Sei Investments Co. Reduces Holdings in Murphy Oil Co. (NYSE:MUR)

Sei Investments Co. cut its stake in Murphy Oil Co. (NYSE:MUR) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 382,556 shares of the oil and gas producer’s stock after selling 672 shares during the period. Sei Investments Co.’s holdings in Murphy Oil were worth $15,777,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Murphy Oil by 90.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,092,374 shares of the oil and gas producer’s stock valued at $45,050,000 after purchasing an additional 518,904 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in Murphy Oil in the fourth quarter valued at approximately $16,349,000. Dimensional Fund Advisors LP boosted its holdings in shares of Murphy Oil by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer’s stock valued at $340,400,000 after acquiring an additional 262,256 shares during the period. F M Investments LLC purchased a new position in shares of Murphy Oil during the second quarter worth approximately $10,182,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Murphy Oil by 23.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,132,305 shares of the oil and gas producer’s stock valued at $51,746,000 after acquiring an additional 212,100 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial decreased their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. JPMorgan Chase & Co. dropped their price target on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. UBS Group decreased their price objective on Murphy Oil from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Wells Fargo & Company dropped their target price on Murphy Oil from $47.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. Finally, Barclays cut their price target on Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.00.

Murphy Oil Trading Down 4.7 %

NYSE:MUR opened at $32.80 on Friday. Murphy Oil Co. has a 1 year low of $32.53 and a 1 year high of $49.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a fifty day moving average price of $37.05 and a two-hundred day moving average price of $41.09. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 9.14 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The business had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. As a group, sell-side analysts anticipate that Murphy Oil Co. will post 3.57 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Monday, August 19th. Murphy Oil’s dividend payout ratio (DPR) is 33.43%.

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.