Swiss National Bank Boosts Holdings in Murphy Oil Co. (NYSE:MUR)

Swiss National Bank increased its position in Murphy Oil Co. (NYSE:MURFree Report) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,000 shares of the oil and gas producer’s stock after purchasing an additional 3,200 shares during the period. Swiss National Bank owned approximately 0.21% of Murphy Oil worth $14,784,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its position in Murphy Oil by 7,940.0% in the 3rd quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 794 shares during the last quarter. Belpointe Asset Management LLC raised its position in Murphy Oil by 68.2% in the 1st quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 365 shares during the last quarter. Money Concepts Capital Corp raised its position in Murphy Oil by 50.0% in the 4th quarter. Money Concepts Capital Corp now owns 1,800 shares of the oil and gas producer’s stock worth $77,000 after buying an additional 600 shares during the last quarter. Covestor Ltd raised its position in Murphy Oil by 291.7% in the 2nd quarter. Covestor Ltd now owns 1,892 shares of the oil and gas producer’s stock worth $72,000 after buying an additional 1,409 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Murphy Oil during the 1st quarter valued at about $97,000. Institutional investors own 79.30% of the company’s stock.

Murphy Oil Trading Down 0.8 %

MUR stock opened at $37.89 on Monday. Murphy Oil Co. has a 1-year low of $32.80 and a 1-year high of $48.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.82. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 8.98 and a beta of 2.22. The business has a 50 day simple moving average of $40.52 and a two-hundred day simple moving average of $43.14.

Murphy Oil (NYSE:MURGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.10). The business had revenue of $844.20 million during the quarter, compared to the consensus estimate of $852.24 million. Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. Research analysts anticipate that Murphy Oil Co. will post 4.36 EPS for the current fiscal year.

Murphy Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 16th. This is a boost from Murphy Oil’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.17%. Murphy Oil’s payout ratio is currently 26.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MUR shares. Piper Sandler reduced their price target on shares of Murphy Oil from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. UBS Group reduced their price target on shares of Murphy Oil from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. Truist Financial reaffirmed a “buy” rating and set a $57.00 price target on shares of Murphy Oil in a research report on Tuesday, November 28th. Finally, KeyCorp cut their price objective on Murphy Oil from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.90.

Get Our Latest Research Report on Murphy Oil

Murphy Oil Profile

(Free Report)

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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.

Further Reading

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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