Murphy Oil Co. (NYSE:MUR) Stock Position Raised by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 208.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,856 shares of the oil and gas producer's stock after purchasing an additional 24,221 shares during the quarter. XTX Topco Ltd's holdings in Murphy Oil were worth $1,210,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd grew its stake in shares of Murphy Oil by 266.8% in the third quarter. Covestor Ltd now owns 741 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 539 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Murphy Oil in the third quarter worth $27,000. Compass Wealth Management LLC bought a new position in shares of Murphy Oil in the third quarter worth $42,000. Bruce G. Allen Investments LLC grew its stake 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 worth $50,000 after purchasing an additional 758 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Murphy Oil by 1,434.5% in the second 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 in the last quarter. Institutional investors own 78.31% of the company's stock.

Analysts Set New Price Targets

MUR has been the subject of several recent analyst reports. Scotiabank decreased their price target on Murphy Oil from $47.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their target price on Murphy Oil from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Monday, October 7th. Barclays decreased their target price on Murphy Oil from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Morgan Stanley decreased their target price on Murphy Oil from $43.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. decreased their target price on Murphy Oil from $47.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, September 12th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.25.

Murphy Oil Trading Down 0.9 %

Shares of NYSE:MUR traded down $0.27 during midday trading on Tuesday, reaching $30.27. The company had a trading volume of 1,988,579 shares, compared to its average volume of 1,655,855. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. Murphy Oil Co. has a 1-year low of $29.84 and a 1-year high of $49.14. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 9.76 and a beta of 2.18. The company has a fifty day simple moving average of $32.92 and a two-hundred day simple moving average of $36.53.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings data 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 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 was down 21.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. Research analysts predict that Murphy Oil Co. will post 3.15 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.96%. The ex-dividend date was Monday, November 18th. Murphy Oil's dividend payout ratio is currently 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.