Murphy Oil Co. (NYSE:MUR – Get Rating) Director Elisabeth W. Keller sold 2,756 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $32.39, for a total transaction of $89,266.84. Following the completion of the transaction, the director now directly owns 8,267 shares of the company’s stock, valued at $267,768.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE:MUR opened at $33.06 on Thursday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 51.66 and a beta of 2.55. The business has a 50 day simple moving average of $39.25 and a 200 day simple moving average of $32.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.60 and a quick ratio of 0.71. Murphy Oil Co. has a 12-month low of $18.44 and a 12-month high of $44.63.
Murphy Oil (NYSE:MUR – Get Rating) last announced its earnings results on Wednesday, May 4th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Murphy Oil had a net margin of 4.06% and a return on equity of 7.27%. The firm had revenue of $552.90 million during the quarter, compared to analyst estimates of $661.40 million. During the same quarter in the prior year, the firm posted $0.06 EPS. Murphy Oil’s revenue was up 45.6% compared to the same quarter last year. Research analysts anticipate that Murphy Oil Co. will post 4.94 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in MUR. Moors & Cabot Inc. bought a new stake in Murphy Oil in the third quarter worth about $25,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Murphy Oil in the 4th quarter worth approximately $26,000. USA Financial Portformulas Corp bought a new stake in shares of Murphy Oil in the 4th quarter worth approximately $35,000. Rockefeller Capital Management L.P. lifted its stake in Murphy Oil by 857.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,657 shares of the oil and gas producer’s stock valued at $43,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Murphy Oil during the fourth quarter worth approximately $53,000. 76.37% of the stock is owned by institutional investors and hedge funds.
MUR has been the subject of several research analyst reports. Morgan Stanley upped their price target on Murphy Oil from $35.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Friday, April 22nd. Mizuho upped their target price on shares of Murphy Oil from $42.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, March 31st. Truist Financial lifted their price objective on Murphy Oil from $41.00 to $60.00 in a report on Thursday, April 21st. JPMorgan Chase & Co. cut Murphy Oil from an “overweight” rating to a “neutral” rating and set a $51.00 target price for the company. in a research note on Thursday, May 5th. Finally, Wells Fargo & Company upped their price target on shares of Murphy Oil from $30.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, March 11th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $50.00.
Murphy Oil Company Profile (Get Rating)
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.
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