Company profile

Roger W. Jenkins
Incorporated in
Fiscal year end
Former names
Murphy Oil Corp
IRS number

MUR stock data



7 May 20
12 Jul 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1B 637.48M 817.08M 709.05M
Net income -508.7M -54.4M 1.11B 123.2M
Diluted EPS -2.71 -0.47 6.76 0.54
Net profit margin -50.68% -8.53% 136% 17.38%
Operating income -554.52M -36.74M 226.46M 171M
Net change in cash 100.99M -128.14M 108.86M 39.76M
Cash on hand 407.75M 306.76M 434.9M 326.04M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.83B 1.79B 1.44B 1.81B
Net income 1.25B 419.49M -311.79M -275.97M
Diluted EPS 6.98 2.36 -1.81 -1.6
Net profit margin 44.30% 23.42% -21.59% -15.24%
Operating income 445.29M 215.59M -26.32M -388.9M
Net change in cash -53.16M -605.07M 92.19M 589.61M
Cash on hand 306.76M 359.92M 964.99M 872.8M

Financial data from Murphy Oil earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
2 Jul 20 Robert Madison Murphy Common Stock Gift Aquire G No 0 2,247 0 20,140
2 Jul 20 Robert Madison Murphy Common Stock Gift Dispose G No 0 2,247 0 2,340,219
30 Jun 20 T Jay Collins Phantom Stock Common Stock Grant Aquire A No 13.8 1,354 18.69K 15,301
30 Jun 20 Deming Claiborne P Phantom Stock Common Stock Grant Aquire A No 13.8 2,156 29.75K 30,836
30 Jun 20 Nolan Jeffrey W Phantom Stock Common Stock Grant Aquire A No 13.8 1,354 18.69K 20,460
30 Jun 20 Schmale Neal E Phantom Stock Common Stock Grant Aquire A No 13.8 1,796 24.78K 25,848
97.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 285 301 -5.3%
Opened positions 57 65 -12.3%
Closed positions 73 47 +55.3%
Increased positions 108 80 +35.0%
Reduced positions 77 110 -30.0%
13F shares
Current Prev Q Change
Total value 2.95B 14.5B -79.7%
Total shares 149.04M 150.29M -0.8%
Total puts 803.53K 1.95M -58.8%
Total calls 1.08M 1.67M -35.6%
Total put/call ratio 0.7 1.2 -36.0%
Largest owners
Shares Value Change
Capital International Investors 20.4M $125.07M -0.0%
FMR 20.24M $124.05M +32.3%
Vanguard 17.14M $105.07M +2.3%
BLK BlackRock 13.26M $81.3M -6.7%
Hotchkis & Wiley Capital Management 8.03M $49.21M -42.6%
Dimensional Fund Advisors 7.71M $47.23M +2.1%
STT State Street 7.1M $43.54M +15.6%
N Price T Rowe Associates 6.19M $37.96M -19.6%
Wedge Capital Management L L P 4.03M $24.7M -18.2%
PZN Pzena Investment Management 3.46M $21.23M +37.1%
Largest transactions
Shares Bought/sold Change
Hotchkis & Wiley Capital Management 8.03M -5.96M -42.6%
FMR 20.24M +4.94M +32.3%
Norges Bank 0 -2.36M EXIT
N Price T Rowe Associates 6.19M -1.51M -19.6%
Deprince Race & Zollo 0 -964.16K EXIT
STT State Street 7.1M +958.97K +15.6%
BLK BlackRock 13.26M -946.67K -6.7%
PZN Pzena Investment Management 3.46M +936.95K +37.1%
Wedge Capital Management L L P 4.03M -896.67K -18.2%
Poplar Forest Capital 1.54M +893.46K +138.3%

Financial report summary

  • Volatility in the global prices of crude oil, natural gas liquids and natural gas can significantly affect the Company’s operating results.
  • Murphy’s commodity price risk management may limit the Company’s ability to fully benefit from potential future price increases for oil and natural gas.
  • Murphy operates in highly competitive environments which could adversely affect it in many ways, including its profitability, cash flows and its ability to grow.
  • Murphy could face emerging long-term challenges to the fossil fuels business model.
  • Exploration drilling results can significantly affect the Company’s operating results.
  • If Murphy cannot replace its oil and natural gas reserves, it may not be able to sustain or grow its business.
  • Murphy’s proved reserves are based on the professional judgment of its engineers and may be subject to revision.
  • Capital financing may not always be available to fund Murphy’s activities; and interest rates could impact cash flows.
  • Murphy’s operations could be adversely affected by changes in foreign exchange rates.
  • The costs and funding requirements related to the Company’s retirement plans are affected by several factors.
  • Murphy has limited control over supply chain costs.
  • Murphy is sometimes reliant on joint venture partners for operating assets, and/or funding development projects and operations.
  • Murphy’s Information Technology environment may be exposed to cyber threats.
  • Potential federal or state regulations could increase the Company’s costs and/or restrict operating methods, which could adversely affect its production levels.
  • Murphy’s operations and earnings have been and will continue to be affected by worldwide political developments.
  • Murphy’s business is subject to operational hazards, security risks and risks normally associated with the exploration and production of oil and natural gas.
  • Murphy’s insurance may not be adequate to offset costs associated with certain events and there can be no assurance that insurance coverage will continue to be available in the future on terms that justify its purchase.
  • Lawsuits against Murphy and its subsidiaries could adversely affect its operating results.
  • The Company is exposed to credit risks associated with sales of certain of its products to customers and associated with its operating partners.
Management Discussion
  • In the first quarter of 2020 the continued spread of coronavirus disease 2019 (COVID-19) has led to disruption in the global economy and a weakness in demand for crude oil. Additionally, certain major global suppliers of crude oil announced supply increases in the first quarter of 2020 which resulted in a contribution to the lower global commodity prices. Certain countries also announced unexpected price discounts of $6 to $8 per barrel to global customers. For the three months ended March 31, 2020, West Texas Intermediate (WTI) crude oil prices averaged approximately $46. The closing price for WTI at the end of the first quarter of 2020 was approximately $30 per barrel, reflecting a 50% reduction from the price at the end of 2019. The average price in April 2020 was $16.70 per barrel. As of May 5, 2020 closing, the NYMEX WTI forward curve price for June through December 2020 was $28.73 per barrel. The reduction in commodity prices will reduce the Company’s profits and operating cash-flows; this is discussed in more detail in the Outlook section on page 30.
  • For the three months ended March 31, 2020, the Company produced 199 thousand barrels of oil equivalent per day (including noncontrolling interest) from continuing operations.  The Company invested $378.0 million in capital expenditures, on a value of work done basis, in the three months ended March 31, 2020, which included $28.8 million to fund the development of the King’s Quay FPS. The Company reported net loss from continuing operations (which includes loss attributable to noncontrolling interest of $92.6 million) of $503.8 million for the three months ended March 31, 2020.
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