Murphy Oil Co. (NYSE:MUR) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,630 shares of the oil and gas producer's stock after purchasing an additional 30,012 shares during the quarter. Jane Street Group LLC owned approximately 0.16% of Murphy Oil worth $7,039,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of Murphy Oil by 39.5% during the 4th quarter. AQR Capital Management LLC now owns 1,019,825 shares of the oil and gas producer's stock worth $30,646,000 after buying an additional 288,874 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Murphy Oil by 5.1% in the 4th quarter. Northern Trust Corp now owns 2,234,585 shares of the oil and gas producer's stock valued at $67,619,000 after purchasing an additional 107,871 shares during the last quarter. Quarry LP boosted its position in shares of Murphy Oil by 12.0% in the 4th quarter. Quarry LP now owns 75,416 shares of the oil and gas producer's stock valued at $2,282,000 after purchasing an additional 8,076 shares during the period. Oxford Asset Management LLP purchased a new position in Murphy Oil during the 4th quarter worth approximately $247,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Murphy Oil during the fourth quarter worth approximately $8,395,000. 78.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MUR. KeyCorp restated a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. Morgan Stanley set a $27.00 target price on shares of Murphy Oil and gave the stock an "underweight" rating in a research note on Tuesday, April 15th. Truist Financial cut 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. Wells Fargo & Company decreased their price objective on Murphy Oil from $31.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Mizuho lowered Murphy Oil from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $32.00 to $31.00 in a report on Tuesday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Murphy Oil presently has a consensus rating of "Hold" and an average target price of $30.23.

Murphy Oil Price Performance

MUR traded down $0.21 during midday trading on Wednesday, reaching $23.12. 760,946 shares of the company's stock were exchanged, compared to its average volume of 2,173,672. The business's 50-day moving average price is $23.49 and its 200 day moving average price is $27.81. The stock has a market capitalization of $3.30 billion, a PE ratio of 8.59 and a beta of 1.10. Murphy Oil Co. has a 1-year low of $18.95 and a 1-year high of $44.33. 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 issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $0.85 earnings per share. The company's quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 5.62%. The ex-dividend date is Friday, May 16th. Murphy Oil's dividend payout ratio (DPR) is 50.00%.

About Murphy Oil

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.