Murphy Oil (NYSE:MUR) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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

Murphy Oil Stock Down 0.2 %

Shares of NYSE:MUR traded down $0.07 during mid-day trading on Friday, reaching $44.15. 1,692,742 shares of the stock were exchanged, compared to its average volume of 1,326,200. The stock’s 50 day simple moving average is $44.47 and its 200-day simple moving average is $42.68. Murphy Oil has a one year low of $32.80 and a one year high of $49.14. The company has a market cap of $6.74 billion, a P/E ratio of 12.30 and a beta of 2.22. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Murphy Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.72%. Murphy Oil’s dividend payout ratio (DPR) is 33.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MUR shares. Scotiabank lowered shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the company from $46.00 to $50.00 in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on Murphy Oil from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Mizuho upped their price objective on Murphy Oil from $53.00 to $55.00 and gave the company a “buy” rating in a report on Monday, April 15th. KeyCorp raised their target price on Murphy Oil from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, Truist Financial boosted their target price on Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.64.

Insider Buying and Selling at Murphy Oil

In other news, VP Maria A. Martinez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the transaction, the vice president now directly owns 40,590 shares of the company’s stock, valued at approximately $1,759,576.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Paul D. Vaughan sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $39.61, for a total transaction of $237,660.00. Following the sale, the vice president now owns 11,877 shares in the company, valued at approximately $470,447.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Maria A. Martinez sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the sale, the vice president now owns 40,590 shares of the company’s stock, valued at approximately $1,759,576.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 156,260 shares of company stock worth $6,322,644. Corporate insiders own 5.92% of the company’s stock.

Murphy Oil Company Profile

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.