Murphy Oil Co. (NYSE:MUR) Given Consensus Rating of “Hold” by Analysts

Shares of Murphy Oil Co. (NYSE:MUR) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.78.

A number of research firms have recently weighed in on MUR. Truist increased their target price on shares of Murphy Oil from $24.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 1st. They noted that the move was a valuation call. Mizuho increased their price objective on Murphy Oil from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, July 15th. TheStreet upgraded Murphy Oil from a “d+” rating to a “c-” rating in a research note on Monday, August 16th. Truist Securities increased their price target on Murphy Oil from $24.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 1st. Finally, Morgan Stanley lifted their price objective on Murphy Oil from $21.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, June 18th.

MUR stock traded down $0.67 during midday trading on Tuesday, hitting $20.47. The company’s stock had a trading volume of 1,655,560 shares, compared to its average volume of 3,144,436. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -4.11 and a beta of 3.22. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 0.68. The stock’s 50-day moving average price is $21.20 and its 200 day moving average price is $20.35. Murphy Oil has a 1 year low of $7.00 and a 1 year high of $25.97.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, August 5th. The oil and gas producer reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.33. Murphy Oil had a negative net margin of 45.55% and a positive return on equity of 1.50%. The company had revenue of $549.60 million for the quarter, compared to the consensus estimate of $597.00 million. During the same period in the previous year, the firm earned ($0.71) EPS. The firm’s quarterly revenue was up 159.9% on a year-over-year basis. As a group, equities analysts forecast that Murphy Oil will post 1.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Monday, August 16th were paid a $0.125 dividend. The ex-dividend date was Friday, August 13th. This represents a $0.50 annualized dividend and a yield of 2.44%. Murphy Oil’s dividend payout ratio is currently -40.00%.

In other news, Director Walentin Mirosh sold 8,000 shares of the stock in a transaction dated Wednesday, June 23rd. The shares were sold at an average price of $25.42, for a total value of $203,360.00. Following the sale, the director now directly owns 41,625 shares of the company’s stock, valued at $1,058,107.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.47% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in Murphy Oil by 763.4% during the first quarter. CWM LLC now owns 2,262 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 2,000 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Murphy Oil by 37.2% during the second quarter. Meeder Asset Management Inc. now owns 1,830 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 496 shares in the last quarter. Pflug Koory LLC bought a new position in shares of Murphy Oil in the second quarter worth approximately $49,000. Deseret Mutual Benefit Administrators purchased a new stake in Murphy Oil in the second quarter valued at approximately $73,000. Finally, Captrust Financial Advisors lifted its position in Murphy Oil by 796.4% during the first quarter. Captrust Financial Advisors now owns 5,522 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 4,906 shares during the last quarter. Institutional investors own 79.01% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead.

Featured Article: How to Use a Moving Average for Trading 

Analyst Recommendations for Murphy Oil (NYSE:MUR)

Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.