Murphy Oil Co. (NYSE:MUR) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,234,585 shares of the oil and gas producer's stock after buying an additional 107,871 shares during the period. Northern Trust Corp owned about 1.53% of Murphy Oil worth $67,619,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. raised its stake in Murphy Oil by 91.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,751,737 shares of the oil and gas producer's stock valued at $53,008,000 after purchasing an additional 837,282 shares during the last quarter. Barclays PLC lifted its stake in shares of Murphy Oil by 399.4% during the third quarter. Barclays PLC now owns 1,012,944 shares of the oil and gas producer's stock valued at $34,177,000 after buying an additional 810,104 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Murphy Oil by 108.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,529,528 shares of the oil and gas producer's stock worth $46,284,000 after purchasing an additional 794,730 shares during the last quarter. Bessemer Group Inc. grew its holdings in Murphy Oil by 886,485.1% in the 4th quarter. Bessemer Group Inc. now owns 594,012 shares of the oil and gas producer's stock valued at $17,976,000 after buying an additional 593,945 shares during the period. Finally, HITE Hedge Asset Management LLC grew its holdings in Murphy Oil by 418.9% in the fourth quarter. HITE Hedge Asset Management LLC now owns 645,252 shares of the oil and gas producer's stock valued at $19,525,000 after purchasing an additional 520,894 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on Murphy Oil from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Barclays decreased their target price on Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Friday. Wells Fargo & Company restated an "equal weight" rating on shares of Murphy Oil in a report on Monday, February 3rd. Scotiabank decreased their price target on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their target price on Murphy Oil from $33.00 to $28.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.08.

Murphy Oil Stock Up 6.2%

Shares of Murphy Oil stock traded up $1.35 during trading on Monday, reaching $23.21. The company had a trading volume of 592,667 shares, compared to its average volume of 2,163,618. The firm's fifty day moving average is $23.53 and its 200-day moving average is $27.91. Murphy Oil Co. has a fifty-two week low of $18.95 and a fifty-two week high of $44.73. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 8.67 and a beta of 1.10. 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 (NYSE:MUR - Get Free Report) last announced 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 return on equity of 7.66% and a net margin of 13.44%. The firm had revenue of $665.71 million for the quarter, compared to analysts' expectations of $684.89 million. During the same period last year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was down 15.4% on a year-over-year basis. On average, analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

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 paid a $0.325 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a yield of 5.60%. Murphy Oil's payout ratio is currently 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.