Murphy Oil Co. (NYSE:MUR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Murphy Oil Co. (NYSE:MUR) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $50.27.

A number of research analysts have recently issued reports on the stock. Truist Financial reduced their price objective on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Mizuho boosted their price objective on Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, May 13th. JPMorgan Chase & Co. raised their target price on Murphy Oil from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. KeyCorp lifted their target price on Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Barclays initiated coverage on Murphy Oil in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price target for the company.

Hedge Funds Weigh In On Murphy Oil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Simmons Bank bought a new stake in Murphy Oil in the second quarter worth about $212,000. Allspring Global Investments Holdings LLC increased its stake in shares of Murphy Oil by 4.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 213,912 shares of the oil and gas producer’s stock worth $8,822,000 after purchasing an additional 9,670 shares during the last quarter. Bailard Inc. raised its holdings in shares of Murphy Oil by 3.7% in the 2nd quarter. Bailard Inc. now owns 16,862 shares of the oil and gas producer’s stock worth $695,000 after purchasing an additional 600 shares during the period. Bank of New York Mellon Corp lifted its stake in Murphy Oil by 5.3% in the second 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 purchasing an additional 107,462 shares during the last quarter. Finally, Clear Creek Financial Management LLC purchased a new position in Murphy Oil in the second quarter valued at approximately $251,000. 78.31% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Trading Up 0.2 %

Shares of Murphy Oil stock opened at $40.26 on Tuesday. The stock has a market capitalization of $6.14 billion, a PE ratio of 11.21 and a beta of 2.25. Murphy Oil has a 52 week low of $36.95 and a 52 week high of $49.14. The stock has a 50 day moving average price of $40.84 and a two-hundred day moving average price of $41.82. 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:MUR) last issued its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $794.80 million for 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%. Murphy Oil’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. As a group, equities analysts anticipate that Murphy Oil will post 4.16 earnings per share for the current fiscal year.

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.