Capital One Financial Weighs in on Murphy Oil Co.’s Q3 2024 Earnings (NYSE:MUR)

Murphy Oil Co. (NYSE:MUR) – Equities research analysts at Capital One Financial decreased their Q3 2024 earnings per share estimates for Murphy Oil in a research report issued to clients and investors on Tuesday, September 17th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.73 per share for the quarter, down from their prior estimate of $1.03. The consensus estimate for Murphy Oil’s current full-year earnings is $3.99 per share. Capital One Financial also issued estimates for Murphy Oil’s Q4 2024 earnings at $1.02 EPS, FY2024 earnings at $3.42 EPS, Q1 2025 earnings at $1.17 EPS, Q2 2025 earnings at $1.20 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.26 EPS, FY2025 earnings at $4.87 EPS and FY2026 earnings at $5.65 EPS.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The business had revenue of $802.80 million for the quarter, compared to the consensus estimate of $813.97 million. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS.

Several other brokerages have also recently weighed in on MUR. Wolfe Research began coverage on shares of Murphy Oil in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Barclays lowered their target price on Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Mizuho cut their price target on Murphy Oil from $59.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com cut Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Morgan Stanley cut their target price on Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Murphy Oil Stock Up 2.0 %

Shares of Murphy Oil stock opened at $36.02 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 10.03 and a beta of 2.21. The firm’s 50-day moving average is $37.86 and its two-hundred day moving average is $41.30. Murphy Oil has a 1 year low of $33.15 and a 1 year high of $49.14.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Monday, August 19th. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

Institutional Trading of Murphy Oil

Large investors have recently bought and sold shares of the stock. Mather Group LLC. lifted its stake in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 518 shares during the period. Rise Advisors LLC acquired a new stake in Murphy Oil during the 1st quarter worth about $30,000. Lindbrook Capital LLC grew its stake in Murphy Oil by 47.7% during the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 233 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Murphy Oil by 1,434.5% in the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 1,205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Murphy Oil by 27.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 78.31% 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.