Murphy Oil (NYSE:MUR) PT Raised to $15.00 at UBS Group

Murphy Oil (NYSE:MUR) had its target price raised by UBS Group from $5.50 to $15.00 in a research report released on Monday morning, BenzingaRatingsTable reports. The firm currently has a neutral rating on the oil and gas producer’s stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Murphy Oil from a sell rating to a hold rating and set a $6.00 price target for the company in a report on Friday, March 20th. Piper Sandler lifted their target price on shares of Murphy Oil from $4.00 to $6.00 and gave the stock a neutral rating in a research report on Tuesday, May 19th. ValuEngine upgraded shares of Murphy Oil from a hold rating to a buy rating in a research report on Friday, May 1st. Goldman Sachs Group cut shares of Murphy Oil from a buy rating to a neutral rating and lifted their target price for the stock from $13.50 to $14.50 in a research report on Monday, June 22nd. Finally, MKM Partners cut shares of Murphy Oil from a buy rating to a neutral rating and set a $16.00 target price on the stock. in a research report on Monday, June 8th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Murphy Oil presently has a consensus rating of Hold and an average price target of $16.75.

MUR opened at $13.35 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.32. Murphy Oil has a fifty-two week low of $4.50 and a fifty-two week high of $28.12. The firm has a market capitalization of $2.15 billion, a PE ratio of 3.22 and a beta of 3.27. The company’s 50-day moving average is $13.64 and its 200 day moving average is $16.16.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported ($0.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.15. Murphy Oil had a net margin of 21.89% and a return on equity of 1.30%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $600.87 million. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue for the quarter was up 59.2% on a year-over-year basis. As a group, analysts expect that Murphy Oil will post -2.45 EPS for the current year.

In other news, VP Christopher D. Hulse sold 4,447 shares of Murphy Oil stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $17.12, for a total transaction of $76,132.64. Following the sale, the vice president now owns 9,179 shares of the company’s stock, valued at approximately $157,144.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher D. Hulse sold 5,000 shares of Murphy Oil stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $15.67, for a total transaction of $78,350.00. 6.59% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Murphy Oil by 7.6% during the fourth quarter. Victory Capital Management Inc. now owns 82,884 shares of the oil and gas producer’s stock worth $2,221,000 after acquiring an additional 5,867 shares in the last quarter. M&T Bank Corp bought a new stake in Murphy Oil during the fourth quarter worth about $221,000. Bank of Montreal Can boosted its stake in Murphy Oil by 28.6% during the fourth quarter. Bank of Montreal Can now owns 54,532 shares of the oil and gas producer’s stock worth $1,463,000 after acquiring an additional 12,116 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Murphy Oil by 9.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,937 shares of the oil and gas producer’s stock worth $802,000 after acquiring an additional 2,472 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Murphy Oil by 3.1% in the fourth quarter. Prudential Financial Inc. now owns 300,629 shares of the oil and gas producer’s stock worth $8,057,000 after buying an additional 9,020 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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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