GAMMA Investing LLC Has $2.51 Million Stock Holdings in Murphy Oil Co. (NYSE:MUR)

GAMMA Investing LLC raised its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 6,900.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 88,210 shares of the oil and gas producer’s stock after acquiring an additional 86,950 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Murphy Oil worth $2,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its position in shares of Murphy Oil by 342.8% during the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 641 shares during the last quarter. GeoWealth Management LLC bought a new stake in shares of Murphy Oil during the 4th quarter valued at $39,000. Lindbrook Capital LLC raised its position in shares of Murphy Oil by 60.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock valued at $44,000 after acquiring an additional 543 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Murphy Oil by 177.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer’s stock valued at $49,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Murphy Oil by 32.9% in the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer’s stock valued at $58,000 after buying an additional 471 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Trading Up 0.4%

Shares of NYSE:MUR opened at $24.42 on Friday. Murphy Oil Co. has a 52-week low of $18.95 and a 52-week high of $43.02. The company has a market capitalization of $3.49 billion, a P/E ratio of 9.08 and a beta of 1.09. The company has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $26.26. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. Murphy Oil’s revenue was down 15.4% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Sell-side analysts forecast that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.30 annualized dividend and a yield of 5.32%. Murphy Oil’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Mizuho cut Murphy Oil from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $32.00 to $31.00 in a report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on Murphy Oil from $31.00 to $26.00 and set an “equal weight” rating for the company in a report on Wednesday, May 14th. UBS Group lowered their target price on Murphy Oil from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Barclays lowered their target price on Murphy Oil from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Friday, May 9th. Finally, Piper Sandler lowered their target price on Murphy Oil from $35.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Murphy Oil currently has an average rating of “Hold” and an average price target of $29.23.

About Murphy Oil

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.