California State Teachers Retirement System Has $6.72 Million Position in Murphy Oil Co. (NYSE:MUR)

California State Teachers Retirement System reduced its holdings in Murphy Oil Co. (NYSE:MURFree Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 157,556 shares of the oil and gas producer’s stock after selling 7,381 shares during the period. California State Teachers Retirement System owned 0.10% of Murphy Oil worth $6,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in shares of Murphy Oil in the fourth quarter valued at $29,000. Headinvest LLC bought a new position in Murphy Oil in the 3rd quarter valued at about $70,000. Principal Securities Inc. acquired a new stake in Murphy Oil during the fourth quarter worth approximately $151,000. GAMMA Investing LLC bought a new stake in shares of Murphy Oil during the fourth quarter worth approximately $163,000. Finally, Quadrant Capital Group LLC grew its position in shares of Murphy Oil by 18.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,938 shares of the oil and gas producer’s stock valued at $168,000 after purchasing an additional 618 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Murphy Oil

In related news, VP Maria A. Martinez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the sale, the vice president now owns 40,590 shares of the company’s stock, valued at $1,759,576.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.92% of the stock is owned by insiders.

Murphy Oil Stock Up 2.0 %

Shares of NYSE:MUR opened at $40.45 on Tuesday. Murphy Oil Co. has a 52-week low of $36.34 and a 52-week high of $49.14. The firm has a fifty day moving average of $44.53 and a 200 day moving average of $42.28. The firm has a market capitalization of $6.17 billion, a PE ratio of 11.27 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.93.

Murphy Oil (NYSE:MURGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.03. Murphy Oil had a net margin of 16.40% and a return on equity of 11.75%. The business had revenue of $794.80 million during the quarter, compared to analyst estimates of $750.94 million. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was down 5.4% on a year-over-year basis. As a group, research analysts anticipate that Murphy Oil Co. will post 4.27 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently declared 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. This represents a $1.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Friday, May 17th. Murphy Oil’s dividend payout ratio (DPR) is currently 33.43%.

Analyst Ratings Changes

MUR has been the topic of several research reports. Roth Mkm restated a “buy” rating on shares of Murphy Oil in a research note on Wednesday, March 20th. Truist Financial increased their target price on shares of Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Piper Sandler lifted their price target on shares of Murphy Oil from $49.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Murphy Oil from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Barclays assumed coverage on Murphy Oil in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price objective for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Murphy Oil presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

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Murphy Oil Profile

(Free Report)

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.

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

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