Murphy Oil Co. (NYSE:MUR) Receives $47.91 Average PT from Brokerages

Shares of Murphy Oil Co. (NYSE:MUR) have been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $47.18.

Several research firms have weighed in on MUR. StockNews.com cut Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Barclays dropped their price objective on Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Wolfe Research assumed coverage on Murphy Oil in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group dropped their target price on shares of Murphy Oil from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. Finally, Truist Financial reduced their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. raised its position in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 518 shares during the last quarter. Rise Advisors LLC acquired a new stake in Murphy Oil during the 1st quarter valued at approximately $30,000. Lindbrook Capital LLC raised its holdings in Murphy Oil by 47.7% during the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 233 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Murphy Oil by 1,434.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 1,205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Murphy Oil by 27.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock valued at $96,000 after purchasing an additional 447 shares during the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Stock Up 0.8 %

Shares of NYSE MUR opened at $34.17 on Wednesday. The stock has a market capitalization of $5.16 billion, a P/E ratio of 9.52 and a beta of 2.21. The stock’s fifty day moving average is $38.17 and its 200 day moving average is $41.42. Murphy Oil has a 52 week low of $33.15 and a 52 week high of $49.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $802.80 million during the quarter, compared to analysts’ expectations of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 EPS. Sell-side analysts forecast that Murphy Oil will post 3.99 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. Murphy Oil’s dividend payout ratio is 33.43%.

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.