Murphy Oil Corporation operates as an oil and natural 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. Murphy Oil Corporation was incorporated in 1950 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: murphyoilcorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/15/2024 | $50.00 → $47.00 | Overweight → Neutral | JP Morgan |
7/18/2024 | Peer Perform | Wolfe Research | |
4/11/2024 | Sector Outperform → Sector Perform | Scotiabank | |
4/10/2024 | $54.00 | Equal Weight | Barclays |
3/20/2024 | Buy | ROTH MKM | |
7/11/2023 | $47.00 | Overweight | KeyBanc Capital Markets |
4/19/2023 | $45.00 | Neutral | UBS |
4/17/2023 | $41.00 | Hold → Buy | Jefferies |
4/11/2023 | $49.00 → $56.00 | Hold → Buy | Truist |
1/10/2023 | $53.00 → $51.00 | Buy | Mizuho |
Repurchased $194 Million of Shares Outstanding, Initiated Vietnam Exploration Program 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 and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI).1 Highlights for the third quarter
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 Offer to Purchase, dated September 19, 2024 (the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. As of 5:00 p.m., New York City time, on Octo
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 worldwide energy practice. Mr. Tudor is currently the Chairman of the Houston Energy Transition Initiative, which is a consortium of Houston's leading energy companies working to shape the region's Energy Transition Strategy. He also ser
Roger W. Jenkins Set to Retire After 11 Years as Chief Executive Officer 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 advisor until his retirement on December 31, 2025. Mr. Hambly holds both bachelor's and master's degrees in chemical engineering from Brigham Young Unive
The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on December 2, 2024, to stockholders of record as of November 18, 2024. ABOUT MURPHY OIL CORPORATION 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. Murp
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, November 7, 2024 to discuss third 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, November 7, 2024 Time: 9:00 a.m. EST Toll Free Dial-in: 800-717-1738 Conference ID: 41884 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in p
Murphy Oil Corporation (the "Company") (NYSE:MUR) announced today that it has priced an offering of $600 million of 6.000% Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC"). The Company expects to close the offering on October 3, 2024, subject to customary closing conditions, and expects to use the net proceeds from the offering, together with cash on hand, to (i) fund the previously announced cash tender offers (the "Tender Offers") to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2
Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the commencement of a series of tender offers to purchase for cash up to $600,000,000 aggregate principal amount (the "Maximum Aggregate Cap") certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). Dollars per $1,000 Principal Amount of Notes(3) Title of Security CUSIP Number Principal Amount Outstanding Maximum SubCap(1) Acceptance Priority Level(2) Tender Offer Consideration Early Tender Premium Total Consideration (4) 5.875% Senior Notes due 2027 626717 AM4 / US626717AM42 $416,731,0
Murphy Oil Corporation (the "Company") (NYSE:MUR) announced today that, subject to market conditions, it intends to offer $600 million of Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC"). The Company expects to use the net proceeds from the offering, together with cash on hand, to (i) fund the cash tender offers (the "Tender Offers") announced today to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2029 (together, the "Tender Notes") pursuant to the terms and conditions set forth in
Murphy Oil Corporation (NYSE:MUR) today announced that Roger W. Jenkins, Chief Executive Officer, will present at the Barclays 38th Annual CEO Energy-Power Conference on Wednesday, September 4, 2024 at 3:00 p.m. Eastern Daylight Time (EDT). The webcast presentation will be available on the company's website at http://ir.murphyoilcorp.com. ABOUT MURPHY OIL CORPORATION 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
Truist Securities analyst Neal Dingmann maintains Murphy Oil (NYSE:MUR) with a Buy and lowers the price target from $59 to $55.
Wolfe Research analyst Doug Leggate reinstates Murphy Oil (NYSE:MUR) with a Peer Perform.
4 analysts have expressed a variety of opinions on Murphy Oil (NYSE:MUR) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $53.5, a high estimate of $59.00, and a low estimate of $47.00. Witnessing a positive shift, the current averag
Piper Sandler analyst Mark Lear maintains Murphy Oil (NYSE:MUR) with a Overweight and lowers the price target from $55 to $54.
Scotiabank analyst Paul Cheng maintains Murphy Oil (NYSE:MUR) with a Sector Outperform and lowers the price target from $50 to $47.
Murphy Oil's (NYSE:MUR) short percent of float has fallen 12.57% since its last report. The company recently reported that it has 6.43 million shares sold short, which is 6.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.73 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
- Reuters
Murphy Oil's (NYSE:MUR) short percent of float has risen 23.79% since its last report. The company recently reported that it has 7.36 million shares sold short, which is 6.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Murphy Oil's (NYSE:MUR) short percent of float has fallen 4.93% since its last report. The company recently reported that it has 5.95 million shares sold short, which is 5.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.45 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Mizuho analyst William Janela maintains Murphy Oil (NYSE:MUR) with a Buy and raises the price target from $55 to $59.
