EntryPoint Capital LLC Increases Stock Position in Murphy Oil Corporation $MUR

Key Points

• EntryPoint Capital LLC increased its stake in Murphy Oil Corporation by 88.1% in the first quarter, holding 29,679 shares valued at $843,000.
• Murphy Oil reported a quarterly earnings per share of $0.27, surpassing estimates of $0.21, but its revenue was down 13.4% compared to the previous year.
• The company's dividend of $0.325 will be paid on September 2nd, representing a yield of 5.9% and indicating a payout ratio of 67.36%.

EntryPoint Capital LLC raised its holdings in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 88.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,679 shares of the oil and gas producer's stock after purchasing an additional 13,903 shares during the quarter. Murphy Oil makes up approximately 0.4% of EntryPoint Capital LLC's portfolio, making the stock its 11th largest holding. EntryPoint Capital LLC's holdings in Murphy Oil were worth $843,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Murphy Oil by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,974,008 shares of the oil and gas producer's stock valued at $226,461,000 after purchasing an additional 35,826 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Murphy Oil by 210.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,610,766 shares of the oil and gas producer's stock valued at $159,346,000 after buying an additional 3,805,565 shares during the period. LSV Asset Management increased its position in shares of Murphy Oil by 29.4% during the first quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer's stock valued at $103,178,000 after buying an additional 825,746 shares during the period. Northern Trust Corp increased its position in shares of Murphy Oil by 5.1% during the fourth quarter. Northern Trust Corp now owns 2,234,585 shares of the oil and gas producer's stock valued at $67,619,000 after buying an additional 107,871 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Murphy Oil by 61.9% during the fourth quarter. Ameriprise Financial Inc. now owns 2,147,590 shares of the oil and gas producer's stock valued at $64,986,000 after buying an additional 821,427 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MUR has been the topic of several analyst reports. Morgan Stanley decreased their price target on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a research report on Friday, May 23rd. Mizuho cut Murphy Oil from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $32.00 to $31.00 in a research report on Tuesday, May 13th. UBS Group upped their price target on Murphy Oil from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Piper Sandler upped their price target on Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company set a $24.00 price target on Murphy Oil and gave the company an "equal weight" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $29.69.

Murphy Oil Price Performance

NYSE MUR traded up $1.4140 on Friday, reaching $24.0240. 2,375,517 shares of the company's stock traded hands, compared to its average volume of 2,322,682. Murphy Oil Corporation has a 12 month low of $18.94 and a 12 month high of $39.46. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77. The stock has a 50-day simple moving average of $24.27 and a 200 day simple moving average of $24.08. The stock has a market cap of $3.43 billion, a PE ratio of 12.45 and a beta of 1.13.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $695.57 million for the quarter, compared to analysts' expectations of $632.51 million. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The business's quarterly revenue was down 13.4% on a year-over-year basis. During the same period last year, the business earned $0.81 earnings per share. As a group, research analysts predict that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.325 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.30 dividend on an annualized basis and a yield of 5.4%. Murphy Oil's dividend payout ratio (DPR) is presently 67.36%.

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.