Key Points
- SVP Daniel Hanchera sold 47,320 shares on March 11 at an average price of $33.79 for about $1.60M, cutting his stake by 56.68% to 36,166 shares (≈$1.22M).
- Murphy raised its quarterly dividend to $0.35 from $0.33 (annualized $1.40, yield ~3.9%), though the payout ratio is a high 194.44%.
- Quarterly results mixed: Murphy reported EPS of $0.14 (beating the -$0.07 estimate) while revenue fell 6.9% YoY to $613.08M, missing analyst expectations.
Murphy Oil Corporation (NYSE:MUR - Get Free Report) SVP Daniel Hanchera sold 47,320 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $33.79, for a total value of $1,598,942.80. Following the completion of the sale, the senior vice president owned 36,166 shares in the company, valued at approximately $1,222,049.14. This trade represents a 56.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Murphy Oil Stock Performance
Murphy Oil stock traded up $1.00 during mid-day trading on Friday, hitting $35.72. 2,953,563 shares of the company's stock traded hands, compared to its average volume of 2,586,593. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $32.52 and a two-hundred day simple moving average of $30.26. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $36.08. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 49.30 and a beta of 0.72.
Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.21. The company had revenue of $613.08 million for the quarter, compared to analyst estimates of $650.90 million. Murphy Oil had a net margin of 3.83% and a return on equity of 3.73%. The company's revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, research analysts expect that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.
Murphy Oil Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.35 per share. This is a boost from Murphy Oil's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, February 17th. Murphy Oil's dividend payout ratio is presently 194.44%.
Institutional Investors Weigh In On Murphy Oil
Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Murphy Oil by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer's stock valued at $2,387,000 after buying an additional 1,419 shares during the period. United Services Automobile Association acquired a new stake in shares of Murphy Oil during the 1st quarter worth approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Murphy Oil by 22.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer's stock worth $7,074,000 after acquiring an additional 45,841 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Murphy Oil by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 1,782,051 shares of the oil and gas producer's stock valued at $40,096,000 after acquiring an additional 28,161 shares during the last quarter. Finally, Savant Capital LLC raised its position in Murphy Oil by 66.4% during the second quarter. Savant Capital LLC now owns 12,226 shares of the oil and gas producer's stock valued at $275,000 after purchasing an additional 4,880 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on MUR. Morgan Stanley reduced their price target on Murphy Oil from $27.00 to $25.00 and set an "underweight" rating for the company in a research note on Friday, January 23rd. Wells Fargo & Company lifted their target price on Murphy Oil from $28.00 to $32.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 27th. Weiss Ratings restated a "hold (c)" rating on shares of Murphy Oil in a research note on Monday, December 29th. Piper Sandler upgraded shares of Murphy Oil from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $33.00 to $41.00 in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price objective on shares of Murphy Oil from $29.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $31.45.
View Our Latest Report on Murphy Oil
Murphy Oil Company Profile
(
Get Free Report)
Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company's operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.
Murphy Oil's exploration and production activities are geographically diversified.
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