GTS Securities LLC Has $1.12 Million Stock Position in Murphy Oil Co. (NYSE:MUR)

GTS Securities LLC lifted its stake in Murphy Oil Co. (NYSE:MUR - Free Report) by 108.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,836 shares of the oil and gas producer's stock after buying an additional 19,136 shares during the period. GTS Securities LLC's holdings in Murphy Oil were worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Huntington National Bank raised its holdings in shares of Murphy Oil by 342.8% in the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock worth $25,000 after buying an additional 641 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Murphy Oil in the 4th quarter worth approximately $39,000. Lindbrook Capital LLC increased its holdings in Murphy Oil by 60.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 543 shares in the last quarter. Headlands Technologies LLC increased its holdings in 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 valued at $58,000 after purchasing an additional 471 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in 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 purchasing an additional 565 shares in the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Stock Down 1.3%

Shares of MUR traded down $0.27 during midday trading on Friday, hitting $20.98. The stock had a trading volume of 647,817 shares, compared to its average volume of 2,208,741. The company has a 50 day simple moving average of $22.40 and a two-hundred day simple moving average of $26.97. Murphy Oil Co. has a twelve month low of $18.95 and a twelve month high of $43.02. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 7.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR - Get Free Report) last released 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 $0.48 by $0.08. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The firm had revenue of $665.71 million for the quarter, compared to the consensus estimate of $684.89 million. During the same quarter last year, the business posted $0.85 EPS. The company's revenue for the quarter 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil's dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of research analysts have commented on MUR shares. Barclays decreased their price objective on Murphy Oil from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. UBS Group decreased their price objective on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Mizuho lowered Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $32.00 to $31.00 in a research report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Piper Sandler reduced their price target on Murphy Oil from $35.00 to $30.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $29.23.

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.