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Repurchased $194 Million of Shares Outstanding, Initiated Vietnam Exploration Program 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 and operating highlights and metrics discussed in this commentary exclude noncontrolling interest (NCI).1 Highlights for the third quarter
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 Offer to Purchase, dated September 19, 2024 (the "Offer to Purchase"). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offers. As of 5:00 p.m., New York City time, on Octo
Roger W. Jenkins Set to Retire After 11 Years as Chief Executive Officer 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 advisor until his retirement on December 31, 2025. Mr. Hambly holds both bachelor's and master's degrees in chemical engineering from Brigham Young Unive
The Board of Directors of Murphy Oil Corporation (NYSE:MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.30 per share, or $1.20 per share on an annualized basis. The dividend is payable on December 2, 2024, to stockholders of record as of November 18, 2024. ABOUT MURPHY OIL CORPORATION 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. Murp
Murphy Oil Corporation (NYSE:MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Standard Time (EST) on Thursday, November 7, 2024 to discuss third 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, November 7, 2024 Time: 9:00 a.m. EST Toll Free Dial-in: 800-717-1738 Conference ID: 41884 ABOUT MURPHY OIL CORPORATION As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in p
Murphy Oil Corporation (the "Company") (NYSE:MUR) announced today that it has priced an offering of $600 million of 6.000% Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC"). The Company expects to close the offering on October 3, 2024, subject to customary closing conditions, and expects to use the net proceeds from the offering, together with cash on hand, to (i) fund the previously announced cash tender offers (the "Tender Offers") to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2
Murphy Oil Corporation (NYSE:MUR) ("Murphy" or the "Company") announced today the commencement of a series of tender offers to purchase for cash up to $600,000,000 aggregate principal amount (the "Maximum Aggregate Cap") certain of its outstanding series of senior notes listed in the table below (collectively, the "Notes"). Dollars per $1,000 Principal Amount of Notes(3) Title of Security CUSIP Number Principal Amount Outstanding Maximum SubCap(1) Acceptance Priority Level(2) Tender Offer Consideration Early Tender Premium Total Consideration (4) 5.875% Senior Notes due 2027 626717 AM4 / US626717AM42 $416,731,0
Murphy Oil Corporation (the "Company") (NYSE:MUR) announced today that, subject to market conditions, it intends to offer $600 million of Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission ("SEC"). The Company expects to use the net proceeds from the offering, together with cash on hand, to (i) fund the cash tender offers (the "Tender Offers") announced today to purchase up to $600 million aggregate principal amount of its outstanding 5.875% Senior Notes due 2027, 6.375% Senior Notes due 2028 and 7.050% Senior Notes due 2029 (together, the "Tender Notes") pursuant to the terms and conditions set forth in
Announced Discovery at Ocotillo #1 Exploration Well in the Gulf of Mexico, Repurchased $56 Million of Shares Outstanding and $50 Million of Senior Notes Murphy Oil Corporation (NYSE:MUR) today announced its financial and operating results for the second quarter ended June 30, 2024, including net income attributable to Murphy of $128 million, or $0.83 net income per diluted share. Excluding discontinued operations and other items affecting comparability between periods, adjusted net income attributable to Murphy was $124 million, or $0.81 adjusted net income per diluted share. Unless otherwise noted, the financial and operating highlights and metrics discussed in this commentary exclude
Murphy Oil Corporation (NYSE:MUR) announced today that it released the 2024 Sustainability Report, which covers the company's environmental, social and governance (ESG) performance and progress on established targets. The report is available here, along with a summary fact sheet. "Our team continues its legacy of operational excellence by making great strides in operating more sustainably for the long term, and I am pleased at what we achieved this past year. Murphy's sixth sustainability report highlights the dedication and collective efforts of our incredible team in carrying out our goal of providing society with responsibly produced energy," said Roger W. Jenkins, Chief Executive Offi
Murphy Oil Corporation (NYSE:MUR) today announced that David R. Looney plans to retire from the company and will relinquish his position as Executive Vice President and Chief Financial Officer on June 30, 2022. The Board of Directors has elected Thomas J. "Tom" Mireles to serve as his replacement effective upon Mr. Looney's retirement. Mr. Mireles will assume Mr. Looney's responsibilities, as well as maintain oversight of the company's sustainability function. Mr. Looney joined Murphy in 2018, and will conclude his 38-year financial career by modernizing Murphy's financial function, as well as leading efforts to strengthen the balance sheet following the global pandemic. Joining the compa
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) announced today the appointment of Michelle A. Earley to Murphy’s Board of Directors, effective June 10, 2021. “We are excited to welcome Ms. Earley to our Board of Directors,” stated Claiborne P. Deming, Chairman of the Board for Murphy Oil Corporation. “Michelle brings perspectives and expertise in energy governance to Murphy. Her appointment is also aligned with the Board’s commitment to bring skillsets to the boardroom that will best position us to deliver for all of our shareholders.” A partner at Locke Lord LLP since 2008, Ms. Earley serves as co-chair of the firm’s Capital Markets Group and the Diversity Committee
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JP Morgan downgraded Murphy Oil from Overweight to Neutral and set a new price target of $47.00 from $50.00 previously
Wolfe Research resumed coverage of Murphy Oil with a rating of Peer Perform
Scotiabank downgraded Murphy Oil from Sector Outperform to Sector Perform
Barclays initiated coverage of Murphy Oil with a rating of Equal Weight and set a new price target of $54.00
ROTH MKM reiterated coverage of Murphy Oil with a rating of Buy
KeyBanc Capital Markets initiated coverage of Murphy Oil with a rating of Overweight and set a new price target of $47.00
UBS initiated coverage of Murphy Oil with a rating of Neutral and set a new price target of $45.00
Jefferies upgraded Murphy Oil from Hold to Buy and set a new price target of $41.00
Truist upgraded Murphy Oil from Hold to Buy and set a new price target of $56.00 from $49.00 previously
Mizuho resumed coverage of Murphy Oil with a rating of Buy and set a new price target of $51.00 from $53.00 previously
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