SIR Capital Management L.P. lessened its position in Murphy Oil Corporation (NYSE:MUR – Free Report) by 92.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,015 shares of the oil and gas producer’s stock after selling 1,005,485 shares during the period. SIR Capital Management L.P.’s holdings in Murphy Oil were worth $2,563,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Murphy Oil by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,933,059 shares of the oil and gas producer’s stock worth $247,912,000 after purchasing an additional 231,253 shares in the last quarter. American Century Companies Inc. increased its holdings in Murphy Oil by 21.8% in the 3rd quarter. American Century Companies Inc. now owns 3,736,815 shares of the oil and gas producer’s stock worth $106,163,000 after purchasing an additional 668,525 shares in the last quarter. AQR Capital Management LLC increased its holdings in Murphy Oil by 8.3% in the 3rd quarter. AQR Capital Management LLC now owns 2,656,394 shares of the oil and gas producer’s stock worth $75,468,000 after purchasing an additional 204,349 shares in the last quarter. Bank of America Corp DE increased its holdings in Murphy Oil by 33.3% in the 3rd quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after purchasing an additional 514,127 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Murphy Oil by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,030,794 shares of the oil and gas producer’s stock worth $57,695,000 after purchasing an additional 18,717 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Wall Street Zen raised Murphy Oil from a “hold” rating to a “buy” rating in a report on Saturday. Piper Sandler raised Murphy Oil from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $33.00 to $41.00 in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy Oil in a report on Friday, March 27th. Jefferies Financial Group cut Murphy Oil from a “buy” rating to an “underperform” rating in a report on Thursday, June 4th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Murphy Oil in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.75.
Murphy Oil Stock Performance
NYSE MUR opened at $38.77 on Friday. The company has a market cap of $5.56 billion, a P/E ratio of 65.71 and a beta of 0.50. The company has a fifty day simple moving average of $38.92 and a 200 day simple moving average of $35.27. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. Murphy Oil Corporation has a 12-month low of $21.86 and a 12-month high of $43.34.
Murphy Oil (NYSE:MUR – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The firm had revenue of $732.35 million for the quarter, compared to the consensus estimate of $702.96 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. Sell-side analysts predict that Murphy Oil Corporation will post 3.48 earnings per share for the current fiscal year.
Murphy Oil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, May 18th. Murphy Oil’s dividend payout ratio is currently 237.29%.
About Murphy Oil
Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.
Murphy Oil’s exploration and production activities are geographically diversified.
Featured Articles
- Five stocks we like better than Murphy Oil
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Corporation (NYSE:MUR – Free Report).
Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.
