Murphy Oil (NYSE:MUR) Releases Quarterly Earnings Results

Murphy Oil (NYSE:MUR) posted its quarterly earnings data on Thursday. The oil and gas producer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03, Briefing.com reports. The business had revenue of $794.80 million for the quarter, compared to analyst estimates of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share.

Murphy Oil Stock Down 0.2 %

MUR opened at $44.15 on Friday. Murphy Oil has a one year low of $32.80 and a one year high of $49.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market capitalization of $6.74 billion, a P/E ratio of 12.30 and a beta of 2.22. The business’s 50-day simple moving average is $44.47 and its 200-day simple moving average is $42.65.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 2.72%. Murphy Oil’s dividend payout ratio is presently 33.43%.

Insider Activity at Murphy Oil

In other Murphy Oil news, VP Louis W. Utsch sold 30,260 shares of Murphy Oil stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the transaction, the vice president now owns 9,504 shares of the company’s stock, valued at $379,589.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Louis W. Utsch sold 30,260 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the completion of the sale, the vice president now owns 9,504 shares in the company, valued at $379,589.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roger W. Jenkins sold 110,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $40.39, for a total value of $4,442,900.00. Following the transaction, the chief executive officer now directly owns 1,035,190 shares in the company, valued at approximately $41,811,324.10. The disclosure for this sale can be found here. Insiders sold a total of 156,260 shares of company stock valued at $6,322,644 in the last three months. 5.92% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial upped their price target on Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, April 5th. JPMorgan Chase & Co. raised their target price on shares of Murphy Oil from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. UBS Group decreased their price target on shares of Murphy Oil from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. KeyCorp increased their price objective on shares of Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Mizuho lifted their price objective on shares of Murphy Oil from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.64.

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.