13,114 Shares in Murphy Oil Co. (NYSE:MUR) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Murphy Oil Co. (NYSE:MURFree Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,114 shares of the oil and gas producer’s stock, valued at approximately $595,000.

A number of other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in shares of Murphy Oil by 7,940.0% in the third quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 794 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Murphy Oil by 68.2% in the first quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 365 shares during the last quarter. Money Concepts Capital Corp increased its stake in Murphy Oil by 50.0% in the fourth quarter. Money Concepts Capital Corp now owns 1,800 shares of the oil and gas producer’s stock valued at $77,000 after purchasing an additional 600 shares during the last quarter. Covestor Ltd increased its stake in Murphy Oil by 291.7% in the second quarter. Covestor Ltd now owns 1,892 shares of the oil and gas producer’s stock valued at $72,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Murphy Oil in the first quarter valued at $97,000. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group dropped their price target on Murphy Oil from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Evercore ISI upped their price target on Murphy Oil from $39.00 to $41.00 in a research note on Thursday, October 12th. KeyCorp dropped their price target on Murphy Oil from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Piper Sandler dropped their price target on Murphy Oil from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Finally, Truist Financial restated a “buy” rating and set a $57.00 price target on shares of Murphy Oil in a research note on Tuesday, November 28th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.90.

Check Out Our Latest Stock Report on Murphy Oil

Murphy Oil Price Performance

NYSE MUR opened at $37.96 on Wednesday. Murphy Oil Co. has a fifty-two week low of $32.80 and a fifty-two week high of $48.47. The stock’s 50-day moving average is $40.82 and its two-hundred day moving average is $43.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.82. The firm has a market cap of $5.86 billion, a P/E ratio of 9.00 and a beta of 2.22.

Murphy Oil (NYSE:MURGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The business had revenue of $844.20 million during the quarter, compared to the consensus estimate of $852.24 million. Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. On average, analysts anticipate that Murphy Oil Co. will post 4.36 earnings per share for the current fiscal year.

Murphy Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.16%. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 16th. Murphy Oil’s payout ratio is currently 26.07%.

Murphy Oil Company Profile

(Free Report)

Murphy Oil Corporation, together with its subsidiaries, 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.

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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