Murphy Oil Co. (NYSE:MUR) Stake Raised by Barclays PLC

Barclays PLC grew its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 399.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,012,944 shares of the oil and gas producer’s stock after purchasing an additional 810,104 shares during the period. Barclays PLC owned approximately 0.69% of Murphy Oil worth $34,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MUR. CWM LLC grew its position in Murphy Oil by 28.0% in the second quarter. CWM LLC now owns 3,261 shares of the oil and gas producer’s stock worth $134,000 after buying an additional 714 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Murphy Oil by 37.7% during the 2nd quarter. SG Americas Securities LLC now owns 22,322 shares of the oil and gas producer’s stock worth $921,000 after acquiring an additional 6,110 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Murphy Oil by 19.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,269 shares of the oil and gas producer’s stock worth $259,000 after acquiring an additional 1,036 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Murphy Oil by 6.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,851 shares of the oil and gas producer’s stock worth $571,000 after purchasing an additional 815 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Murphy Oil by 5.5% during the second quarter. Raymond James & Associates now owns 121,742 shares of the oil and gas producer’s stock valued at $5,021,000 after purchasing an additional 6,341 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Price Performance

MUR opened at $30.29 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. Murphy Oil Co. has a 1 year low of $29.84 and a 1 year high of $49.14. The stock has a fifty day moving average price of $32.62 and a 200 day moving average price of $36.36. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 9.77 and a beta of 2.18.

Murphy Oil (NYSE:MUR) last announced 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). The firm had revenue of $758.33 million for the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Analysts forecast that Murphy Oil Co. will post 3.15 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 annualized dividend and a dividend yield of 3.96%. Murphy Oil’s dividend payout ratio (DPR) is 38.71%.

Wall Street Analysts Forecast Growth

MUR has been the topic of a number of analyst reports. BMO Capital Markets dropped their price target on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. KeyCorp dropped their target price on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. UBS Group reduced their price target on shares of Murphy Oil from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Truist Financial decreased their price objective on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Finally, Morgan Stanley cut their target price on shares of Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.25.

Murphy Oil 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.