Fintel reports that on August 23, 2023, Keybanc maintained coverage of Murphy Oil (NYSE:MUR) with a Overweight recommendation.
Analyst Price Forecast Suggests 6.92% Upside
As of August 2, 2023, the average one-year price target for Murphy Oil is 47.80. The forecasts range from a low of 38.38 to a high of $67.20. The average price target represents an increase of 6.92% from its latest reported closing price of 44.71.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Murphy Oil is 4,198MM, an increase of 20.46%. The projected annual non-GAAP EPS is 7.78.
What is the Fund Sentiment?
There are 766 funds or institutions reporting positions in Murphy Oil. This is a decrease of 35 owner(s) or 4.37% in the last quarter. Average portfolio weight of all funds dedicated to MUR is 0.23%, a decrease of 5.84%. Total shares owned by institutions increased in the last three months by 2.65% to 139,878K shares. 
The put/call ratio of MUR is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
Hotchkis & Wiley Capital Management holds 5,808K shares representing 3.72% ownership of the company. In it's prior filing, the firm reported owning 6,419K shares, representing a decrease of 10.51%. The firm decreased its portfolio allocation in MUR by 9.78% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,571K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 4,485K shares, representing an increase of 1.87%. The firm decreased its portfolio allocation in MUR by 19.10% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 4,508K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 4,513K shares, representing a decrease of 0.10%. The firm decreased its portfolio allocation in MUR by 17.79% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 3,865K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,805K shares, representing an increase of 1.56%. The firm decreased its portfolio allocation in MUR by 16.17% over the last quarter.
IWM - iShares Russell 2000 ETF holds 3,204K shares representing 2.05% ownership of the company. In it's prior filing, the firm reported owning 3,381K shares, representing a decrease of 5.50%. The firm decreased its portfolio allocation in MUR by 14.86% over the last quarter.
Murphy Oil Background Information
(This description is provided by the company.)
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond.
Additional reading:
- MURPHY OIL CORPORATION ANNOUNCES SECOND QUARTER 2023 FINANCIAL AND OPERATING RESULTS, STRATEGIC PORTFOLIO REPOSITIONING Exceeded Upper End of Guidance Range With Production of 184 MBOEPD, Signed Production Sharing Contracts for Côte d’Ivoire New Coun
- 0 www.murphyoilcorp.com NYSE: MUR INVESTOR PRESENTATION ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER JUNE 2023
- 0 www.murphyoilcorp.com NYSE: MUR INVESTOR UPDATE ROGER W. JENKINS PRESIDENT & CHIEF EXECUTIVE OFFICER MAY 2023
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