Rafferty Asset Management LLC grew its position in Murphy Oil Co. (NYSE:MUR - Free Report) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 200,816 shares of the oil and gas producer's stock after buying an additional 26,151 shares during the period. Rafferty Asset Management LLC owned approximately 0.14% of Murphy Oil worth $6,077,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank raised its holdings in 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 acquiring an additional 641 shares during the last quarter. GeoWealth Management LLC bought a new stake in shares of Murphy Oil in the 4th quarter worth $39,000. Lindbrook Capital LLC raised its stake in shares of Murphy Oil by 60.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 543 shares during the last quarter. Headlands Technologies LLC lifted its holdings 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 valued at $58,000 after purchasing an additional 471 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted 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 valued at $69,000 after buying an additional 565 shares during the last quarter. Institutional investors own 78.31% of the company's stock.
Murphy Oil Price Performance
Shares of Murphy Oil stock traded down $0.65 on Wednesday, hitting $20.97. 2,777,730 shares of the company traded hands, compared to its average volume of 2,207,397. 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 business has a 50-day simple moving average of $23.18 and a 200 day simple moving average of $27.49. Murphy Oil Co. has a 52 week low of $18.95 and a 52 week high of $43.02. The stock has a market capitalization of $2.99 billion, a P/E ratio of 7.79 and a beta of 1.10.
Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The business had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue was down 15.4% on a year-over-year basis. Research analysts expect that Murphy Oil Co. will post 2.94 earnings per share for the current fiscal year.
Murphy Oil Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 dividend yield of 6.20%. The ex-dividend date is Friday, May 16th. Murphy Oil's dividend payout ratio (DPR) is presently 50.00%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. UBS Group decreased their target price on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Barclays dropped their price target on Murphy Oil from $24.00 to $22.00 and set an "underweight" rating on the stock in a research note on Friday, May 9th. Scotiabank cut their price objective 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. Morgan Stanley set a $27.00 target price on Murphy Oil and gave the company an "underweight" rating in a report on Tuesday, April 15th. Finally, Roth Capital cut Murphy Oil from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $27.00 to $25.00 in a research report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $29.31.
View Our Latest Report on MUR
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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