Invenomic Capital Management LP Purchases 37,603 Shares of Murphy Oil Co. (NYSE:MUR)

Invenomic Capital Management LP increased its stake in Murphy Oil Co. (NYSE:MUR - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,716 shares of the oil and gas producer's stock after purchasing an additional 37,603 shares during the quarter. Invenomic Capital Management LP owned approximately 0.36% of Murphy Oil worth $15,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Huntington National Bank boosted its position in shares of Murphy Oil by 342.8% in the fourth 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 during the period. GeoWealth Management LLC purchased a new stake in Murphy Oil in the 4th quarter worth about $39,000. Lindbrook Capital LLC boosted its position 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 worth $44,000 after acquiring an additional 543 shares during the period. Headlands Technologies LLC grew its stake 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 acquiring an additional 471 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Murphy Oil by 32.9% in 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 during the period. Institutional investors and hedge funds own 78.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MUR. Barclays decreased their price target on shares of Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Mizuho lowered shares of Murphy Oil from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $32.00 to $31.00 in a research note on Tuesday. Morgan Stanley set a $27.00 price target on shares of Murphy Oil and gave the stock an "underweight" rating in a research note on Tuesday, April 15th. KeyCorp reissued 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 lowered their target price for the company from $42.00 to $31.00 in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.31.

Murphy Oil Stock Down 2.2%

Murphy Oil stock traded down $0.51 during mid-day trading on Friday, hitting $22.06. 1,874,702 shares of the company's stock were exchanged, compared to its average volume of 2,187,801. Murphy Oil Co. has a 1-year low of $18.95 and a 1-year high of $43.98. The stock has a 50 day moving average of $23.38 and a two-hundred day moving average of $27.72. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.15 billion, a P/E ratio of 8.20 and a beta of 1.10.

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, topping 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 company 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 company posted $0.85 EPS. The firm's revenue was down 15.4% on a year-over-year basis. As a group, analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be issued a dividend of $0.325 per share. The ex-dividend date is Friday, May 16th. This represents a $1.30 annualized dividend and a yield of 5.89%. Murphy Oil's dividend payout ratio (DPR) is presently 50.00%.

Murphy Oil 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.