Bank of America Corp DE decreased its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 44.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 891,201 shares of the oil and gas producer's stock after selling 718,497 shares during the quarter. Bank of America Corp DE owned 0.61% of Murphy Oil worth $26,968,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Headlands Technologies LLC raised its position in shares of Murphy Oil by 32.9% in the fourth quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock valued at $58,000 after buying an additional 471 shares in the last quarter. Lindbrook Capital LLC raised its holdings 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 valued at $44,000 after acquiring an additional 543 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Murphy Oil by 32.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock valued at $69,000 after acquiring an additional 565 shares during the period. Xponance Inc. lifted its position in shares of Murphy Oil by 2.9% during the 4th quarter. Xponance Inc. now owns 19,916 shares of the oil and gas producer's stock valued at $603,000 after acquiring an additional 570 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Murphy Oil by 16.8% in the fourth quarter. Quadrant Capital Group LLC now owns 4,353 shares of the oil and gas producer's stock worth $132,000 after purchasing an additional 627 shares during the period. Institutional investors own 78.31% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Murphy Oil from $31.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. UBS Group reduced their price target on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Barclays lowered their price objective on shares of Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. Johnson Rice downgraded Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday. Finally, Scotiabank lowered their price target on Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Murphy Oil presently has an average rating of "Hold" and an average target price of $29.31.
Get Our Latest Stock Report on Murphy Oil
Murphy Oil Price Performance
MUR traded down $0.65 during trading on Wednesday, reaching $20.97. The stock had a trading volume of 2,777,730 shares, compared to its average volume of 2,204,454. The business has a 50-day moving average of $23.18 and a 200-day moving average of $27.49. Murphy Oil Co. has a one year low of $18.95 and a one year high of $43.44. 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 stock has a market cap of $2.99 billion, a PE ratio of 7.79 and a beta of 1.10.
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 for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The firm's revenue for the quarter was down 15.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, equities research analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current fiscal year.
Murphy Oil Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date is Friday, May 16th. Murphy Oil's dividend payout ratio (DPR) is presently 50.00%.
Murphy Oil Company Profile
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Free Report)
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.
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