Murphy Oil (NYSE:MUR) PT Lowered to $39.00

Murphy Oil (NYSE:MUR) had its price objective decreased by Wells Fargo & Company from $41.00 to $39.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the oil and gas producer’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 15.62% from the stock’s current price.

MUR has been the subject of a number of other reports. Wolfe Research started coverage on shares of Murphy Oil in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. StockNews.com cut Murphy Oil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. UBS Group reduced their price target on shares of Murphy Oil from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Truist Financial dropped their price objective on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Piper Sandler reduced their target price on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Murphy Oil presently has an average rating of “Hold” and an average target price of $44.82.

Murphy Oil Trading Up 2.9 %

Murphy Oil stock opened at $33.73 on Friday. Murphy Oil has a one year low of $32.53 and a one year high of $49.14. The business’s fifty day moving average is $36.89 and its 200 day moving average is $41.03. The stock has a market capitalization of $5.15 billion, a PE ratio of 9.40 and a beta of 2.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $802.80 million during the quarter, compared to analyst estimates of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 earnings per share. On average, sell-side analysts predict that Murphy Oil will post 3.57 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Mather Group LLC. raised its position in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 518 shares during the last quarter. Rise Advisors LLC purchased a new position in Murphy Oil during the first quarter valued at $30,000. Lindbrook Capital LLC increased its holdings in Murphy Oil by 47.7% in the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 233 shares during the last quarter. Headlands Technologies LLC lifted its stake in Murphy Oil by 1,434.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Murphy Oil by 27.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock valued at $96,000 after purchasing an additional 447 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

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.