Occudo Quantitative Strategies LP Reduces Stock Position in Murphy Oil Co. (NYSE:MUR)

Occudo Quantitative Strategies LP trimmed its position in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 47.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,470 shares of the oil and gas producer's stock after selling 14,191 shares during the period. Occudo Quantitative Strategies LP's holdings in Murphy Oil were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MUR. Huntington National Bank grew its holdings in Murphy Oil by 342.8% during 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 stake in shares of Murphy Oil in the fourth quarter valued at approximately $39,000. Lindbrook Capital LLC boosted its stake in shares of 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 raised its stake in Murphy Oil by 32.9% in 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 during the period. Finally, Jones Financial Companies Lllp lifted its holdings in 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 purchasing an additional 565 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $27.00 to $25.00 in a report on Thursday. Mizuho cut Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $32.00 to $31.00 in a report on Tuesday, May 13th. Truist Financial lowered Murphy Oil from a "buy" rating to a "hold" rating and lowered their target price for the stock from $42.00 to $31.00 in a research note on Friday, January 31st. UBS Group decreased their price objective on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, 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, May 9th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Murphy Oil has a consensus rating of "Hold" and an average price target of $29.31.

Murphy Oil Trading Down 2.1%

Shares of MUR stock traded down $0.46 during trading hours on Monday, hitting $21.62. 2,005,506 shares of the company were exchanged, compared to its average volume of 2,195,249. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. Murphy Oil Co. has a fifty-two week low of $18.95 and a fifty-two week high of $43.44. The company has a 50 day simple moving average of $23.32 and a two-hundred day simple moving average of $27.60. The firm has a market cap of $3.09 billion, a P/E ratio of 8.04 and a beta of 1.10.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its 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. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The business had revenue of $665.71 million during the quarter, compared to analyst estimates of $684.89 million. During the same period in the previous year, the company posted $0.85 EPS. The firm's revenue was down 15.4% compared to the same quarter last year. Equities analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Friday, May 16th. Murphy Oil's payout ratio is currently 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.