Atria Investments Inc Sells 3,954 Shares of Murphy Oil Co. (NYSE:MUR)

Atria Investments Inc lessened its position in Murphy Oil Co. (NYSE:MUR) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,778 shares of the oil and gas producer’s stock after selling 3,954 shares during the period. Atria Investments Inc’s holdings in Murphy Oil were worth $1,241,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MUR. International Assets Investment Management LLC increased its stake in Murphy Oil by 3,191.6% in 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. Wedge Capital Management L L P NC increased its position in shares of Murphy Oil by 641.7% during the third quarter. Wedge Capital Management L L P NC now owns 672,717 shares of the oil and gas producer’s stock worth $22,697,000 after acquiring an additional 582,020 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Murphy Oil by 90.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,092,374 shares of the oil and gas producer’s stock worth $45,050,000 after acquiring an additional 518,904 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Murphy Oil by 92.1% during the second quarter. Squarepoint Ops LLC now owns 687,254 shares of the oil and gas producer’s stock worth $28,342,000 after acquiring an additional 329,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased 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 worth $340,400,000 after acquiring an additional 262,256 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Performance

Shares of MUR stock opened at $32.50 on Friday. The stock has a market cap of $4.74 billion, a P/E ratio of 10.48 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. The company has a fifty day moving average price of $33.74 and a two-hundred day moving average price of $37.94. Murphy Oil Co. has a one year low of $30.99 and a one year high of $49.14.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The business’s revenue was down 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 EPS. As a group, equities analysts predict that Murphy Oil Co. will post 3.33 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, November 18th. Murphy Oil’s dividend payout ratio is currently 38.71%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MUR. Wells Fargo & Company lowered their price objective on shares of Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Piper Sandler lowered their price objective on shares of Murphy Oil from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley lowered their price objective on shares of Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Truist Financial lowered their price objective on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Mizuho decreased their target price on shares of 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.08.

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.