Murphy Oil
About: Murphy Oil Corp is an oil and gas exploration and production company, with both onshore and offshore operations and properties. It operates in two geographic reportable segments the United States and Canada. It generates the majority of its revenue form the United States.
Employees: 725
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
15% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 141
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
0.35% less ownership
Funds ownership: 82.51% [Q2] → 82.15% (-0.35%) [Q3]
5% less funds holding
Funds holding: 435 [Q2] → 412 (-23) [Q3]
20% less capital invested
Capital invested by funds: $5.19B [Q2] → $4.18B (-$1.02B) [Q3]
25% less call options, than puts
Call options by funds: $19.7M | Put options by funds: $26.1M
34% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 68
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
9%
upside
Avg. target
$39
27%
upside
High target
$50
61%
upside
9 analyst ratings
3 positive
33%
6 neutral
67%
0 negative
0%
Piper Sandler Mark Lear 29% 1-year accuracy 52 / 179 met price target | 25%upside $39 | Overweight Maintained | 17 Dec 2024 |
Mizuho William Janela 28% 1-year accuracy 7 / 25 met price target | 45%upside $45 | Outperform Maintained | 16 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 9%upside $34 | Neutral Maintained | 9 Dec 2024 |
Wells Fargo Roger Read 24% 1-year accuracy 24 / 100 met price target | 12%upside $35 | Equal-Weight Maintained | 9 Dec 2024 |
Barclays Betty Jiang 28% 1-year accuracy 7 / 25 met price target | 19%upside $37 | Equal-Weight Maintained | 11 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
1 hour ago
Murphy Oil Has Strong Return Potential
Murphy Oil Corporation's diversified portfolio spans the Americas, with significant assets in the U.S., Canada, Mexico, and exploration in Vietnam, aiming for mid single-digit production growth. The company is committed to reducing long-term debt to $1 billion by mid-2025, enhancing financial stability and positioning for downturns. Murphy's 3.0 capital allocation strategy focuses on shareholder returns, with 50% of FCF allocated to buybacks and dividends, achieving double-digit returns.
Neutral
Business Wire
2 days ago
Murphy Oil Corporation Schedules Fourth Quarter 2024 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, January 30, 2025 to discuss fourth quarter 2024 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be posted to the Investor Relations page of the company's website at http://ir.murphyoilcorp.com. Date: Thursday, Janua.
Positive
Seeking Alpha
1 month ago
Murphy Oil Corporation: CEO Change Will Now Occur
Roger Jenkins steps down as CEO, with Eric Hambly taking over. Murphy Oil aims for organic growth while maintaining exposure to potential elephants. The company is buying back stock due to undervaluation.
Neutral
Seeking Alpha
1 month ago
Murphy Oil Corporation (MUR) Q3 2024 Earnings Call Transcript
Murphy Oil Corporation (NYSE:MUR ) Q3 2024 Results Conference Call November 7, 2024 9:00 AM ET Company Participants Kelly Whitley - VP, Investor Relations and Communications Roger Jenkins - Chief Executive Officer Tom Mireles - EVP and CFO Eric Hambly - President and COO Conference Call Participants Neal Dingmann - Truist Securities Carlos Escalante - Wolfe Research, LLC Leo Mariani - ROTH MKM Paul Cheng - Scotia Howard Weil Tim Rezvan - KeyBanc Arun Jayaram - J.P. Morgan Operator Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation Third Quarter 2024 Earnings Conference Call and Webcast.
Negative
Zacks Investment Research
1 month ago
Murphy Oil Q3 Earnings Lag Estimates, Revenues Decline Y/Y
MUR's third-quarter earnings are lower than expected. The lower contribution from Eagle Ford Shale and Gulf of Mexico region has adversely impacted results.
Negative
Zacks Investment Research
1 month ago
Murphy Oil (MUR) Misses Q3 Earnings Estimates
Murphy Oil (MUR) came out with quarterly earnings of $0.74 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $1.59 per share a year ago.
Neutral
Business Wire
1 month ago
Murphy Oil Corporation Announces Third Quarter 2024 Financial and Operating Results
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the third quarter ended September 30, 2024, including net income attributable to Murphy of $139 million, or $0.93 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $111 million, or $0.74 adjusted net income per diluted share. Unless otherwise noted, the financial.
Positive
Zacks Investment Research
1 month ago
Murphy Oil to Post Q3 Earnings: What's in Store for the Stock?
MUR's third-quarter earnings are expected to have benefited from strong domestic volumes, while unplanned storm downtime and drop in prices might offset some positives.
Negative
Zacks Investment Research
2 months ago
Analysts Estimate Murphy Oil (MUR) to Report a Decline in Earnings: What to Look Out for
Murphy Oil (MUR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
3 months ago
Murphy Oil Corporation Announces Early Results of Cash Tender Offers for Outstanding Debt Securities
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) (“Murphy” or the “Company”) announced today the early tender results of its previously announced series of tender offers (the “Tender Offers”) to purchase for cash up to $600,000,000 aggregate principal amount (the “Maximum Aggregate Cap”) of certain of its outstanding series of senior notes listed in the table below (collectively, the “Notes”). The Tender Offers are being made pursuant to the terms and conditions set forth in the Off.
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