Mizuho Increases Murphy Oil (NYSE:MUR) Price Target to $55.00

Murphy Oil (NYSE:MUR) had its price objective boosted by equities research analysts at Mizuho from $53.00 to $55.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas producer’s stock. Mizuho’s target price suggests a potential upside of 19.70% from the stock’s current price.

Several other research firms have also weighed in on MUR. Barclays assumed coverage on Murphy Oil in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $54.00 price target on the stock. Roth Mkm reiterated a “buy” rating on shares of Murphy Oil in a research note on Wednesday, March 20th. KeyCorp reduced their target price 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 reduced their target price on Murphy Oil from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Finally, Truist Financial lifted their target price on Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Murphy Oil has a consensus rating of “Moderate Buy” and a consensus target price of $48.38.

Murphy Oil Stock Down 1.2 %

NYSE:MUR opened at $45.95 on Monday. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 10.89 and a beta of 2.21. Murphy Oil has a twelve month low of $32.80 and a twelve month high of $49.14. The stock’s 50 day moving average price is $42.72 and its two-hundred day moving average price is $42.55. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.10). The company had revenue of $844.20 million for the quarter, compared to analyst estimates of $852.24 million. Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Equities research analysts expect that Murphy Oil will post 4.69 earnings per share for the current fiscal year.

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, CEO Roger W. Jenkins sold 110,000 shares of Murphy Oil stock in a transaction on Friday, March 1st. The stock was sold at an average price of $40.39, for a total value of $4,442,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,035,190 shares of the company’s stock, valued at approximately $41,811,324.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Murphy Oil news, CEO Roger W. Jenkins sold 110,000 shares of Murphy Oil stock in a transaction on Friday, March 1st. The stock was sold at an average price of $40.39, for a total value of $4,442,900.00. Following the completion of the transaction, the chief executive officer now directly owns 1,035,190 shares of the company’s stock, valued at approximately $41,811,324.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul D. Vaughan sold 6,000 shares of Murphy Oil stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $39.61, for a total value 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 $470,447.97. The disclosure for this sale can be found here. Insiders sold 156,260 shares of company stock valued at $6,322,644 in the last three months. Corporate insiders own 5.95% of the company’s stock.

Hedge Funds Weigh In On Murphy Oil

Institutional investors have recently modified their holdings of the business. Rise Advisors LLC acquired a new position in shares of Murphy Oil during the 1st quarter worth $30,000. Bruce G. Allen Investments LLC acquired a new position in shares of Murphy Oil during the 4th quarter worth $29,000. Financial Management Professionals Inc. raised 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 worth $36,000 after buying an additional 794 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Murphy Oil during the 3rd quarter worth $40,000. Finally, Belpointe Asset Management LLC raised 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 worth $33,000 after buying an additional 365 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

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.