Murphy Oil Co. (NYSE:MUR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in Murphy Oil Co. (NYSE:MUR - Free Report) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,817,941 shares of the oil and gas producer's stock after selling 23,211 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.25% of Murphy Oil worth $61,337,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. lifted its position in shares of Murphy Oil by 1,015.7% in the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 518 shares in the last quarter. Covestor Ltd raised its stake in Murphy Oil by 266.8% in the 3rd quarter. Covestor Ltd now owns 741 shares of the oil and gas producer's stock valued at $25,000 after purchasing an additional 539 shares during the last quarter. Reston Wealth Management LLC purchased a new position in Murphy Oil in the 3rd quarter valued at $27,000. Compass Wealth Management LLC purchased a new position in Murphy Oil in the 3rd quarter valued at $42,000. Finally, Headlands Technologies LLC boosted its stake in Murphy Oil by 1,434.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer's stock worth $53,000 after purchasing an additional 1,205 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Trading Down 0.2 %

NYSE MUR traded down $0.06 during trading hours on Friday, reaching $32.47. The company had a trading volume of 726,458 shares, compared to its average volume of 1,651,914. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.74 billion, a P/E ratio of 10.47 and a beta of 2.21. The stock has a 50-day moving average of $33.36 and a 200 day moving average of $37.18. Murphy Oil Co. has a 1-year low of $30.99 and a 1-year high of $49.14.

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

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.70%. Murphy Oil's payout ratio is presently 38.71%.

Analyst Upgrades and Downgrades

MUR has been the topic of several research reports. Truist Financial decreased their price target on shares of Murphy Oil from $55.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Piper Sandler decreased their target price on shares of Murphy Oil from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, November 18th. JPMorgan Chase & Co. dropped their price target on Murphy Oil from $47.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Barclays cut their price target on Murphy Oil from $38.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Finally, BMO Capital Markets lowered their price objective on Murphy Oil from $42.00 to $40.00 and set a "market perform" rating on the stock in a research note on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.92.

About Murphy Oil

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.