Quest Partners LLC Has $3.67 Million Holdings in Murphy Oil Co. (NYSE:MUR)

Quest Partners LLC grew its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 276.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,677 shares of the oil and gas producer's stock after acquiring an additional 79,791 shares during the period. Murphy Oil accounts for 0.3% of Quest Partners LLC's portfolio, making the stock its 23rd largest holding. Quest Partners LLC owned 0.07% of Murphy Oil worth $3,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Murphy Oil by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer's stock valued at $340,400,000 after purchasing an additional 262,256 shares in the last quarter. Earnest Partners LLC grew its holdings in shares of Murphy Oil by 7.7% in the first quarter. Earnest Partners LLC now owns 2,737,409 shares of the oil and gas producer's stock valued at $125,100,000 after purchasing an additional 195,906 shares in the last quarter. Bank of New York Mellon Corp increased its position in Murphy Oil by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 2,138,985 shares of the oil and gas producer's stock worth $88,212,000 after purchasing an additional 107,462 shares during the last quarter. International Assets Investment Management LLC raised its stake in Murphy Oil by 3,191.6% during 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 purchasing an additional 1,577,831 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Murphy Oil by 90.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,092,374 shares of the oil and gas producer's stock valued at $45,050,000 after purchasing an additional 518,904 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company's stock.

Murphy Oil Trading Up 2.5 %

NYSE:MUR traded up $0.79 on Monday, reaching $33.00. The stock had a trading volume of 1,541,748 shares, compared to its average volume of 1,664,161. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 10.65 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. Murphy Oil Co. has a 12-month low of $30.99 and a 12-month high of $49.14. The firm's fifty day moving average is $33.71 and its two-hundred day moving average is $37.82.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). The firm had revenue of $758.33 million for the quarter, compared to analysts' expectations of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The firm's revenue for the quarter was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. Equities analysts expect that Murphy Oil Co. will post 3.3 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, November 18th. Murphy Oil's payout ratio is currently 38.71%.

Analysts Set New Price Targets

MUR has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, October 7th. Truist Financial reduced their target price on Murphy Oil from $55.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. BMO Capital Markets lowered their target price 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. JPMorgan Chase & Co. reduced their price target on shares of Murphy Oil from $47.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Finally, Mizuho decreased their target price on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $40.92.

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.