Klein Pavlis & Peasley Financial Inc. bought a new position in shares of Murphy Oil Co. (NYSE:MUR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 23,582 shares of the oil and gas producer's stock, valued at approximately $796,000.
Several other large investors have also recently bought and sold shares of MUR. Mather Group LLC. grew its position in shares of Murphy Oil by 1,015.7% in the 2nd quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer's stock valued at $26,000 after purchasing an additional 518 shares during the period. Compass Wealth Management LLC bought a new position in Murphy Oil in the third quarter valued at approximately $42,000. Bruce G. Allen Investments LLC boosted its holdings in shares of Murphy Oil by 106.5% in the third 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 during the period. Headlands Technologies LLC raised its holdings in shares of Murphy Oil by 1,434.5% during the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer's stock worth $53,000 after acquiring an additional 1,205 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Murphy Oil by 90.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,758 shares of the oil and gas producer's stock valued at $59,000 after acquiring an additional 833 shares in the last quarter. Institutional investors own 78.31% of the company's stock.
Murphy Oil Stock Performance
NYSE:MUR traded down $0.92 on Monday, hitting $31.86. The company's stock had a trading volume of 1,203,227 shares, compared to its average volume of 1,669,232. Murphy Oil Co. has a one year low of $31.54 and a one year high of $49.14. The firm has a market capitalization of $4.86 billion, a P/E ratio of 9.13 and a beta of 2.20. The stock has a fifty day moving average of $35.15 and a two-hundred day moving average of $39.36. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.23.
Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The business had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS. Research analysts predict that Murphy Oil Co. will post 3.48 earnings per share for the current year.
Murphy Oil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. Murphy Oil's dividend payout ratio (DPR) is currently 33.43%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their target price on Murphy Oil from $47.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Truist Financial decreased their price target on shares of Murphy Oil from $55.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Barclays cut their price objective on shares of Murphy Oil from $46.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Finally, Mizuho decreased their target price on shares of Murphy Oil from $59.00 to $50.00 and set an "outperform" rating for the company in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.17.
Check Out Our Latest Stock Report on Murphy Oil
Murphy Oil Profile
(
Free Report)
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.
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