Murphy Oil Co. (NYSE:MUR) Holdings Raised by Bayesian Capital Management LP

Bayesian Capital Management LP boosted its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 118.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,756 shares of the oil and gas producer's stock after buying an additional 28,100 shares during the quarter. Bayesian Capital Management LP's holdings in Murphy Oil were worth $1,566,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in Murphy Oil by 1.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 25,069 shares of the oil and gas producer's stock valued at $759,000 after purchasing an additional 450 shares during the period. Headlands Technologies LLC increased its stake in shares of Murphy Oil by 32.9% during the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after purchasing an additional 471 shares in the last quarter. Lindbrook Capital LLC grew its stake in Murphy Oil by 60.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock worth $44,000 after acquiring an additional 543 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Murphy Oil by 32.9% during the fourth quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock worth $69,000 after purchasing an additional 565 shares during the last quarter. Finally, Xponance Inc. increased its stake in Murphy Oil by 2.9% in the fourth quarter. Xponance Inc. now owns 19,916 shares of the oil and gas producer's stock valued at $603,000 after purchasing an additional 570 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MUR. Truist Financial lowered shares of Murphy Oil from a "buy" rating to a "hold" rating and dropped their price target for the stock from $42.00 to $31.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a report on Monday, April 21st. UBS Group reduced their price objective on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Roth Capital set a $37.00 target price on Murphy Oil in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.23.

Murphy Oil Stock Down 0.1 %

Shares of Murphy Oil stock traded down $0.02 during trading on Wednesday, reaching $20.98. The company had a trading volume of 3,883,877 shares, compared to its average volume of 2,138,410. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 7.80 and a beta of 1.10. Murphy Oil Co. has a fifty-two week low of $18.95 and a fifty-two week high of $45.30. The firm's fifty day moving average is $23.64 and its 200-day moving average is $28.14.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. During the same quarter last year, the company posted $0.85 EPS. The business's quarterly revenue was down 15.4% on a year-over-year basis. On average, analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil's payout ratio is 48.33%.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and 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.