Murphy Oil Co. (NYSE: WALL – Get a rating) – Stock analysts Capital One Financial dropped their fourth quarter 2022 earnings per share estimates for Murphy Oil shares in a research report released Wednesday, May 11. Capital One Financial analyst B. Velie now expects the oil and gas producer to post earnings per share of $1.41 for the quarter, down from its previous forecast of $1.49.
Murphy’s Oil (NYSE: WALL – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The oil and gas producer reported earnings per share (EPS) of $0.73 for the quarter, beating consensus analyst estimates of $0.61 by $0.12. Murphy Oil had a return on equity of 7.27% and a net margin of 4.06%. The company posted revenue of $552.90 million in the quarter, compared to $661.40 million expected by analysts. In the same quarter last year, the company made earnings per share of $0.06. The company’s revenue for the quarter increased 45.6% year over year.
The MUR has been the subject of several other reports. Morgan Stanley raised its price target on Murphy Oil from $35.00 to $53.00 and gave the company an “equal weight” rating in a Friday, April 22 research note. Truist Financial raised its price target on Murphy Oil from $41.00 to $60.00 in a Thursday, April 21 research note. JPMorgan Chase & Co. downgraded Murphy Oil from an “overweight” rating to a “neutral” rating and set a price target of $51.00 for the stock. in a research note on Thursday, May 5. Wells Fargo & Company raised its price target on Murphy Oil from $30.00 to $38.00 and gave the company an “equal weight” rating in a Friday, March 11 report. Finally, Mizuho raised its price target on Murphy Oil from $42.00 to $58.00 and gave the company a “buy” rating in a Thursday, March 31 report. Three investment analysts gave the stock a hold rating, five gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, Murphy Oil currently has an average rating of “Buy” and an average price target of $50.00.
NYSE WALL opened at $34.43 on Friday. Murphy Oil has a fifty-two week low of $18.44 and a fifty-two week high of $44.63. The stock’s 50-day moving average is $39.25 and its two-hundred-day moving average is $32.95. The company has a debt ratio of 0.59, a current ratio of 0.60 and a quick ratio of 0.56. The company has a market capitalization of $5.35 billion, a P/E ratio of 51.91 and a beta of 2.55.
A number of institutional investors have recently changed their stake in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Murphy Oil during the fourth quarter worth $26,000. Quent Capital LLC increased its stake in Murphy Oil by 36.8% during the first quarter. Quent Capital LLC now owns 1,127 shares of the oil and gas producer worth $46,000 after buying 303 additional shares in the last quarter. USA Financial Portformulas Corp bought a new position in Murphy Oil during the fourth quarter worth $35,000. Rockefeller Capital Management LP increased its stake in Murphy Oil by 857.8% in the fourth quarter. Rockefeller Capital Management LP now owns 1,657 shares of the oil and gas producer valued at $43,000 after buying 1,484 additional shares last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Murphy Oil in the first quarter for $77,000. Hedge funds and other institutional investors hold 76.37% of the company’s shares.
In other news, Vice President Maria A. Martinez sold 10,000 shares of the company in a trade that took place on Monday, February 14. The shares were sold at an average price of $33.53, for a total transaction of $335,300.00. The sale was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director Elisabeth W. Keller sold 2,756 shares of the company in a transaction that took place on Tuesday, May 10. The stock was sold at an average price of $32.39, for a total transaction of $89,266.84. As a result of the transaction, the administrator now directly owns 8,267 shares of the company, valued at $267,768.13. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 22,065 shares of the company valued at $783,852. Insiders of the company own 6.20% of the shares of the company.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1. Investors of record on Monday, May 16 will receive a dividend of $0.175. The ex-dividend date is Friday, May 13. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.15. This represents a dividend of $0.70 on an annualized basis and a yield of 2.03%. Murphy Oil’s dividend payout ratio is currently 93.75%.
Murphy Oil Company Profile (Get a rating)
Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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 previously known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
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