By otakuyassine3@gmail.com 
Murphy Oil (NYSE:MUR – Free Report) had its price objective reduced by Piper Sandler from $42.00 to $39.00 in a report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the oil and gas producer’s stock.
Several other research firms have also recently issued reports on MUR. KeyCorp reduced their target price on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Scotiabank decreased their target price on shares of Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group lowered their price target on Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. UBS Group decreased their price objective on shares of Murphy Oil from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, BMO Capital Markets decreased their target price on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Murphy Oil has an average rating of “Hold” and an average target price of $39.58.
Get Our Latest Stock Report on MUR
Murphy Oil Stock Down 1.3 %
Shares of Murphy Oil stock opened at $28.14 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. Murphy Oil has a 52-week low of $28.09 and a 52-week high of $49.14. The company’s 50 day moving average price is $32.10 and its 200-day moving average price is $35.99. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 9.08 and a beta of 2.18.
Murphy Oil (NYSE:MUR – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $758.33 million during the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. Murphy Oil’s revenue was down 21.0% on a year-over-year basis. During the same period last year, the business earned $1.59 EPS. Equities research analysts forecast that Murphy Oil will post 3.15 EPS for the current year.
Murphy Oil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.26%. Murphy Oil’s dividend payout ratio (DPR) is presently 38.71%.
Institutional Investors Weigh In On Murphy Oil
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Murphy Oil by 14.5% during the 2nd quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock valued at $101,000 after purchasing an additional 310 shares during the period. Lindenwold Advisors INC increased its stake in Murphy Oil by 3.5% in the 3rd quarter. Lindenwold Advisors INC now owns 10,529 shares of the oil and gas producer’s stock worth $355,000 after buying an additional 358 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Murphy Oil by 16.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer’s stock valued at $129,000 after acquiring an additional 438 shares during the period. Clear Creek Financial Management LLC raised its holdings in Murphy Oil by 8.1% during the third quarter. Clear Creek Financial Management LLC now owns 6,574 shares of the oil and gas producer’s stock valued at $222,000 after acquiring an additional 494 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Murphy Oil by 1.1% in the second quarter. International Assets Investment Management LLC now owns 49,437 shares of the oil and gas producer’s stock valued at $2,039,000 after acquiring an additional 537 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.
About Murphy Oil
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.
See Also
Receive News & Ratings for Murphy Oil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Murphy Oil and related companies with MarketBeat.com’s FREE daily email newsletter.