Cwm LLC Buys 3,005 Shares of Murphy Oil Co. (NYSE:MUR)

Cwm LLC lifted its holdings in Murphy Oil Co. (NYSE:MUR) by 92.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,266 shares of the oil and gas producer’s stock after buying an additional 3,005 shares during the quarter. Cwm LLC’s holdings in Murphy Oil were worth $211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its stake in 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 in the last quarter. State of Michigan Retirement System raised its stake in shares of Murphy Oil by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 35,647 shares of the oil and gas producer’s stock worth $1,629,000 after purchasing an additional 400 shares in the last quarter. Monument Capital Management bought a new stake in shares of Murphy Oil during the 1st quarter worth approximately $202,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Murphy Oil by 27.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after acquiring an additional 447 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Murphy Oil by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,706 shares of the oil and gas producer’s stock worth $25,167,000 after acquiring an additional 2,389 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Trading Up 0.3 %

NYSE MUR opened at $33.21 on Wednesday. The business has a 50 day simple moving average of $35.43 and a 200 day simple moving average of $39.68. Murphy Oil Co. has a one year low of $32.53 and a one year high of $49.14. The stock has a market capitalization of $5.07 billion, a P/E ratio of 9.25 and a beta of 2.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76.

Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $813.97 million. During the same quarter last year, the firm posted $0.79 earnings per share. The firm’s revenue was down 1.4% on a year-over-year basis. Research analysts expect that Murphy Oil Co. will post 3.47 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 3.61%. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

Analyst Upgrades and Downgrades

MUR has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, September 27th. Morgan Stanley reduced their target price on Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. BMO Capital Markets dropped their price objective on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Piper Sandler dropped their price objective on Murphy Oil from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. dropped their target price on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.17.

Murphy Oil Company 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.