Scotiabank Issues Pessimistic Forecast for Murphy Oil (NYSE:MUR) Stock Price

Murphy Oil (NYSE:MURFree Report) had its target price cut by Scotiabank from $36.00 to $22.00 in a research report released on Friday morning,Benzinga reports. They currently have a sector perform rating on the oil and gas producer’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays decreased their price objective on Murphy Oil from $34.00 to $32.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Wells Fargo & Company restated an “equal weight” rating on shares of Murphy Oil in a research report on Monday, February 3rd. Mizuho cut their price target on shares of Murphy Oil from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Roth Capital set a $37.00 price objective on shares of Murphy Oil in a research note on Thursday, January 23rd. Finally, UBS Group lowered their target price on shares of Murphy Oil from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Murphy Oil currently has an average rating of “Hold” and an average target price of $33.15.

View Our Latest Stock Report on Murphy Oil

Murphy Oil Stock Up 4.6 %

Shares of NYSE MUR opened at $20.90 on Friday. Murphy Oil has a 1 year low of $18.95 and a 1 year high of $47.62. The firm’s 50-day moving average is $26.03 and its 200-day moving average is $29.76. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.98 billion, a PE ratio of 7.77 and a beta of 1.68.

Murphy Oil (NYSE:MURGet Free Report) 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 quarter in the prior year, the firm earned $0.90 earnings per share. Equities analysts expect that Murphy Oil will post 2.94 EPS for the current year.

Murphy Oil Announces Dividend

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

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, Director Claiborne P. Deming bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $26.47 per share, with a total value of $1,323,500.00. Following the completion of the transaction, the director now owns 931,651 shares in the company, valued at approximately $24,660,801.97. This trade represents a 5.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Meenambigai Palanivelu purchased 1,573 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $26.70 per share, for a total transaction of $41,999.10. Following the completion of the transaction, the vice president now directly owns 37,065 shares in the company, valued at approximately $989,635.50. This represents a 4.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.92% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Huntington National Bank increased its position in shares of Murphy Oil by 342.8% during the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 641 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Murphy Oil during the 1st quarter worth about $26,000. GeoWealth Management LLC acquired a new stake in Murphy Oil during the 4th quarter worth approximately $39,000. Lindbrook Capital LLC grew its holdings in Murphy Oil by 60.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 543 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Murphy Oil by 177.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer’s stock worth $49,000 after buying an additional 1,104 shares during the period. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Company Profile

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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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