Murphy Oil (NYSE:MUR) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Murphy Oil (NYSE:MURFree Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

Several other equities research analysts have also recently commented on MUR. Piper Sandler boosted their price target on Murphy Oil from $49.00 to $55.00 and gave the company an overweight rating in a research note on Friday, April 19th. Truist Financial boosted their price target on Murphy Oil from $58.00 to $59.00 and gave the company a buy rating in a research note on Friday, April 5th. Roth Mkm reissued a buy rating on shares of Murphy Oil in a research note on Wednesday, March 20th. Mizuho upped their target price on Murphy Oil from $55.00 to $59.00 and gave the stock a buy rating in a research report on Monday, May 13th. Finally, KeyCorp upped their target price on Murphy Oil from $50.00 to $54.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Murphy Oil currently has an average rating of Moderate Buy and an average target price of $51.00.

View Our Latest Analysis on Murphy Oil

Murphy Oil Trading Down 0.5 %

Shares of NYSE MUR opened at $39.51 on Tuesday. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 11.01 and a beta of 2.21. The business has a 50 day simple moving average of $42.85 and a 200 day simple moving average of $42.05. Murphy Oil has a 52 week low of $36.34 and a 52 week high of $49.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.93.

Murphy Oil (NYSE:MURGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The business had revenue of $794.80 million during the quarter, compared to analysts’ expectations of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 EPS. On average, research analysts predict that Murphy Oil will post 4.22 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.04%. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Murphy Oil by 0.8% in 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 purchasing an additional 137,059 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 worth $335,397,000 after acquiring an additional 207,547 shares in the last quarter. Earnest Partners LLC raised its stake in 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 worth $125,100,000 after acquiring an additional 195,906 shares in the last quarter. International Assets Investment Management LLC raised its stake in Murphy Oil by 3,904.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,090,904 shares of the oil and gas producer’s stock worth $89,198,000 after acquiring an additional 2,038,692 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Murphy Oil by 5.4% during the third quarter. Invesco Ltd. now owns 1,946,095 shares of the oil and gas producer’s stock worth $88,255,000 after acquiring an additional 99,427 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

About Murphy Oil

(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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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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