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Murphy Oil (MUR)

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.

Company profile

Ticker
MUR
Exchange
CEO
Roger Jenkins
Employees
Incorporated
Location
Fiscal year end
Former names
MURPHY OIL CORP /DE
SEC CIK
Subsidiaries
A. Arkansas Oil Company • B. Caledonia Land Company • C. El Dorado Engineering Inc. • El Dorado Exploracion y Produccion, S. de. R.L. de C.V. • (see company • D. Marine Land Company • E. Murphy Eastern Oil Company • F. Murphy Exploration & Production Company • Mentor Holding Corporation • a. Mentor Excess and Surplus Lines Insurance Company ...
IRS number
710361522

MUR stock data

Calendar

4 Aug 22
13 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 432.02M 432.02M 432.02M 432.02M 432.02M 432.02M
Cash burn (monthly) 16.19M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 23.59M n/a n/a n/a n/a n/a
Cash remaining 408.43M n/a n/a n/a n/a n/a
Runway (months of cash) 25.2 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 Thomas J Mireles RSU Common Stock Grant Acquire A No No 0 5,000 0 68,100
1 Jul 22 Thomas J Mireles Performance Stock Unit Common Stock Grant Acquire A No No 0 15,100 0 145,300
30 Jun 22 David R Looney Common Stock Payment of exercise Dispose F No No 30.43 1,124 34.2K 181,925
30 Jun 22 David R Looney Common Stock Option exercise Acquire M No No 0 2,856 0 183,049
30 Jun 22 David R Looney Common Stock Payment of exercise Dispose F No No 30.43 8,287 252.17K 180,193
30 Jun 22 David R Looney Common Stock Option exercise Acquire M No No 0 21,059 0 188,480
30 Jun 22 David R Looney Common Stock Payment of exercise Dispose F No No 30.43 9,920 301.87K 167,421
30 Jun 22 David R Looney Common Stock Option exercise Acquire M No No 0 25,210 0 177,341
30 Jun 22 David R Looney RSU Common Stock Option exercise Dispose M No No 0 20,400 0 0
30 Jun 22 David R Looney RSU Common Stock Option exercise Dispose M No No 0 43,200 0 20,400
79.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 311 289 +7.6%
Opened positions 61 52 +17.3%
Closed positions 39 39
Increased positions 94 85 +10.6%
Reduced positions 102 94 +8.5%
13F shares Current Prev Q Change
Total value 4.96B 3.11B +59.7%
Total shares 122.98M 118.97M +3.4%
Total puts 2.05M 935.9K +119.5%
Total calls 1.69M 1.19M +42.1%
Total put/call ratio 1.2 0.8 +54.4%
Largest owners Shares Value Change
FMR 22.84M $922.62M -1.4%
BLK Blackrock 17.44M $704.57M +4.4%
Vanguard 15.16M $612.15M +1.0%
Dimensional Fund Advisors 8.58M $346.75M +3.3%
STT State Street 7.82M $315.68M +4.9%
Hotchkis & Wiley Capital Management 7.32M $295.81M +43.7%
Geode Capital Management 2.64M $106.78M -3.8%
MCQEF Macquarie 2.6M $104.82M +52623.6%
BK Bank Of New York Mellon 2.27M $91.52M +2.7%
NTRS Northern Trust 1.92M $77.48M -3.2%
Largest transactions Shares Bought/sold Change
MCQEF Macquarie 2.6M +2.59M +52623.6%
Hotchkis & Wiley Capital Management 7.32M +2.23M +43.7%
PZN Pzena Investment Management 821.73K -1.23M -59.9%
BLK Blackrock 17.44M +729.32K +4.4%
Millennium Management 719.95K +584.87K +433.0%
Aventail Capital 0 -551K EXIT
First Trust Advisors 1.26M +542.89K +75.2%
IVZ Invesco 1.33M +539K +68.3%
Two Sigma Investments 472.87K -417.58K -46.9%
Voloridge Investment Management 103.43K -410.15K -79.9%

Financial report summary

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Risks
  • Volatility in the global prices of crude oil, natural gas liquids and natural gas can significantly affect the Company’s operating results, cash flows and financial condition.
Management Discussion
  • All amounts include amount attributable to a noncontrolling interest in MP GOM, unless otherwise noted.
  • United States E&P operations reported earnings of $491.5 million in the second quarter of 2022 compared to income of $194.7 million in the second quarter of 2021.  Results were $296.8 million favorable in the 2022 quarter compared to the 2021 period primarily due to higher revenues ($328.9 million), lower depreciation, depletion and amortization (DD&A, $26.3 million) and other operating expense ($37.6 million), partially offset by higher income tax expense ($76.4 million), and lease operating expense ($19.0 million). Higher revenues were primarily due to higher commodity prices, partially off-set by lower volumes. Lower DD&A is a result of lower production volumes and lower rates driven by positive reserve revisions primarily in the Eagle Ford Shale. Lower other operating expense is primarily due to lower unfavorable mark to market revaluations on contingent consideration (as a result of commodity prices) related to prior Gulf of Mexico (GOM) acquisitions that occurred in the second quarter of 2021. Higher income tax expense is a result of pre-tax profits principally due to the recovering oil price. Higher lease operating expense is due to cost increases from inflationary pressures (mainly at our onshore businesses), higher severance taxes at Eagle Ford (due to higher commodity prices) and costs related to first production at the Khaleesi asset flowing to the King’s Quay facility.
  • Canadian E&P operations reported earnings of $47.2 million in the second quarter 2022 compared to income of $12.7 million in the second quarter of 2021. Results were favorable $34.5 million compared to the 2021 period primarily due to higher revenues from production ($36.2 million) and lower DD&A ($7.9 million), partially offset by higher tax expense ($12.9 million). Higher revenue is primarily attributable to higher oil and gas prices and higher natural gas volumes at Tupper Montney. Lower DD&A is due primarily to lower production volumes at Kaybob Duvernay due to normal well decline. Higher income tax expense is a result of pre-tax profits principally due to the recovering oil price.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: advancing, disruption, inflation, recessionary, reclassified, tender
Removed: LOE, meeting, premium, replacement, unvested, workover