Klein Pavlis & Peasley Financial Inc. Takes $796,000 Position in Murphy Oil Co. (NYSE:MUR)

Klein Pavlis & Peasley Financial Inc. acquired a new stake in Murphy Oil Co. (NYSE:MUR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,582 shares of the oil and gas producer’s stock, valued at approximately $796,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC lifted its position in Murphy Oil by 14.5% during the second quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 310 shares during the period. State of Michigan Retirement System lifted its position in Murphy Oil by 1.1% during the first quarter. State of Michigan Retirement System now owns 35,647 shares of the oil and gas producer’s stock worth $1,629,000 after buying an additional 400 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Murphy Oil by 16.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer’s stock worth $129,000 after buying an additional 438 shares during the period. Mather Group LLC. lifted its position 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 worth $26,000 after buying an additional 518 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Murphy Oil by 1.1% during the second quarter. International Assets Investment Management LLC now owns 49,437 shares of the oil and gas producer’s stock worth $2,039,000 after buying an additional 537 shares during the period. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $32.78 on Monday. Murphy Oil Co. has a fifty-two week low of $32.06 and a fifty-two week high of $49.14. The business has a 50 day moving average price of $35.15 and a two-hundred day moving average price of $39.36. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The firm has a market cap of $5.00 billion, a PE ratio of 9.13 and a beta of 2.20.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The firm had revenue of $802.80 million during the quarter, compared to analyst estimates of $813.97 million. During the same quarter last year, the firm earned $0.79 EPS. Murphy Oil’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts expect that Murphy Oil Co. will post 3.48 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Monday, November 18th. Murphy Oil’s dividend payout ratio is presently 33.43%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MUR shares. Barclays dropped their price target on Murphy Oil from $46.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Piper Sandler dropped their price target on Murphy Oil from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company dropped their price target on Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, September 27th. JPMorgan Chase & Co. dropped their price target on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Finally, BMO Capital Markets dropped their price target on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.17.

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.