Analysts Set Murphy Oil Co. (NYSE:MUR) Price Target at $34.92

Shares of Murphy Oil Co. (NYSE:MUR - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $34.92.

A number of analysts have recently weighed in on the stock. Roth Capital set a $37.00 price target on shares of Murphy Oil in a research note on Thursday, January 23rd. KeyCorp decreased their price target on Murphy Oil from $50.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Morgan Stanley dropped their price objective on Murphy Oil from $37.00 to $32.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Mizuho decreased their target price on Murphy Oil from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Finally, Truist Financial lowered Murphy Oil from a "buy" rating to a "hold" rating and lowered their target price for the stock from $42.00 to $31.00 in a report on Friday, January 31st.

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, VP Meenambigai Palanivelu bought 1,573 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $26.70 per share, for a total transaction of $41,999.10. Following the acquisition, the vice president now directly owns 37,065 shares of the company's stock, valued at approximately $989,635.50. This trade represents a 4.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Claiborne P. Deming purchased 50,000 shares of Murphy Oil stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $26.47 per share, with a total value of $1,323,500.00. Following the completion of the transaction, the director now directly owns 931,651 shares of the company's stock, valued at $24,660,801.97. This represents a 5.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.92% of the company's stock.

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Institutional Trading of Murphy Oil

Large investors have recently added to or reduced their stakes in the business. Huntington National Bank lifted its position in Murphy Oil by 342.8% during the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 641 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of Murphy Oil during the 4th quarter worth about $39,000. Lindbrook Capital LLC boosted its stake in Murphy Oil by 60.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 543 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Murphy Oil by 177.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer's stock valued at $49,000 after buying an additional 1,104 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in Murphy Oil by 32.9% in the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after buying an additional 471 shares during the period. 78.31% of the stock is owned by institutional investors.

Murphy Oil Stock Performance

Shares of NYSE MUR traded up $0.49 during midday trading on Friday, hitting $29.24. 1,968,390 shares of the company's stock were exchanged, compared to its average volume of 1,905,954. Murphy Oil has a twelve month low of $22.90 and a twelve month high of $49.14. The firm has a market cap of $4.26 billion, a P/E ratio of 10.87 and a beta of 2.18. The stock's 50 day moving average price is $27.20 and its 200-day moving average price is $30.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.27). Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. During the same period last year, the business posted $0.90 EPS. Equities research analysts anticipate that Murphy Oil will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 4.45%. Murphy Oil's dividend payout ratio is 48.33%.

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.