Murphy Oil Corporation (NYSE:MUR) Receives $28.33 Average PT from Analysts

Shares of Murphy Oil Corporation (NYSE:MUR) have been given a consensus recommendation of “Reduce” by the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $28.50.

MUR has been the topic of a number of recent analyst reports. Piper Sandler lifted their price target on Murphy Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Morgan Stanley decreased their target price on Murphy Oil from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Tuesday, October 14th. Mizuho lifted their target price on Murphy Oil from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Scotiabank increased their price target on shares of Murphy Oil from $26.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, Roth Capital restated a “neutral” rating and set a $25.00 price objective on shares of Murphy Oil in a report on Thursday, November 6th.

Hedge Funds Weigh In On Murphy Oil

Several institutional investors have recently bought and sold shares of MUR. Smartleaf Asset Management LLC increased its position in Murphy Oil by 67.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 440 shares during the last quarter. Mustard Seed Financial LLC grew its stake in shares of Murphy Oil by 2.9% during the 1st quarter. Mustard Seed Financial LLC now owns 17,861 shares of the oil and gas producer’s stock worth $507,000 after acquiring an additional 500 shares during the period. Strs Ohio grew its stake in shares of Murphy Oil by 11.1% during the 3rd quarter. Strs Ohio now owns 5,000 shares of the oil and gas producer’s stock worth $142,000 after acquiring an additional 500 shares during the period. Arizona State Retirement System increased its holdings in Murphy Oil by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 40,119 shares of the oil and gas producer’s stock worth $1,140,000 after acquiring an additional 551 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Murphy Oil by 2.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 21,038 shares of the oil and gas producer’s stock valued at $598,000 after acquiring an additional 565 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Trading Up 3.2%

Shares of MUR stock opened at $30.44 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 15.77 and a beta of 0.99. Murphy Oil has a 52-week low of $18.94 and a 52-week high of $34.52. The company has a 50-day simple moving average of $28.13 and a two-hundred day simple moving average of $25.11.

Murphy Oil (NYSE:MUR) last posted its earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) EPS for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The firm had revenue of $440.08 million for the quarter. Research analysts anticipate that Murphy Oil will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.325 per share. The ex-dividend date is Monday, November 17th. This represents a $1.30 annualized dividend and a dividend yield of 4.3%. Murphy Oil’s dividend payout ratio (DPR) is presently 132.65%.

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.