Murphy Oil Co. (NYSE:MUR) Shares Sold by Petrus Trust Company LTA

Petrus Trust Company LTA cut its stake in Murphy Oil Co. (NYSE:MUR) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,608 shares of the oil and gas producer’s stock after selling 5,168 shares during the period. Petrus Trust Company LTA’s holdings in Murphy Oil were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Covestor Ltd raised its position in Murphy Oil by 266.8% in the third quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 539 shares during the period. Mather Group LLC. raised its stake in Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 518 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Murphy Oil during the third quarter valued at $27,000. Compass Wealth Management LLC acquired a new position in Murphy Oil in the third quarter valued at approximately $42,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Murphy Oil by 106.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MUR shares. Piper Sandler cut their price target on Murphy Oil from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, November 18th. Truist Financial reduced their price objective on Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, September 30th. BMO Capital Markets lowered their price objective on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Scotiabank dropped their price objective on shares of Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, KeyCorp dropped their price objective on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.92.

Murphy Oil Stock Down 0.1 %

Murphy Oil stock opened at $32.32 on Wednesday. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.43 and a beta of 2.18. Murphy Oil Co. has a fifty-two week low of $30.99 and a fifty-two week high of $49.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. The company’s 50 day simple moving average is $33.22 and its 200 day simple moving average is $36.94.

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 (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. During the same period in the prior year, the business earned $1.59 EPS. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Murphy Oil Co. will post 3.15 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $0.30 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. Murphy Oil’s dividend payout ratio is presently 38.71%.

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.