BNP Paribas Financial Markets Has $1.27 Million Stock Position in Murphy Oil Co. (NYSE:MUR)

BNP Paribas Financial Markets reduced its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 32.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,731 shares of the oil and gas producer's stock after selling 18,002 shares during the period. BNP Paribas Financial Markets' holdings in Murphy Oil were worth $1,273,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Murphy Oil by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer's stock worth $340,400,000 after purchasing an additional 262,256 shares during the last quarter. Bank of New York Mellon Corp raised its position in Murphy Oil by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 2,138,985 shares of the oil and gas producer's stock valued at $88,212,000 after acquiring an additional 107,462 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Murphy Oil by 3,191.6% in the third quarter. International Assets Investment Management LLC now owns 1,627,268 shares of the oil and gas producer's stock valued at $54,904,000 after acquiring an additional 1,577,831 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Murphy Oil by 90.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,092,374 shares of the oil and gas producer's stock worth $45,050,000 after acquiring an additional 518,904 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Murphy Oil by 28.4% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,043,950 shares of the oil and gas producer's stock worth $35,223,000 after purchasing an additional 231,007 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler decreased their target price on Murphy Oil from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, November 18th. BMO Capital Markets reduced their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Wells Fargo & Company lowered their target price on shares of Murphy Oil from $39.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday. Mizuho dropped their target price on shares of Murphy Oil from $59.00 to $50.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Finally, Barclays decreased their price target on shares of Murphy Oil from $38.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.25.

Murphy Oil Stock Performance

Shares of MUR traded down $0.27 on Tuesday, reaching $30.27. 1,988,579 shares of the stock traded hands, compared to its average volume of 1,655,855. The stock's 50-day moving average price is $32.92 and its 200-day moving average price is $36.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 9.76 and a beta of 2.18. Murphy Oil Co. has a 12 month low of $29.84 and a 12 month high of $49.14.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). The business had revenue of $758.33 million during the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company's quarterly revenue was down 21.0% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. Equities analysts forecast that Murphy Oil Co. will post 3.15 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Monday, November 18th. Murphy Oil's payout ratio is 38.71%.

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.