Murphy Oil Co. (NYSE:MUR) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC trimmed its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 54.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,895 shares of the oil and gas producer's stock after selling 27,319 shares during the period. Teza Capital Management LLC's holdings in Murphy Oil were worth $693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MUR. Huntington National Bank grew its position in shares of Murphy Oil by 342.8% during the fourth quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 641 shares during the last quarter. GeoWealth Management LLC bought a new position in shares of Murphy Oil during the fourth quarter worth about $39,000. Lindbrook Capital LLC grew its position in shares of Murphy Oil by 60.5% during the fourth 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 last quarter. Headlands Technologies LLC grew its position in shares of Murphy Oil by 32.9% during the fourth quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 471 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position 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 acquiring an additional 565 shares during the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $21.62 on Tuesday. The stock's fifty day simple moving average is $23.25 and its 200 day simple moving average is $27.53. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.04 and a beta of 1.10. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. Murphy Oil Co. has a 52-week low of $18.95 and a 52-week high of $43.44.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $684.89 million. During the same quarter last year, the business posted $0.85 EPS. Murphy Oil's revenue was down 15.4% on a year-over-year basis. As a group, sell-side analysts forecast that Murphy Oil Co. will post 2.94 earnings per share 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. Investors of record on Friday, May 16th will be given a $0.325 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.30 annualized dividend and a dividend yield of 6.01%. Murphy Oil's dividend payout ratio (DPR) is presently 50.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley set a $27.00 price target on shares of Murphy Oil and gave the stock an "underweight" rating in a research report on Tuesday, April 15th. Truist Financial lowered shares of Murphy Oil from a "buy" rating to a "hold" rating and decreased their target price for the company from $42.00 to $31.00 in a research report on Friday, January 31st. Roth Capital lowered shares of Murphy Oil from a "buy" rating to a "neutral" rating and decreased their target price for the company from $27.00 to $25.00 in a research report on Thursday, May 15th. Piper Sandler decreased their target price on shares of Murphy Oil from $35.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $29.31.

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.

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