Murphy Oil Co. (NYSE:MUR) Receives $40.92 Consensus Price Target from Analysts

Murphy Oil Co. (NYSE:MUR) has been given an average rating of “Hold” by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $40.92.

Several equities research analysts have recently commented on MUR shares. Mizuho lowered their price target on shares of Murphy Oil from $59.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Morgan Stanley dropped their target price on shares of Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. BMO Capital Markets cut their target price on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Barclays decreased their target price on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, KeyCorp cut their price target on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th.

Institutional Trading of Murphy Oil

Several hedge funds and other institutional investors have recently modified their holdings of MUR. Shell Asset Management Co. lifted its stake in Murphy Oil by 14.7% in the 1st quarter. Shell Asset Management Co. now owns 7,511 shares of the oil and gas producer’s stock valued at $343,000 after acquiring an additional 965 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Murphy Oil by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 101,225 shares of the oil and gas producer’s stock worth $4,626,000 after purchasing an additional 939 shares during the last quarter. Caxton Associates LP bought a new position in Murphy Oil in the first quarter valued at $237,000. Tidal Investments LLC increased its stake in Murphy Oil by 11.1% in the 1st quarter. Tidal Investments LLC now owns 22,872 shares of the oil and gas producer’s stock valued at $1,045,000 after buying an additional 2,289 shares during the last quarter. Finally, EMC Capital Management lifted its position in Murphy Oil by 166.1% during the 1st quarter. EMC Capital Management now owns 8,008 shares of the oil and gas producer’s stock worth $366,000 after buying an additional 4,999 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Stock Down 0.2 %

NYSE:MUR opened at $32.47 on Monday. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 10.47 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The stock’s fifty day moving average price is $33.42 and its two-hundred day moving average price is $37.26. Murphy Oil has a 52-week low of $30.99 and a 52-week high of $49.14.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). The firm had revenue of $758.33 million for the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company’s revenue was down 21.0% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS. On average, analysts anticipate that Murphy Oil will post 3.15 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.30 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 3.70%. Murphy Oil’s dividend payout ratio is currently 38.71%.

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.