Weekly Research Analysts’ Ratings Changes for Murphy Oil (MUR)

Several brokerages have updated their recommendations and price targets on shares of Murphy Oil (NYSE: MUR) in the last few weeks:

• 12/17/2024 – Murphy Oil had its price target lowered by analysts at Piper Sandler from $42.00 to $39.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – Murphy Oil had its price target lowered by analysts at Mizuho from $50.00 to $45.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Murphy Oil had its price target lowered by analysts at UBS Group AG from $38.00 to $34.00. They now have a “neutral” rating on the stock.
• 12/9/2024 – Murphy Oil had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $35.00. They now have an “equal weight” rating on the stock.
• 11/18/2024 – Murphy Oil had its price target lowered by analysts at Piper Sandler from $43.00 to $42.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Murphy Oil had its price target lowered by analysts at UBS Group AG from $39.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – Murphy Oil had its price target lowered by analysts at Barclays PLC from $38.00 to $37.00. They now have an “equal weight” rating on the stock.

Murphy Oil Stock Down 0.9 %

Shares of MUR traded down $0.27 on Tuesday, hitting $29.30. The company’s stock had a trading volume of 1,705,946 shares, compared to its average volume of 1,654,455. The firm’s fifty day moving average price is $32.49 and its 200-day moving average price is $36.20. Murphy Oil Co. has a fifty-two week low of $28.81 and a fifty-two week high of $49.14. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 9.45 and a beta of 2.18. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24.

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

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Monday, November 18th. Murphy Oil’s dividend payout ratio is 38.71%.

Hedge Funds Weigh In On Murphy Oil

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of Murphy Oil in the 3rd quarter worth $1,217,000. Mutual of America Capital Management LLC lifted its position in shares of Murphy Oil by 21.2% in the second quarter. Mutual of America Capital Management LLC now owns 218,739 shares of the oil and gas producer’s stock valued at $9,021,000 after acquiring an additional 38,334 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Murphy Oil by 24.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 166,316 shares of the oil and gas producer’s stock worth $6,859,000 after acquiring an additional 32,411 shares during the period. Prospector Partners LLC grew its holdings in Murphy Oil by 50.5% during the 3rd quarter. Prospector Partners LLC now owns 307,092 shares of the oil and gas producer’s stock valued at $10,361,000 after buying an additional 103,092 shares in the last quarter. Finally, AXA S.A. increased its holdings in Murphy Oil by 86.5% in the 2nd quarter. AXA S.A. now owns 132,710 shares of the oil and gas producer’s stock valued at $5,473,000 after acquiring an additional 61,537 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

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.