Stocks of Murphy Oil Corporation (NYSE:MUR) traded higher last session on Wall Street, up 4.14% to $38.46.
According to the data, Murphy Oil Corporation (NYSE:MUR) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $64.00 and a low of $39.00, we find $46.00. Given the previous closing price of $36.93, this indicates a potential upside of 24.56 percent. MUR stock price is now 5.46% away from the 50-day moving average and -4.73% away from the 200-day moving average. The market capitalization of the company currently stands at $5.76B.
A total of 9 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $47.88 as their price target over the next twelve months.
With the price target of $45, UBS recently initiated with Neutral rating for Murphy Oil Corporation (NYSE: MUR).
In other news, MIRELES THOMAS J, Executive Vice President & CFO sold 14,500 shares of the company’s stock on May 18. The stock was sold for $509,472 at an average price of $35.14. Upon completion of the transaction, the Executive Vice President & CFO now directly owns 58,372 shares in the company, valued at $2.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14, Vice President Utsch Louis W sold 10,902 shares of the business’s stock. A total of $474,237 was realized by selling the stock at an average price of $43.50. This leaves the insider owning 9,504 shares of the company worth $0.37 million. Insiders disposed of 709,301 shares of company stock worth roughly $27.28 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MUR stock. A new stake in Murphy Oil Corporation shares was purchased by AVENTAIL CAPITAL GROUP, LP during the first quarter worth $55,753,000. SIR CAPITAL MANAGEMENT, L.P. invested $19,434,000 in shares of MUR during the first quarter. In the first quarter, SOURCEROCK GROUP LLC acquired a new stake in Murphy Oil Corporation valued at approximately $10,055,000. INVENOMIC CAPITAL MANAGEMENT LP acquired a new stake in MUR for approximately $8,483,000. JUMP FINANCIAL, LLC purchased a new stake in MUR valued at around $1,954,000 in the second quarter. In total, there are 485 active investors with 80.00% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $36.77 for Murphy Oil Corporation (NYSE: MUR). During the past 12 months, Murphy Oil Corporation has had a low of $25.97 and a high of $51.28. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 0.80, and a quick ratio of 0.70. The fifty day moving average price for MUR is $36.51 and a two-hundred day moving average price translates $40.37 for the stock.
The latest earnings results from Murphy Oil Corporation (NYSE: MUR) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.24, beating analysts’ expectations of $0.98 by 0.26. This compares to -$0.73 EPS in the same period last year. The net profit margin was 30.30% and return on equity was 26.50% for MUR. The company reported revenue of $841.72 million for the quarter, compared to $552.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.22 percent. For the current quarter, analysts expect MUR to generate $794.26M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/15/2023 were paid a $0.275 dividend. On an annualized basis, this represents a $1.10 dividend and a 2.86% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, MUR is presently at 11.60%.
Murphy Oil Corporation(MUR) Company Profile
Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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. The company was incorporated in 1950 and is headquartered in Houston, Texas.
