Millennium Management LLC raised its position in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,654,218 shares of the oil and gas producer's stock after buying an additional 360,917 shares during the period. Millennium Management LLC owned about 1.13% of Murphy Oil worth $50,057,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of MUR. Cerity Partners LLC grew its position in shares of Murphy Oil by 18.6% in the 4th quarter. Cerity Partners LLC now owns 9,576 shares of the oil and gas producer's stock valued at $304,000 after acquiring an additional 1,503 shares during the period. Foundry Partners LLC increased its position in shares of Murphy Oil by 17.9% during the fourth quarter. Foundry Partners LLC now owns 227,680 shares of the oil and gas producer's stock worth $6,890,000 after buying an additional 34,620 shares during the period. Bank of New York Mellon Corp raised its stake in Murphy Oil by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer's stock worth $56,214,000 after buying an additional 13,263 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Murphy Oil during the fourth quarter valued at about $618,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Murphy Oil in the 4th quarter worth approximately $678,000. 78.31% of the stock is owned by institutional investors.
Murphy Oil Stock Performance
Shares of NYSE MUR traded down $0.01 during midday trading on Tuesday, hitting $21.61. The company's stock had a trading volume of 2,793,679 shares, compared to its average volume of 2,197,643. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 8.03 and a beta of 1.10. Murphy Oil Co. has a one year low of $18.95 and a one year high of $43.44. The stock has a fifty day moving average price of $23.25 and a 200 day moving average price of $27.53. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24.
Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. The firm had revenue of $665.71 million for the quarter, compared to analysts' expectations of $684.89 million. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The business's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, research analysts forecast that Murphy Oil Co. will post 2.94 EPS for the current fiscal year.
Murphy Oil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil's dividend payout ratio is presently 50.00%.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. UBS Group reduced their price target on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Scotiabank reduced their target price on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their target price on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Wells Fargo & Company decreased their target price on shares of Murphy Oil from $31.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Murphy Oil currently has a consensus rating of "Hold" and a consensus target price of $29.31.
Read Our Latest Research Report on MUR
Murphy Oil Company Profile
(
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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