Murphy Oil Corp. (MUR) Stock Could Soon Reward Patient Investors

Murphy Oil Corp. (NYSE: MUR) is -9.26% lower on its value in year-to-date trading and has touched a low of $32.80 and a high of $48.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MUR stock was last observed hovering at around $37.89 in the last trading session, with the day’s gains setting it 0.82%.

Currently trading at $38.71, the stock is 1.15% and -4.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 2.16% at the moment leaves the stock -6.36% off its SMA200. MUR registered -5.40% loss for a year compared to 6-month loss of -12.18%. The firm has a 50-day simple moving average (SMA 50) of $2.23 and a 200-day simple moving average (SMA200) of $4.05.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

The stock witnessed a -1.43% gain in the last 1 month and extending the period to 3 months gives it a -8.57%, and is 2.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.08% over the week and 2.50% over the month.

Murphy Oil Corp. (MUR) has around Feb 16 2024 employees, a market worth around $5.98B and $3.45B in sales. Current P/E ratio is 9.17 and Fwd P/E is 6.73. Profit margin for the company is 19.18%. Distance from 52-week low is 18.02% and -20.14% from its 52-week high. The company has generated returns on investments over the last 12 months (9.13%).

Murphy Oil Corp. quarterly earnings per share for the current quarter are estimated at $0.88 with sales reaching $737.74M over the same period.The EPS is expected to shrink by -6.61% this year, but quarterly earnings will post -5.50% year-over-year. Quarterly sales are estimated to shrink -12.20% in year-over-year returns.

Murphy Oil Corp. (MUR) Top Institutional Holders

506 institutions hold shares in Murphy Oil Corp. (MUR), with institutional investors hold 84.42% of the company’s shares. The shares outstanding are 155.47M, and float is at 145.54M with Short Float at 6.22%. Institutions hold 79.53% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 20.02 million shares valued at $766.87 million. The investor’s holdings represent 12.82% of the MUR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.68 million shares valued at $638.83 million to account for 10.68% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 7.71 million shares representing 4.94% and valued at over $295.47 million, while State Street Corporation holds 4.29% of the shares totaling 6.7 million with a market value of $256.43 million.

Murphy Oil Corp. (MUR) Insider Activity

A total of 1 insider transactions have happened at Murphy Oil Corp. (MUR) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Keller Elisabeth W,the company’sDirector. SEC filings show that Keller Elisabeth W sold 1,116 shares of the company’s common stock on Sep 20 at a price of $45.49 per share for a total of $50772.0. Following the sale, the insider now owns 7151.0 shares.

Murphy Oil Corp. disclosed in a document filed with the SEC on Aug 08 that MURPHY ROBERT MADISON (Director) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Aug 08 and was made at $43.30 per share for $4.33 million. Following the transaction, the insider now directly holds 1.5 million shares of the MUR stock.

Still, SEC filings show that on Aug 08, GARDNER JOHN B (Vice President) disposed off 10,000 shares at an average price of $42.95 for $0.43 million. The insider now directly holds 19,895 shares of Murphy Oil Corp. (MUR).

Murphy Oil Corp. (MUR): Who are the competitors?

The company’s main competitors (and peers) include Valero Energy Corp. (VLO) that is trading 1.95% up over the past 12 months. TotalEnergies SE ADR (TTE) that is 1.00% higher over the same period.