Murphy Oil Co. (NYSE:MUR) Shares Bought by South Dakota Investment Council

South Dakota Investment Council grew its holdings in Murphy Oil Co. (NYSE:MURFree Report) by 17.3% during the 3rd quarter, Holdings Channel reports. The firm owned 96,703 shares of the oil and gas producer’s stock after buying an additional 14,253 shares during the period. South Dakota Investment Council’s holdings in Murphy Oil were worth $4,385,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BlackRock Inc. raised its position in shares of Murphy Oil by 9.6% in the second quarter. BlackRock Inc. now owns 20,022,597 shares of the oil and gas producer’s stock valued at $766,865,000 after buying an additional 1,758,945 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Murphy Oil during the fourth quarter worth about $43,711,000. Ameriprise Financial Inc. boosted its stake in Murphy Oil by 327.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,137,590 shares of the oil and gas producer’s stock worth $42,068,000 after buying an additional 871,738 shares during the last quarter. Earnest Partners LLC grew its holdings in Murphy Oil by 54.9% in the 2nd quarter. Earnest Partners LLC now owns 2,445,092 shares of the oil and gas producer’s stock valued at $93,647,000 after buying an additional 866,665 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Murphy Oil by 126.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,468,759 shares of the oil and gas producer’s stock valued at $56,253,000 after acquiring an additional 820,403 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MUR has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Murphy Oil from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday. Piper Sandler lowered their price target on Murphy Oil from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Tuesday. KeyCorp dropped their price target on Murphy Oil from $53.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, January 11th. Evercore ISI lifted their price objective on Murphy Oil from $39.00 to $41.00 in a research note on Thursday, October 12th. Finally, StockNews.com began coverage on shares of Murphy Oil in a research report on Thursday, October 5th. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.90.

Check Out Our Latest Research Report on Murphy Oil

Murphy Oil Stock Performance

Murphy Oil stock opened at $39.84 on Wednesday. The firm has a market capitalization of $6.15 billion, a PE ratio of 9.44 and a beta of 2.22. Murphy Oil Co. has a one year low of $32.80 and a one year high of $48.47. The stock’s 50 day moving average price is $41.27 and its 200 day moving average price is $43.31. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.89.

Murphy Oil (NYSE:MURGet Free Report) last posted its earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The firm had revenue of $844.20 million for the quarter, compared to analyst estimates of $852.24 million. Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. As a group, sell-side analysts expect that Murphy Oil Co. will post 4.56 EPS for the current fiscal year.

Murphy Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Tuesday, February 20th will be given a $0.30 dividend. This is a boost from Murphy Oil’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, February 16th. Murphy Oil’s dividend payout ratio is presently 26.07%.

Murphy Oil Profile

(Free Report)

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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.

See Also

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

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