Texas Permanent School Fund Corp Has $5.71 Million Stake in Murphy Oil Co. (NYSE:MUR)

Texas Permanent School Fund Corp trimmed its holdings in shares of Murphy Oil Co. (NYSE:MURFree Report) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,989 shares of the oil and gas producer’s stock after selling 3,206 shares during the period. Texas Permanent School Fund Corp owned about 0.08% of Murphy Oil worth $5,714,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Murphy Oil by 6.2% during the second quarter. Geode Capital Management LLC now owns 2,980,347 shares of the oil and gas producer’s stock valued at $114,147,000 after purchasing an additional 173,730 shares during the last quarter. Creative Planning grew its stake in shares of Murphy Oil by 16.9% in the second quarter. Creative Planning now owns 18,762 shares of the oil and gas producer’s stock valued at $719,000 after buying an additional 2,719 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Murphy Oil by 2,349.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 156,190 shares of the oil and gas producer’s stock worth $5,982,000 after buying an additional 149,813 shares during the last quarter. BlackRock Inc. raised its position in Murphy Oil by 9.6% during the second quarter. BlackRock Inc. now owns 20,022,597 shares of the oil and gas producer’s stock worth $766,865,000 after acquiring an additional 1,758,945 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Murphy Oil by 21.1% in the third quarter. Inspire Investing LLC now owns 31,974 shares of the oil and gas producer’s stock valued at $1,450,000 after acquiring an additional 5,574 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.

Murphy Oil Price Performance

NYSE:MUR opened at $37.89 on Monday. Murphy Oil Co. has a 52 week low of $32.80 and a 52 week high of $48.47. The firm’s 50-day simple moving average is $40.52 and its 200 day simple moving average is $43.14. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 8.98 and a beta of 2.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.89.

Murphy Oil (NYSE:MURGet Free Report) last released its earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.10). The firm had revenue of $844.20 million during the quarter, compared to the consensus estimate of $852.24 million. Murphy Oil had a net margin of 19.12% and a return on equity of 13.02%. Murphy Oil’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. As a group, sell-side analysts predict that Murphy Oil Co. will post 4.36 earnings per share for the current year.

Murphy Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th will be paid a $0.30 dividend. 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. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. Murphy Oil’s dividend payout ratio (DPR) is presently 26.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MUR. Piper Sandler dropped their target price on shares of Murphy Oil from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Tuesday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Murphy Oil in a research report on Tuesday, November 28th. UBS Group decreased their target price on Murphy Oil from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. Finally, KeyCorp cut their price target on Murphy Oil from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.90.

Get Our Latest Analysis on Murphy Oil

Murphy Oil 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.

Featured Stories

Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Co. (NYSE:MURFree Report).

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

Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.