Dynamic Technology Lab Private Ltd raised its holdings in Murphy Oil Co. (NYSE:MUR) by 89.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,398 shares of the oil and gas producer’s stock after buying an additional 37,973 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Murphy Oil were worth $2,078,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of MUR. Penserra Capital Management LLC purchased a new stake in Murphy Oil in the 1st quarter valued at about $124,000. Jump Trading LLC purchased a new stake in Murphy Oil in the 1st quarter valued at about $200,000. Symphony Asset Management LLC purchased a new stake in Murphy Oil in the 1st quarter valued at about $215,000. Advisor Group Inc. grew its holdings in Murphy Oil by 50.5% in the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 2,351 shares during the period. Finally, Sei Investments Co. grew its holdings in Murphy Oil by 98.2% in the 1st quarter. Sei Investments Co. now owns 8,877 shares of the oil and gas producer’s stock valued at $229,000 after buying an additional 4,398 shares during the period. Institutional investors own 95.34% of the company’s stock.
Several analysts have commented on MUR shares. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, April 11th. ValuEngine raised Murphy Oil from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Societe Generale raised Murphy Oil from a “hold” rating to a “buy” rating in a research note on Thursday, March 29th. Finally, UBS Group assumed coverage on Murphy Oil in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.56.
NYSE MUR opened at $34.16 on Friday. The stock has a market capitalization of $5.90 billion, a PE ratio of -262.77 and a beta of 2.30. Murphy Oil Co. has a 1-year low of $22.21 and a 1-year high of $35.43. The company has a current ratio of 1.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.62.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $585.61 million for the quarter, compared to analyst estimates of $575.76 million. Murphy Oil had a positive return on equity of 0.58% and a negative net margin of 9.62%. The company’s revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) EPS. sell-side analysts expect that Murphy Oil Co. will post 1.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Friday, May 11th. Murphy Oil’s dividend payout ratio is currently -769.23%.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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