State of New Jersey Common Pension Fund D decreased its stake in shares of Murphy Oil (NYSE:MUR) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,800 shares of the oil and gas producer’s stock after selling 68,400 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Murphy Oil worth $2,295,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Pzena Investment Management LLC increased its position in Murphy Oil by 9.2% during the first quarter. Pzena Investment Management LLC now owns 10,601,453 shares of the oil and gas producer’s stock worth $273,942,000 after buying an additional 897,601 shares in the last quarter. Wedge Capital Management L L P NC increased its position in Murphy Oil by 5.0% during the first quarter. Wedge Capital Management L L P NC now owns 6,096,028 shares of the oil and gas producer’s stock worth $157,521,000 after buying an additional 287,732 shares in the last quarter. BancorpSouth Bank purchased a new position in Murphy Oil during the fourth quarter worth $130,904,000. Geode Capital Management LLC increased its position in Murphy Oil by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 1,475,358 shares of the oil and gas producer’s stock worth $45,809,000 after buying an additional 102,446 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in Murphy Oil by 331.7% during the first quarter. Prudential Financial Inc. now owns 1,401,279 shares of the oil and gas producer’s stock worth $36,209,000 after buying an additional 1,076,710 shares in the last quarter. 95.52% of the stock is owned by institutional investors.
Several research firms have weighed in on MUR. ValuEngine raised Murphy Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Murphy Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Societe Generale raised Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. UBS assumed coverage on Murphy Oil in a research report on Wednesday, March 7th. They set a “neutral” rating and a $28.00 price target for the company. Finally, Barclays raised their price objective on Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.58.
MUR stock opened at $31.63 on Thursday. Murphy Oil has a 52-week low of $22.21 and a 52-week high of $35.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.40 and a current ratio of 1.51. The firm has a market cap of $5.48 billion, a PE ratio of -243.31 and a beta of 2.30.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Murphy Oil had a positive return on equity of 0.58% and a negative net margin of 9.62%. The business had revenue of $585.61 million for the quarter, compared to analysts’ expectations of $575.76 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The business’s revenue was down 13.5% on a year-over-year basis. equities research analysts predict that Murphy Oil will post 1.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) is -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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