Murphy Oil (NYSE:MUR) Given Sector Weight Rating at KeyCorp

KeyCorp reiterated their sector weight rating on shares of Murphy Oil (NYSE:MUR) in a research report sent to investors on Monday, Marketbeat.com reports.

A number of other analysts have also commented on MUR. Scotiabank reduced their price target on shares of Murphy Oil from $36.00 to $22.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Piper Sandler lowered their price target on Murphy Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Roth Capital set a $37.00 target price on Murphy Oil in a research report on Thursday, January 23rd. UBS Group reduced their price target on shares of Murphy Oil from $28.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley set a $27.00 target price on shares of Murphy Oil and gave the company an “underweight” rating in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Murphy Oil presently has a consensus rating of “Hold” and an average price target of $32.77.

Murphy Oil Trading Down 2.2 %

Shares of MUR stock opened at $20.90 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. The stock has a market capitalization of $2.98 billion, a PE ratio of 7.77 and a beta of 1.68. The business has a 50-day moving average of $25.24 and a 200 day moving average of $29.18. Murphy Oil has a 1-year low of $18.95 and a 1-year high of $46.91.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data 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 net margin of 13.44% and a return on equity of 7.66%. During the same period in the previous year, the firm posted $0.90 EPS. As a group, sell-side analysts anticipate that Murphy Oil will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. The ex-dividend date is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.22%. Murphy Oil’s dividend payout ratio is presently 48.33%.

Insider Activity at Murphy Oil

In related news, Director Claiborne P. Deming bought 50,000 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $26.47 per share, for a total transaction of $1,323,500.00. Following the completion of the purchase, the director now directly owns 931,651 shares of the company’s stock, valued at approximately $24,660,801.97. This trade represents a 5.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Meenambigai Palanivelu purchased 1,573 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $26.70 per share, with a total value of $41,999.10. Following the completion of the transaction, the vice president now owns 37,065 shares of the company’s stock, valued at approximately $989,635.50. The trade was a 4.43 % increase in their position. The disclosure for this purchase can be found here. 6.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Murphy Oil

Several hedge funds and other institutional investors have recently made changes to their positions in MUR. Huntington National Bank raised its stake in Murphy Oil by 342.8% in the fourth quarter. Huntington National Bank now owns 828 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 641 shares during the last quarter. Riverview Trust Co acquired a new position in Murphy Oil during the 1st quarter valued at approximately $26,000. GeoWealth Management LLC acquired a new position in Murphy Oil during the 4th quarter valued at approximately $39,000. Lindbrook Capital LLC lifted its stake in shares of Murphy Oil by 60.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock worth $44,000 after buying an additional 543 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in Murphy Oil during the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 78.31% of the company’s stock.

About Murphy Oil

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.