-week high of $49.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.89. The stock has a market cap of $7.09 billion, a P/E ratio of 11.01 and a beta of 2.21. The firm has a 50 day moving average price of $43.64 and a 200 day moving average price of $42.67.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results 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 net margin of 19.12% and a return on equity of 13.02%. The firm had revenue of $844.20 million during the quarter, compared to analyst estimates of $852.24 million. During the same period last year, the firm earned $1.10 EPS. Murphy Oil’s quarterly revenue was down 13.4% on a year-over-year basis. Analysts expect that Murphy Oil will post 4.71 EPS for the current year.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s dividend payout ratio is currently 28.44%.

Insider Activity at Murphy Oil

In other Murphy Oil news, VP Louis W. Utsch sold 30,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the transaction, the vice president now owns 9,504 shares of the company’s stock, valued at approximately $379,589.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Murphy Oil news, VP Louis W. Utsch sold 30,260 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the sale, the vice president now directly owns 9,504 shares of the company’s stock, valued at $379,589.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul D. Vaughan sold 6,000 shares of Murphy Oil stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $39.61, for a total transaction of $237,660.00. Following the completion of the transaction, the vice president now directly owns 11,877 shares of the company’s stock, valued at approximately $470,447.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,260 shares of company stock valued at $6,322,644. Insiders own 5.92% of the company’s stock.

Institutional Trading of Murphy Oil

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bruce G. Allen Investments LLC acquired a new position in shares of Murphy Oil during the 4th quarter worth approximately $29,000. Rise Advisors LLC bought a new position in Murphy Oil during the first quarter worth $30,000. Lindbrook Capital LLC increased its holdings in shares of Murphy Oil by 47.7% in the first quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 233 shares during the last quarter. Headinvest LLC acquired a new position in shares of Murphy Oil in the third quarter valued at $70,000. Finally, CWM LLC lifted its stake in shares of Murphy Oil by 14.0% during the 1st quarter. CWM LLC now owns 2,547 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 313 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Company Profile

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.