Teza Capital Management LLC lowered its position in Murphy Oil Co. (NYSE:MUR - Free Report) by 54.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,895 shares of the oil and gas producer's stock after selling 27,319 shares during the quarter. Teza Capital Management LLC's holdings in Murphy Oil were worth $693,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in Murphy Oil by 342.8% during the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 641 shares in the last quarter. GeoWealth Management LLC purchased a new position in Murphy Oil during the 4th quarter valued at about $39,000. Lindbrook Capital LLC grew 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 buying an additional 543 shares in the last quarter. Headlands Technologies LLC grew 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 buying an additional 471 shares in the last quarter. Finally, Jones Financial Companies Lllp grew 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 buying an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company's stock.
Murphy Oil Price Performance
NYSE:MUR traded down $0.10 during mid-day trading on Friday, reaching $20.90. The stock had a trading volume of 1,493,329 shares, compared to its average volume of 2,210,999. The firm has a 50 day moving average price of $22.86 and a two-hundred day moving average price of $27.26. The stock has a market capitalization of $2.98 billion, a P/E ratio of 7.77 and a beta of 1.10. Murphy Oil Co. has a one year low of $18.95 and a one year high of $43.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83.
Murphy Oil (NYSE:MUR - Get Free Report) last released its 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. The company had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. Murphy Oil's quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, analysts expect that Murphy Oil Co. will post 2.94 earnings per share for the current year.
Murphy Oil Dividend Announcement
The company 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a yield of 6.22%. Murphy Oil's payout ratio is 50.00%.
Analyst Ratings Changes
A number of research firms have weighed in on MUR. Scotiabank reduced their target price 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. JPMorgan Chase & Co. dropped their price target on Murphy Oil from $33.00 to $28.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays dropped their price target on Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a research report on Friday, May 9th. KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. Finally, Truist Financial downgraded Murphy Oil from a "buy" rating to a "hold" rating and dropped their price target for the company from $42.00 to $31.00 in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.23.
Read Our Latest Stock Analysis on Murphy Oil
About Murphy Oil
(
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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