9,130 Shares in Murphy Oil Co. (NYSE:MUR) Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new stake in shares of Murphy Oil Co. (NYSE:MUR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,130 shares of the oil and gas producer’s stock, valued at approximately $276,000.

Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in Murphy Oil in the third quarter worth about $1,217,000. Mutual of America Capital Management LLC raised its holdings in Murphy Oil by 21.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 218,739 shares of the oil and gas producer’s stock worth $9,021,000 after acquiring an additional 38,334 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Murphy Oil by 24.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 166,316 shares of the oil and gas producer’s stock valued at $6,859,000 after acquiring an additional 32,411 shares in the last quarter. Prospector Partners LLC boosted its stake in Murphy Oil by 50.5% during the 3rd quarter. Prospector Partners LLC now owns 307,092 shares of the oil and gas producer’s stock valued at $10,361,000 after purchasing an additional 103,092 shares during the last quarter. Finally, AXA S.A. increased its holdings in shares of Murphy Oil by 86.5% in the 2nd quarter. AXA S.A. now owns 132,710 shares of the oil and gas producer’s stock worth $5,473,000 after purchasing an additional 61,537 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Analyst Upgrades and Downgrades

MUR has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Morgan Stanley reduced their price target on shares of 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. UBS Group dropped their target price on shares of Murphy Oil from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. BMO Capital Markets decreased their target price on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, Barclays dropped their price target on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Murphy Oil presently has an average rating of “Hold” and an average price target of $39.58.

Murphy Oil Trading Up 2.9 %

Murphy Oil stock opened at $31.65 on Wednesday. Murphy Oil Co. has a 12-month low of $27.75 and a 12-month high of $49.14. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.21 and a beta of 2.17. The firm has a 50 day moving average of $31.20 and a 200 day moving average of $35.03. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR) 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 analysts’ consensus estimates of $0.76 by ($0.02). Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The firm had revenue of $758.33 million during the quarter, compared to analysts’ expectations of $759.74 million. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. As a group, research analysts predict that Murphy Oil Co. will post 3.15 earnings per share for the current year.

Murphy Oil 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.