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

A number of firms have modified their ratings and price targets on shares of Murphy Oil (NYSE: MUR) recently:

• 9/18/2024 – Murphy Oil had its price target lowered by analysts at UBS Group AG from $45.00 to $39.00. They now have a “neutral” rating on the stock.
• 9/16/2024 – Murphy Oil had its price target lowered by analysts at Mizuho from $59.00 to $50.00. They now have an “outperform” rating on the stock.
• 9/16/2024 – Murphy Oil had its price target lowered by analysts at Morgan Stanley from $43.00 to $39.00. They now have an “equal weight” rating on the stock.
• 9/12/2024 – Murphy Oil had its price target lowered by analysts at JPMorgan Chase & Co. from $47.00 to $39.00. They now have a “neutral” rating on the stock.
• 8/23/2024 – Murphy Oil had its price target lowered by analysts at Wells Fargo & Company from $47.00 to $41.00. They now have an “equal weight” rating on the stock.
• 8/15/2024 – Murphy Oil had its price target lowered by analysts at Piper Sandler from $54.00 to $44.00. They now have an “overweight” rating on the stock.
• 8/15/2024 – Murphy Oil was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $47.00 price target on the stock, down previously from $50.00.
• 8/13/2024 – Murphy Oil had its price target lowered by analysts at UBS Group AG from $49.00 to $45.00. They now have a “neutral” rating on the stock.
• 8/12/2024 – Murphy Oil had its price target lowered by analysts at Barclays PLC from $54.00 to $46.00. They now have an “equal weight” rating on the stock.
• 8/9/2024 – Murphy Oil was downgraded by analysts at Scotiabank from a “strong-buy” rating to a “hold” rating.

Murphy Oil Price Performance

Shares of MUR stock traded down $1.71 on Thursday, reaching $32.70. 1,347,194 shares of the company were exchanged, compared to its average volume of 1,676,219. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 9.11 and a beta of 2.21. Murphy Oil Co. has a 1 year low of $32.53 and a 1 year high of $49.14. The business has a 50-day moving average price of $37.23 and a 200 day moving average price of $41.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company had revenue of $802.80 million during the quarter, compared to analysts’ expectations of $813.97 million. During the same period in the prior year, the business earned $0.79 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts forecast that Murphy Oil Co. will post 3.57 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.67%. Murphy Oil’s payout ratio is currently 33.43%.

Institutional Trading of Murphy Oil

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Murphy Oil by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer’s stock worth $340,400,000 after acquiring an additional 262,256 shares during the period. Earnest Partners LLC boosted its position in shares of Murphy Oil by 7.7% in the 1st quarter. Earnest Partners LLC now owns 2,737,409 shares of the oil and gas producer’s stock worth $125,100,000 after buying an additional 195,906 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Murphy Oil by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,138,985 shares of the oil and gas producer’s stock valued at $88,212,000 after acquiring an additional 107,462 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Murphy Oil by 23.0% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,132,305 shares of the oil and gas producer’s stock worth $51,746,000 after buying an additional 212,100 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Murphy Oil by 90.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,092,374 shares of the oil and gas producer’s stock worth $45,050,000 after buying an additional 518,904 shares in the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

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.