Brevan Howard Capital Management LP Has $405,000 Position in Murphy Oil Co. (NYSE:MUR)

Brevan Howard Capital Management LP lowered its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 82.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,400 shares of the oil and gas producer's stock after selling 61,429 shares during the quarter. Brevan Howard Capital Management LP's holdings in Murphy Oil were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MUR. Huntington National Bank raised its holdings in Murphy Oil by 342.8% in the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 641 shares during the period. GeoWealth Management LLC bought a new position in Murphy Oil in the 4th quarter worth $39,000. Lindbrook Capital LLC increased its holdings 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 purchasing an additional 543 shares during the period. Headlands Technologies LLC increased 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 purchasing an additional 471 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings 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 worth $69,000 after purchasing an additional 565 shares during the period. Institutional investors own 78.31% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. UBS Group decreased their target price on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Scotiabank decreased 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 research report on Friday, April 11th. Roth Capital lowered shares of Murphy Oil from a "buy" rating to a "neutral" rating and decreased their target price for the company from $27.00 to $25.00 in a research report on Thursday. Truist Financial lowered shares of Murphy Oil from a "buy" rating to a "hold" rating and reduced their price target for the company from $42.00 to $31.00 in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced 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 report on Thursday, March 13th. Two 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. According to MarketBeat, Murphy Oil currently has a consensus rating of "Hold" and a consensus price target of $29.31.

Murphy Oil Trading Down 0.5%

NYSE:MUR traded down $0.12 during trading hours on Friday, hitting $22.13. The stock had a trading volume of 650,992 shares, compared to its average volume of 2,183,184. Murphy Oil Co. has a one year low of $18.95 and a one year high of $43.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 8.21 and a beta of 1.10. The business's 50 day moving average is $23.38 and its 200-day moving average is $27.72.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings data 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 net margin of 13.44% and a return on equity of 7.66%. 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 firm earned $0.85 earnings per share. The firm's revenue was down 15.4% compared to the same quarter last year. Sell-side analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 5.88%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil's payout ratio is 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.