Fmr LLC Sells 155,281 Shares of Murphy Oil Co. (NYSE:MUR)

FMR LLC trimmed its position in Murphy Oil Co. (NYSE:MUR - Free Report) by 24.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 476,584 shares of the oil and gas producer's stock after selling 155,281 shares during the period. FMR LLC owned about 0.33% of Murphy Oil worth $16,080,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MUR. Covestor Ltd lifted its position in shares of Murphy Oil by 266.8% during the 3rd quarter. Covestor Ltd now owns 741 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 539 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of Murphy Oil during the 3rd quarter valued at $27,000. Compass Wealth Management LLC purchased a new stake in Murphy Oil during the 3rd quarter worth about $42,000. Headlands Technologies LLC boosted its stake in Murphy Oil by 1,434.5% in 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 period. Finally, Bruce G. Allen Investments LLC grew its holdings in Murphy Oil by 106.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 758 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil Trading Up 1.5 %

NYSE:MUR traded up $0.44 during midday trading on Wednesday, reaching $30.71. 2,143,223 shares of the stock traded hands, compared to its average volume of 1,657,895. The stock has a market capitalization of $4.48 billion, a P/E ratio of 9.76 and a beta of 2.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The company has a fifty day moving average of $32.92 and a 200 day moving average of $36.53. 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 earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The business had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. During the same quarter in the prior year, the company earned $1.59 EPS. Murphy Oil's revenue was down 21.0% compared to the same quarter last year. On average, research analysts predict that Murphy Oil Co. will post 3.15 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Monday, November 18th. Murphy Oil's dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

MUR has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Murphy Oil from $43.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, November 18th. Barclays cut 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. Morgan Stanley decreased their price target on shares of Murphy Oil from $43.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Truist Financial dropped their price objective on Murphy Oil from $55.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Finally, Wells Fargo & Company lowered their price target on Murphy Oil from $39.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday. 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.com, the company currently has a consensus rating of "Hold" and an average price target of $40.25.

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.