Murphy Oil Co. (NYSE:MUR) Given Average Rating of "Hold" by Brokerages

Shares of Murphy Oil Co. (NYSE:MUR - Get Free Report) have received a consensus recommendation of "Hold" from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $39.58.

Several research firms have commented on MUR. The Goldman Sachs Group decreased their target price on shares of Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Monday, October 7th. Truist Financial lifted their price objective on shares of Murphy Oil from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Monday. UBS Group cut their target price on Murphy Oil from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. BMO Capital Markets decreased their price target on Murphy Oil from $42.00 to $40.00 and set a "market perform" rating on the stock in a research note on Friday, October 4th. Finally, Wells Fargo & Company dropped their price objective on Murphy Oil from $39.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, December 9th.

Murphy Oil Price Performance

Shares of NYSE MUR traded up $0.10 during midday trading on Tuesday, reaching $33.93. The company's stock had a trading volume of 1,529,539 shares, compared to its average volume of 1,956,417. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $4.95 billion, a P/E ratio of 10.95 and a beta of 2.17. The business's 50 day moving average price is $31.34 and its two-hundred day moving average price is $34.81. Murphy Oil has a fifty-two week low of $27.75 and a fifty-two week high of $49.14.

Murphy Oil (NYSE:MUR - Get Free Report) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business's revenue was down 21.0% compared to the same quarter last year. On average, analysts forecast that Murphy Oil will post 3.15 EPS for the current fiscal year.

Institutional Trading of Murphy Oil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Covestor Ltd grew its position in shares of Murphy Oil by 266.8% in the 3rd quarter. Covestor Ltd now owns 741 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 539 shares during the last quarter. Reston Wealth Management LLC bought a new position in Murphy Oil during the 3rd quarter worth approximately $27,000. Compass Wealth Management LLC acquired a new position in shares of Murphy Oil in the 3rd quarter worth approximately $42,000. Headlands Technologies LLC increased its position in shares of Murphy Oil by 1,434.5% during the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer's stock worth $53,000 after buying an additional 1,205 shares during the period. Finally, Bruce G. Allen Investments LLC raised its stake in Murphy Oil by 106.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer's stock worth $50,000 after buying an additional 758 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

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.