Two Sigma Advisers LP decreased its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 40.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,400 shares of the oil and gas producer's stock after selling 227,800 shares during the quarter. Two Sigma Advisers LP owned 0.23% of Murphy Oil worth $11,451,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Covestor Ltd increased its position in Murphy Oil by 266.8% during the 3rd 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 stake in shares of Murphy Oil during the third quarter worth $27,000. Compass Wealth Management LLC acquired a new position in shares of Murphy Oil during the third quarter worth $42,000. Bruce G. Allen Investments LLC lifted its stake in shares of Murphy Oil by 106.5% in 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 acquiring an additional 758 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of 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 valued at $53,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors own 78.31% of the company's stock.
A number of brokerages have issued reports on MUR. Wells Fargo & Company lowered their target price on Murphy Oil from $39.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday. Piper Sandler dropped their price objective on shares of Murphy Oil from $43.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, November 18th. KeyCorp reduced their target price on shares of Murphy Oil from $54.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Scotiabank dropped their price target on shares of 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. Finally, Morgan Stanley reduced their price objective on shares of Murphy Oil from $43.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, September 16th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Murphy Oil has a consensus rating of "Hold" and an average target price of $40.58.
View Our Latest Analysis on Murphy Oil
NYSE MUR opened at $30.56 on Tuesday. The stock has a market capitalization of $4.46 billion, a P/E ratio of 9.86 and a beta of 2.18. The business has a 50 day simple moving average of $33.00 and a 200 day simple moving average of $36.61. 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 one year low of $29.84 and a one year high of $49.14.
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 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 for the quarter, compared to analyst estimates of $759.74 million. During the same period last year, the business earned $1.59 EPS. The business's quarterly revenue was down 21.0% compared to the same quarter last year. Research analysts expect that Murphy Oil Co. will post 3.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Monday, November 18th. Murphy Oil's dividend payout ratio (DPR) is currently 38.71%.
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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