Yousif Capital Management LLC Lowers Stake in Murphy Oil Co. (NYSE:MUR)

Yousif Capital Management LLC cut its stake in Murphy Oil Co. (NYSE:MUR) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,295 shares of the oil and gas producer’s stock after selling 734 shares during the quarter. Yousif Capital Management LLC’s holdings in Murphy Oil were worth $1,428,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Harbor Capital Advisors Inc. increased its holdings in shares of Murphy Oil by 438.6% during the 1st quarter. Harbor Capital Advisors Inc. now owns 135,015 shares of the oil and gas producer’s stock worth $3,834,000 after buying an additional 109,946 shares during the last quarter. Impact Capital Partners LLC purchased a new stake in Murphy Oil in the first quarter valued at $372,000. Riverview Trust Co purchased a new stake in shares of Murphy Oil in the first quarter valued at about $26,000. Rhumbline Advisers raised its holdings in shares of Murphy Oil by 1.7% in the first quarter. Rhumbline Advisers now owns 480,516 shares of the oil and gas producer’s stock valued at $13,647,000 after buying an additional 7,837 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Murphy Oil by 6,900.8% during the first quarter. GAMMA Investing LLC now owns 88,210 shares of the oil and gas producer’s stock worth $2,505,000 after acquiring an additional 86,950 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Analyst Upgrades and Downgrades

MUR has been the topic of several recent analyst reports. Scotiabank lowered their target price on shares of Murphy Oil from $36.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Piper Sandler cut their price target on shares of Murphy Oil from $35.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of Murphy Oil from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Johnson Rice lowered shares of Murphy Oil from an “accumulate” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Mizuho lowered shares of Murphy Oil from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $31.00 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.23.

Murphy Oil Trading Down 1.6%

Murphy Oil stock opened at $25.03 on Tuesday. The company has a market cap of $3.57 billion, a P/E ratio of 9.31 and a beta of 1.09. The firm’s 50-day moving average is $21.77 and its 200-day moving average is $26.07. Murphy Oil Co. has a 1 year low of $18.95 and a 1 year high of $43.02. 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 quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The firm had revenue of $665.71 million for the quarter, compared to the consensus estimate of $684.89 million. During the same period last year, the firm posted $0.85 EPS. Murphy Oil’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, equities analysts expect that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The business also recently declared 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 was Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.19%. Murphy Oil’s dividend payout ratio (DPR) is 50.00%.

Murphy Oil Company 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.