Murphy Oil Co. (NYSE:MUR) – Equities researchers at Piper Jaffray Companies reduced their Q3 2020 earnings per share estimates for Murphy Oil in a note issued to investors on Thursday, August 15th. Piper Jaffray Companies analyst R. Todd now anticipates that the oil and gas producer will earn $0.09 per share for the quarter, down from their previous forecast of $0.17. Piper Jaffray Companies currently has a “Hold” rating and a $38.00 target price on the stock. Piper Jaffray Companies also issued estimates for Murphy Oil’s Q4 2020 earnings at $0.14 EPS.

A number of other analysts have also recently commented on the stock. Stephens set a $40.00 price objective on shares of Murphy Oil and gave the company a “hold” rating in a research report on Friday, May 17th. TheStreet cut shares of Murphy Oil from a “b” rating to a “c” rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Monday, June 10th. MKM Partners set a $38.00 price objective on shares of Murphy Oil and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Credit Suisse Group lowered their price objective on shares of Murphy Oil from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.08.

MUR opened at $19.76 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.91. Murphy Oil has a 12 month low of $17.90 and a 12 month high of $36.53. The company has a fifty day simple moving average of $22.16 and a 200 day simple moving average of $26.11. The stock has a market cap of $3.18 billion, a P/E ratio of 15.68 and a beta of 1.94.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $709.00 million during the quarter, compared to analysts’ expectations of $612.71 million. Murphy Oil had a net margin of 12.37% and a return on equity of 3.48%. The business’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Friday, August 16th. Murphy Oil’s payout ratio is presently 79.37%.

In related news, Director Walentin Mirosh sold 1,360 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $18.52, for a total value of $25,187.20. Following the completion of the transaction, the director now directly owns 25,365 shares of the company’s stock, valued at approximately $469,759.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.46% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in MUR. Dimensional Fund Advisors LP lifted its holdings in shares of Murphy Oil by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,817,092 shares of the oil and gas producer’s stock worth $136,061,000 after purchasing an additional 93,228 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Murphy Oil by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock worth $46,321,000 after purchasing an additional 52,963 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Murphy Oil by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 211,759 shares of the oil and gas producer’s stock worth $6,205,000 after purchasing an additional 844 shares during the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Murphy Oil in the 1st quarter worth approximately $2,952,000. Finally, MHI Funds LLC bought a new stake in shares of Murphy Oil in the 1st quarter worth approximately $192,000. 90.34% of the stock is 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.

See Also: 52-Week High/Low

Earnings History and Estimates for Murphy Oil (NYSE:MUR)

Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.