Murphy Oil Co. (NYSE:MUR) Stock Holdings Decreased by Swiss National Bank

Swiss National Bank decreased its stake in shares of Murphy Oil Co. (NYSE:MUR) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 282,900 shares of the oil and gas producer’s stock after selling 2,200 shares during the period. Swiss National Bank’s holdings in Murphy Oil were worth $9,545,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MUR. International Assets Investment Management LLC grew its position in shares of Murphy Oil by 3,191.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,627,268 shares of the oil and gas producer’s stock worth $54,904,000 after acquiring an additional 1,577,831 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in Murphy Oil by 641.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 672,717 shares of the oil and gas producer’s stock valued at $22,697,000 after purchasing an additional 582,020 shares during the period. Assenagon Asset Management S.A. grew 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 during the last quarter. Squarepoint Ops LLC lifted its position in Murphy Oil by 92.1% in the 2nd quarter. Squarepoint Ops LLC now owns 687,254 shares of the oil and gas producer’s stock valued at $28,342,000 after purchasing an additional 329,521 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Murphy Oil by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer’s stock worth $340,400,000 after purchasing an additional 262,256 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil Stock Performance

MUR opened at $33.40 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24. The firm has a market cap of $4.87 billion, a PE ratio of 10.77 and a beta of 2.21. The business has a fifty day simple moving average of $33.63 and a 200-day simple moving average of $37.50. Murphy Oil Co. has a fifty-two week low of $30.99 and a fifty-two week high of $49.14.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. During the same quarter last year, the business earned $1.59 EPS. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, equities analysts predict that Murphy Oil Co. will post 3.23 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 3.59%. Murphy Oil’s dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

MUR has been the topic of several analyst reports. UBS Group lowered their target price on Murphy Oil from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Mizuho lowered their price target on Murphy Oil from $59.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. BMO Capital Markets reduced their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Piper Sandler lowered their target price on shares of Murphy Oil from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Finally, The Goldman Sachs Group reduced their price target on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.92.

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.