Jane Street Group LLC Has $7.04 Million Position in Murphy Oil Co. (NYSE:MUR)

Jane Street Group LLC boosted its stake 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 13F filing with the Securities and Exchange Commission (SEC). 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 0.16% of Murphy Oil worth $7,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank lifted its position in 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 purchasing an additional 641 shares during the period. GeoWealth Management LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at $39,000. Lindbrook Capital LLC raised its stake in shares of Murphy Oil by 60.5% in 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 lifted its holdings in shares of 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 worth $58,000 after acquiring an additional 471 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of 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 acquiring an additional 565 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MUR shares. 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. Barclays cut their target price on Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Piper Sandler lifted their price objective on Murphy Oil from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Murphy Oil in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $32.08.

Murphy Oil Price Performance

Shares of Murphy Oil stock traded up $0.47 during midday trading on Friday, reaching $21.85. The company had a trading volume of 3,089,930 shares, compared to its average volume of 2,169,246. The stock has a fifty day simple moving average of $23.53 and a 200 day simple moving average of $27.91. Murphy Oil Co. has a 1-year low of $18.95 and a 1-year high of $44.73. 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 company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 8.12 and a beta of 1.10.

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%. The firm's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil's dividend payout ratio (DPR) is 50.00%.

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.