GAMMA Investing LLC Sells 2,588 Shares of Murphy Oil Co. (NYSE:MUR)

GAMMA Investing LLC lessened its stake in shares of Murphy Oil Co. (NYSE:MUR) by 67.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,260 shares of the oil and gas producer’s stock after selling 2,588 shares during the period. GAMMA Investing LLC’s holdings in Murphy Oil were worth $38,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. 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 valued at $53,000 after buying an additional 1,205 shares during the last quarter. American Century Companies Inc. lifted its position in Murphy Oil by 3.3% in the 2nd quarter. American Century Companies Inc. now owns 845,282 shares of the oil and gas producer’s stock valued at $34,859,000 after acquiring an additional 27,106 shares in the last quarter. Federated Hermes Inc. boosted its stake in Murphy Oil by 385.5% during the 2nd quarter. Federated Hermes Inc. now owns 81,018 shares of the oil and gas producer’s stock valued at $3,341,000 after purchasing an additional 64,329 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Murphy Oil by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 308,868 shares of the oil and gas producer’s stock worth $12,738,000 after purchasing an additional 9,097 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $340,400,000 after purchasing an additional 262,256 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Stock Up 0.3 %

Murphy Oil stock opened at $33.93 on Wednesday. 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 50 day moving average price of $31.34 and a 200-day moving average price of $34.81. Murphy Oil Co. has a twelve month low of $27.75 and a twelve month high of $49.14. The company has a market capitalization of $4.95 billion, a P/E ratio of 10.95 and a beta of 2.17.

Murphy Oil (NYSE:MUR) last issued its earnings results 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). The business had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The company’s revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. As a group, equities analysts predict that Murphy Oil Co. will post 3.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on MUR shares. KeyCorp cut their target price on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Wells Fargo & Company cut their price objective on shares of Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Truist Financial increased their target price on shares of Murphy Oil from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday. Piper Sandler dropped their price target on shares of Murphy Oil from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Scotiabank reduced their price objective on shares of Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Murphy Oil has an average rating of “Hold” and a consensus price target of $39.58.

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.