5,583 Shares in Murphy Oil Co. (NYSE:MUR) Purchased by Abel Hall LLC

Abel Hall LLC acquired a new position in Murphy Oil Co. (NYSE:MUR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,583 shares of the oil and gas producer’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUR. Vanguard Group Inc. grew its position in shares of Murphy Oil by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 16,816,692 shares of the oil and gas producer’s stock worth $762,637,000 after buying an additional 137,059 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Murphy Oil by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock worth $335,397,000 after buying an additional 207,547 shares during the period. Earnest Partners LLC grew its position in shares of Murphy Oil by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,566,887 shares of the oil and gas producer’s stock worth $116,408,000 after buying an additional 121,795 shares during the period. International Assets Investment Management LLC grew its position in shares of Murphy Oil by 3,904.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,090,904 shares of the oil and gas producer’s stock worth $89,198,000 after buying an additional 2,038,692 shares during the period. Finally, Invesco Ltd. grew its position in shares of Murphy Oil by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,946,095 shares of the oil and gas producer’s stock worth $88,255,000 after buying an additional 99,427 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Stock Down 1.7 %

Shares of Murphy Oil stock traded down $0.65 on Friday, reaching $38.30. 1,398,487 shares of the company were exchanged, compared to its average volume of 1,361,762. Murphy Oil Co. has a one year low of $36.34 and a one year high of $49.14. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 10.67 and a beta of 2.21. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $43.72 and a 200 day moving average of $42.18.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $794.80 million for the quarter, compared to analysts’ expectations of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 EPS. On average, equities research analysts forecast that Murphy Oil Co. will post 4.26 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 3.13%. Murphy Oil’s dividend payout ratio is currently 33.43%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MUR. Piper Sandler lifted their price objective on Murphy Oil from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Mizuho lifted their price objective on Murphy Oil from $55.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 13th. Truist Financial lifted their price objective on Murphy Oil from $58.00 to $59.00 and gave the company a “buy” rating in a report on Friday, April 5th. KeyCorp lifted their price objective on Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Murphy Oil from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Murphy Oil presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

About Murphy Oil

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.