Murphy Oil (NYSE:MUR) Lowered to “Hold” at StockNews.com

Murphy Oil (NYSE:MURGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Friday.

MUR has been the subject of a number of other reports. Roth Mkm reaffirmed a “buy” rating on shares of Murphy Oil in a research note on Wednesday, March 20th. Scotiabank downgraded Murphy Oil from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $46.00 to $50.00 in a research note on Thursday, April 11th. Truist Financial raised their target price on Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Mizuho raised their target price on Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Barclays began coverage on Murphy Oil in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Check Out Our Latest Research Report on Murphy Oil

Murphy Oil Trading Up 0.4 %

Shares of MUR stock opened at $40.01 on Friday. The stock’s fifty day moving average is $44.76 and its two-hundred day moving average is $42.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.93. The firm has a market capitalization of $6.10 billion, a P/E ratio of 11.14 and a beta of 2.21. Murphy Oil has a fifty-two week low of $36.34 and a fifty-two week high of $49.14.

Murphy Oil (NYSE:MURGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $794.80 million for the quarter, compared to analyst estimates of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. Research analysts expect that Murphy Oil will post 4.27 earnings per share for the current fiscal year.

Insider Activity at Murphy Oil

In related news, VP Maria A. Martinez sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the transaction, the vice president now directly owns 40,590 shares in the company, valued at approximately $1,759,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Murphy Oil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in shares of Murphy Oil in the 1st quarter valued at about $30,000. Bruce G. Allen Investments LLC purchased a new position in shares of Murphy Oil in the 4th quarter valued at about $29,000. Lindbrook Capital LLC lifted its stake in Murphy Oil by 47.7% during the first quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 233 shares during the last quarter. Headinvest LLC purchased a new stake in Murphy Oil during the third quarter worth approximately $70,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Murphy Oil by 27.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Murphy Oil (NYSE:MUR)

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