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 6,809 funds
0
Analysts bullish %
of 10 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]
0.57% less ownership
Funds ownership: 81.68% [Q2] → 81.11% (-0.57%) [Q3]
5% less funds holding
Funds holding: 435 [Q2] → 412 (-23) [Q3]
20% less capital invested
Capital invested by funds: $5.14B [Q2] → $4.12B (-$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
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
20%
upside
Avg. target
$40
41%
upside
High target
$50
77%
upside
10 analyst ratings
4 positive
40%
6 neutral
60%
0 negative
0%
Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target | 38%upside $39 | Overweight Maintained | 17 Dec 2024 |
Mizuho William Janela 32% 1-year accuracy 8 / 25 met price target | 59%upside $45 | Outperform Maintained | 16 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 20%upside $34 | Neutral Maintained | 9 Dec 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 24%upside $35 | Equal-Weight Maintained | 9 Dec 2024 |
Barclays Betty Jiang 32% 1-year accuracy 8 / 25 met price target | 31%upside $37 | Equal-Weight Maintained | 11 Nov 2024 |
Financial journalist opinion
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
1 month 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
2 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.
Neutral
Business Wire
2 months ago
Murphy Oil Corporation Announces the Election of New Director
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) announced today the election of Robert B. Tudor, III, to the Company's Board of Directors, effective October 2, 2024. Mr. Tudor is the founder and CEO of Artemis Energy Partners, an investing and advisory platform focused on companies involved in the global energy markets. He is also a retired Founder and CEO of Tudor, Pickering, Holt & Co. Prior to forming TPH, Mr. Tudor was a Partner at Goldman Sachs and a leader of its worldwid.
Neutral
Business Wire
2 months ago
Murphy Oil Corporation Names Eric M. Hambly as President and Chief Executive Officer
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced today that its Board of Directors has appointed Eric M. Hambly, Murphy's current President and Chief Operating Officer, to succeed Roger W. Jenkins as the company's President and Chief Executive Officer, effective January 1, 2025. In addition, Mr. Hambly will become a member of the Board of Directors. Mr. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an a.
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