Captrust Financial Advisors Boosts Stake in Murphy Oil Co. (NYSE:MUR)

Captrust Financial Advisors boosted its stake in Murphy Oil Co. (NYSE:MURFree Report) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,838 shares of the oil and gas producer’s stock after purchasing an additional 805 shares during the period. Captrust Financial Advisors’ holdings in Murphy Oil were worth $570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. boosted its position in shares of Murphy Oil by 91.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,751,737 shares of the oil and gas producer’s stock worth $53,008,000 after buying an additional 837,282 shares during the period. Ameriprise Financial Inc. boosted its holdings in Murphy Oil by 61.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,147,590 shares of the oil and gas producer’s stock valued at $64,986,000 after acquiring an additional 821,427 shares during the period. Barclays PLC boosted its holdings in Murphy Oil by 399.4% during the 3rd quarter. Barclays PLC now owns 1,012,944 shares of the oil and gas producer’s stock valued at $34,177,000 after acquiring an additional 810,104 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Murphy Oil by 108.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,529,528 shares of the oil and gas producer’s stock valued at $46,284,000 after acquiring an additional 794,730 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Murphy Oil by 886,485.1% during the fourth quarter. Bessemer Group Inc. now owns 594,012 shares of the oil and gas producer’s stock worth $17,976,000 after purchasing an additional 593,945 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MUR shares. Wells Fargo & Company lowered their price objective on shares of Murphy Oil from $31.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 14th. Truist Financial cut shares of Murphy Oil from a “buy” rating to a “hold” rating and decreased their price target for the company from $42.00 to $31.00 in a research report on Friday, January 31st. KeyCorp restated a “sector weight” rating on shares of Murphy Oil in a research note on Monday, April 21st. Piper Sandler reduced their price objective on Murphy Oil from $35.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. Finally, Morgan Stanley set a $27.00 target price on Murphy Oil and gave the company an “underweight” rating in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Murphy Oil presently has an average rating of “Hold” and an average price target of $29.31.

Check Out Our Latest Analysis on Murphy Oil

Murphy Oil Stock Performance

NYSE:MUR opened at $22.06 on Monday. Murphy Oil Co. has a 12 month low of $18.95 and a 12 month high of $43.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. The firm has a market capitalization of $3.15 billion, a PE ratio of 8.20 and a beta of 1.10. The business’s fifty day moving average price is $23.32 and its 200 day moving average price is $27.60.

Murphy Oil (NYSE:MURGet Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The company had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. During the same period in the previous year, the business earned $0.85 EPS. Murphy Oil’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, sell-side analysts anticipate that Murphy Oil Co. will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Friday, May 16th. Murphy Oil’s payout ratio is 50.00%.

About Murphy Oil

(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.

Further Reading

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

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