DRW Securities LLC Sells 6,000 Shares of Murphy Oil Co. (NYSE:MUR)

DRW Securities LLC lowered its stake in Murphy Oil Co. (NYSE:MUR) by 12.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,000 shares of the oil and gas producer’s stock after selling 6,000 shares during the quarter. DRW Securities LLC’s holdings in Murphy Oil were worth $1,807,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Duality Advisers LP raised its holdings in Murphy Oil by 364.6% during the 1st quarter. Duality Advisers LP now owns 113,451 shares of the oil and gas producer’s stock valued at $5,185,000 after buying an additional 89,032 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Murphy Oil by 138.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,702 shares of the oil and gas producer’s stock worth $1,357,000 after purchasing an additional 17,265 shares during the period. Invenomic Capital Management LP purchased a new stake in shares of Murphy Oil during the fourth quarter worth about $16,349,000. Innealta Capital LLC bought a new stake in shares of Murphy Oil in the fourth quarter worth about $298,000. Finally, QRG Capital Management Inc. increased its holdings in Murphy Oil by 4.0% during the 1st quarter. QRG Capital Management Inc. now owns 15,642 shares of the oil and gas producer’s stock valued at $715,000 after purchasing an additional 599 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MUR shares. Morgan Stanley cut their price objective on Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Barclays reduced their price objective on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Piper Sandler dropped their target price on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Wolfe Research began coverage on shares of Murphy Oil in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company decreased their price target on shares of Murphy Oil from $47.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Murphy Oil Price Performance

Shares of MUR opened at $35.62 on Friday. Murphy Oil Co. has a fifty-two week low of $33.15 and a fifty-two week high of $49.14. The firm’s 50-day simple moving average is $37.64 and its two-hundred day simple moving average is $41.26. The stock has a market cap of $5.43 billion, a PE ratio of 9.92 and a beta of 2.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $802.80 million for 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 firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 EPS. Analysts anticipate that Murphy Oil Co. will post 3.99 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.37%. Murphy Oil’s payout ratio is presently 33.43%.

About Murphy Oil

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.