Murphy Oil Co. (NYSE:MUR) Shares Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. increased its stake in Murphy Oil Co. (NYSE:MUR) by 235.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,799 shares of the oil and gas producer’s stock after acquiring an additional 4,069 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Murphy Oil were worth $239,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MUR. Mather Group LLC. boosted its stake in shares of Murphy Oil by 1,015.7% in the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 518 shares during the last quarter. Rise Advisors LLC acquired a new stake in Murphy Oil during the 1st quarter worth $30,000. Headlands Technologies LLC grew its holdings in shares of Murphy Oil by 1,434.5% during the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 1,205 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Murphy Oil by 27.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after buying an additional 447 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Murphy Oil by 14.5% in the second quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock valued at $101,000 after buying an additional 310 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Price Performance

Shares of MUR opened at $34.52 on Wednesday. The company has a market cap of $5.27 billion, a P/E ratio of 9.62 and a beta of 2.21. Murphy Oil Co. has a fifty-two week low of $32.53 and a fifty-two week high of $49.14. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $36.75 and its 200 day moving average price is $40.94.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The business had revenue of $802.80 million for the quarter, compared to analysts’ expectations of $813.97 million. During the same period last year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts forecast that Murphy Oil Co. will post 3.57 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, August 19th. Murphy Oil’s dividend payout ratio is presently 33.43%.

Analyst Ratings Changes

Several brokerages recently issued reports on MUR. Piper Sandler dropped their price objective on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Scotiabank lowered Murphy Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Wolfe Research began coverage on Murphy Oil in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Barclays dropped their target price on Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Finally, Morgan Stanley cut their target price on 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. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.64.

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.