Murphy Oil (NYSE:MUR) Coverage Initiated at Barclays

Equities research analysts at Barclays assumed coverage on shares of Murphy Oil (NYSE:MUR) in a research report issued on Wednesday, Marketbeat reports. The brokerage set an “equal weight” rating and a $54.00 price target on the oil and gas producer’s stock. Barclays‘s price objective would suggest a potential upside of 13.18% from the stock’s previous close.

MUR has been the topic of a number of other research reports. Piper Sandler lowered their price target on shares of Murphy Oil from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Truist Financial lifted their price target on shares of Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Roth Mkm reaffirmed a “buy” rating on shares of Murphy Oil in a report on Wednesday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Murphy Oil from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Finally, KeyCorp lowered their price target on shares of Murphy Oil from $53.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Murphy Oil has a consensus rating of “Moderate Buy” and an average price target of $48.23.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $47.71 on Wednesday. Murphy Oil has a twelve month low of $32.80 and a twelve month high of $49.14. The stock’s 50 day moving average price is $42.20 and its 200-day moving average price is $42.58. The company has a market capitalization of $7.28 billion, a PE ratio of 11.31 and a beta of 2.21. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The business had revenue of $844.20 million during the quarter, compared to analysts’ expectations of $852.24 million. Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. Murphy Oil’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, equities analysts anticipate that Murphy Oil will post 4.69 EPS for the current year.

Insider Transactions at Murphy Oil

In other news, VP Maria A. Martinez sold 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $43.35, for a total value of $433,500.00. Following the transaction, the vice president now owns 40,590 shares of the company’s stock, valued at $1,759,576.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Paul D. Vaughan sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $39.61, for a total value of $237,660.00. Following the transaction, the vice president now owns 11,877 shares of the company’s stock, valued at $470,447.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Maria A. Martinez sold 10,000 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,260 shares of company stock valued at $6,322,644. 5.95% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MUR. Bruce G. Allen Investments LLC purchased a new position in Murphy Oil in the fourth quarter worth $29,000. Rise Advisors LLC purchased a new position in Murphy Oil in the first quarter worth $30,000. Belpointe Asset Management LLC grew its position in Murphy Oil by 68.2% in the first quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 365 shares in the last quarter. Financial Management Professionals Inc. grew its position in Murphy Oil by 7,940.0% in the third quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 794 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Murphy Oil in the third quarter worth $40,000. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Company Profile

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.