Murphy Oil’s (MUR) “Buy” Rating Reaffirmed at Mizuho

Mizuho restated their buy rating on shares of Murphy Oil (NYSE:MUR – Get Rating) in a research report report published on Tuesday morning, Benzinga reports. They currently have a $51.00 target price on the oil and gas producer’s stock, down from their previous target price of $53.00.

Several other equities analysts also recently weighed in on MUR. StockNews.com downgraded Murphy Oil from a buy rating to a hold rating in a research report on Thursday, December 15th. Truist Financial lowered Murphy Oil from a buy rating to a hold rating and set a $46.00 target price for the company. in a report on Monday, December 12th. Jefferies Financial Group started coverage on Murphy Oil in a research report on Wednesday, October 19th. They issued a hold rating and a $46.00 target price for the company. The Goldman Sachs Group increased their price objective on Murphy Oil from $44.00 to $50.00 and gave the company a neutral rating in a research report on Wednesday, November 23rd. Finally, Morgan Stanley dropped their price target on shares of Murphy Oil from $48.00 to $47.00 and set an equal weight rating on the stock in a research note on Wednesday, December 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Murphy Oil presently has an average rating of Hold and a consensus price target of $49.56.

Murphy Oil Stock Down 0.7 %

Murphy Oil stock opened at $41.60 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.78 and a quick ratio of 0.74. Murphy Oil has a 12 month low of $25.97 and a 12 month high of $51.28. The stock has a market capitalization of $6.47 billion, a PE ratio of 7.00 and a beta of 2.41. The business has a 50 day simple moving average of $44.71 and a 200-day simple moving average of $39.66.

Murphy Oil (NYSE:MUR – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The oil and gas producer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.56 by $0.28. Murphy Oil had a return on equity of 17.20% and a net margin of 25.27%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $930.51 million. On average, analysts anticipate that Murphy Oil will post 5.97 EPS for the current fiscal year.

Insider Buying and Selling

In other Murphy Oil news, Director Robert Madison Murphy sold 40,000 shares of the business’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $46.50, for a total value of $1,860,000.00. Following the completion of the sale, the director now owns 1,673,616 shares of the company’s stock, valued at approximately $77,823,144. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert Madison Murphy sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $46.50, for a total transaction of $1,860,000.00. Following the completion of the transaction, the director now directly owns 1,673,616 shares in the company, valued at approximately $77,823,144. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Maria A. Martinez sold 7,500 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $50.59, for a total transaction of $379,425.00. Following the sale, the vice president now owns 7,531 shares of the company’s stock, valued at $380,993.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 280,754 shares of company stock valued at $13,915,495. Company insiders own 6.20% of the company’s stock.

Institutional Trading of Murphy Oil

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Murphy Oil in the second quarter worth about $25,000. CoreCap Advisors LLC bought a new stake in shares of Murphy Oil in the 2nd quarter worth approximately $64,000. Signaturefd LLC lifted its holdings in shares of Murphy Oil by 37.7% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the oil and gas producer’s stock worth $75,000 after acquiring an additional 587 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Murphy Oil by 13.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,193 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 254 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of Murphy Oil in the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 77.55% of the company’s stock.

About Murphy Oil

(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.