Murphy Oil FY2025 EPS Estimate Reduced by Zacks Research

Murphy Oil Corporation (NYSE:MUR) – Equities researchers at Zacks Research dropped their FY2025 earnings per share estimates for Murphy Oil in a report released on Monday, November 17th. Zacks Research analyst Team now forecasts that the oil and gas producer will post earnings per share of $1.25 for the year, down from their prior estimate of $1.32. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Murphy Oil’s current full-year earnings is $2.94 per share.

Other research analysts have also recently issued research reports about the stock. Roth Capital reiterated a “neutral” rating and set a $25.00 price target on shares of Murphy Oil in a report on Thursday, November 6th. Mizuho boosted their target price on shares of Murphy Oil from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Evercore ISI dropped their target price on Murphy Oil from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Murphy Oil in a report on Wednesday, October 8th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $34.00 price objective on shares of Murphy Oil in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $28.50.

Murphy Oil Stock Up 3.8%

MUR stock opened at $30.61 on Tuesday. The company’s 50 day moving average price is $28.32 and its 200 day moving average price is $25.29. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 15.86 and a beta of 0.99. Murphy Oil has a fifty-two week low of $18.94 and a fifty-two week high of $34.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The company had revenue of $440.08 million during the quarter.

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, November 17th. Murphy Oil’s dividend payout ratio is currently 132.65%.

Institutional Trading of Murphy Oil

Several institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Murphy Oil by 67.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 440 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Murphy Oil by 3,989.7% in the first quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock valued at $34,000 after acquiring an additional 1,157 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Murphy Oil by 1,710.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock valued at $47,000 after acquiring an additional 1,574 shares during the period. UMB Bank n.a. grew its position in shares of Murphy Oil by 148.1% during the second quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Murphy Oil by 39.7% in the 2nd quarter. Allworth Financial LP now owns 2,440 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 693 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.

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.