Murphy Oil Co. (NYSE:MUR) Shares Acquired by CoreCommodity Management LLC

CoreCommodity Management LLC boosted its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 230,492 shares of the oil and gas producer's stock after buying an additional 37,149 shares during the quarter. Murphy Oil makes up 1.4% of CoreCommodity Management LLC's holdings, making the stock its 4th biggest holding. CoreCommodity Management LLC owned approximately 0.16% of Murphy Oil worth $6,975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of 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 buying an additional 641 shares during the last quarter. GeoWealth Management LLC bought a new position in Murphy Oil in the fourth quarter valued at about $39,000. Lindbrook Capital LLC boosted its stake in shares of Murphy Oil by 60.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 543 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Murphy Oil by 32.9% during the fourth 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 last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Murphy Oil by 32.9% in the fourth quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock valued at $69,000 after buying an additional 565 shares during the period. Institutional investors own 78.31% of the company's stock.

Murphy Oil Stock Up 2.2 %

Shares of NYSE MUR traded up $0.47 during trading on Friday, hitting $21.85. 3,089,930 shares of the company traded hands, compared to its average volume of 2,164,964. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 8.12 and a beta of 1.10. The business's fifty day moving average is $23.53 and its 200 day moving average is $27.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. Murphy Oil Co. has a fifty-two week low of $18.95 and a fifty-two week high of $45.30.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $665.71 million for the quarter, compared to analyst estimates of $684.89 million. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The company's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Equities research analysts predict that Murphy Oil Co. will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. The ex-dividend date is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a yield of 5.95%. Murphy Oil's dividend payout ratio (DPR) is presently 48.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group reduced their target price 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 price objective on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Morgan Stanley set a $27.00 target price on Murphy Oil and gave the stock an "underweight" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced 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. Finally, Roth Capital set a $37.00 price objective on Murphy Oil in a research report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $32.08.

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.