Murphy Oil (NYSE:MUR) Raised to Buy at StockNews.com

Murphy Oil (NYSE:MURGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other analysts have also weighed in on MUR. Barclays began coverage on shares of Murphy Oil in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price objective on the stock. Mizuho increased their price objective on shares of Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. KeyCorp increased their price target on shares of Murphy Oil from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Roth Mkm reissued a “buy” rating on shares of Murphy Oil in a report on Wednesday, March 20th. Finally, Truist Financial increased their price target on shares of Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.00.

View Our Latest Stock Analysis on MUR

Murphy Oil Stock Performance

Murphy Oil stock traded up $0.09 during mid-day trading on Thursday, reaching $41.90. 1,338,329 shares of the company traded hands, compared to its average volume of 1,714,914. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.87. Murphy Oil has a fifty-two week low of $34.53 and a fifty-two week high of $49.14. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 11.67 and a beta of 2.22. The firm’s fifty day moving average is $45.09 and its two-hundred day moving average is $42.40.

Murphy Oil (NYSE:MURGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Murphy Oil had a net margin of 16.40% and a return on equity of 11.75%. The business had revenue of $794.80 million for the quarter, compared to analyst estimates of $750.94 million. During the same quarter in the prior year, the business posted $1.24 EPS. Murphy Oil’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that Murphy Oil will post 4.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Roger W. Jenkins sold 110,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $40.39, for a total transaction of $4,442,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,035,190 shares in the company, valued at $41,811,324.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Roger W. Jenkins sold 110,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $40.39, for a total transaction of $4,442,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,035,190 shares in the company, valued at $41,811,324.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Paul D. Vaughan sold 6,000 shares of Murphy Oil stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $39.61, for a total transaction of $237,660.00. Following the sale, the vice president now owns 11,877 shares of the company’s stock, valued at $470,447.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 126,000 shares of company stock worth $5,114,060. Insiders own 5.92% of the company’s stock.

Institutional Investors Weigh In On Murphy Oil

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Murphy Oil by 0.8% during the third quarter. Vanguard Group Inc. now owns 16,816,692 shares of the oil and gas producer’s stock valued at $762,637,000 after acquiring an additional 137,059 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Murphy Oil by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock valued at $335,397,000 after acquiring an additional 207,547 shares during the last quarter. Earnest Partners LLC increased its position in shares of Murphy Oil by 7.7% during the first quarter. Earnest Partners LLC now owns 2,737,409 shares of the oil and gas producer’s stock valued at $125,100,000 after acquiring an additional 195,906 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Murphy Oil by 3,904.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,090,904 shares of the oil and gas producer’s stock valued at $89,198,000 after purchasing an additional 2,038,692 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Murphy Oil by 5.4% in the third quarter. Invesco Ltd. now owns 1,946,095 shares of the oil and gas producer’s stock valued at $88,255,000 after purchasing an additional 99,427 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Company Profile

(Get Free Report)

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.

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