First Trust Advisors LP raised its position in Murphy Oil Co. (NYSE:MUR) by 0.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 470,333 shares of the oil and gas producer’s stock after acquiring an additional 3,151 shares during the period. First Trust Advisors LP owned about 0.27% of Murphy Oil worth $15,681,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its stake in Murphy Oil by 11.4% in the 2nd quarter. Advisory Services Network LLC now owns 16,553 shares of the oil and gas producer’s stock valued at $546,000 after acquiring an additional 1,694 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Murphy Oil by 29.3% during the 3rd quarter. GHP Investment Advisors Inc. now owns 8,294 shares of the oil and gas producer’s stock worth $277,000 after purchasing an additional 1,879 shares in the last quarter. Strs Ohio raised its stake in shares of Murphy Oil by 24.1% during the 3rd quarter. Strs Ohio now owns 10,897 shares of the oil and gas producer’s stock worth $363,000 after purchasing an additional 2,116 shares in the last quarter. Aperio Group LLC raised its stake in shares of Murphy Oil by 2.0% during the 3rd quarter. Aperio Group LLC now owns 132,198 shares of the oil and gas producer’s stock worth $4,407,000 after purchasing an additional 2,627 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its stake in shares of Murphy Oil by 25.2% during the 2nd quarter. Fox Run Management L.L.C. now owns 13,597 shares of the oil and gas producer’s stock worth $459,000 after purchasing an additional 2,734 shares in the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.
MUR stock opened at $30.99 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The company has a market cap of $5.40 billion, a P/E ratio of -238.38 and a beta of 2.11. Murphy Oil Co. has a 1-year low of $24.39 and a 1-year high of $36.53.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $674.80 million for the quarter, compared to analyst estimates of $633.20 million. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. The firm’s revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) earnings per share. Equities analysts forecast that Murphy Oil Co. will post 1.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, November 8th. Murphy Oil’s payout ratio is presently -769.23%.
A number of equities research analysts have recently issued reports on the company. Credit Suisse Group upped their price objective on Murphy Oil from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 11th. Zacks Investment Research cut Murphy Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Wells Fargo & Co dropped their price objective on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, August 10th. Morgan Stanley dropped their price objective on Murphy Oil from $26.00 to $24.00 and set a “sell” rating on the stock in a research note on Thursday, August 16th. Finally, Mizuho upgraded Murphy Oil from an “underperform” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $36.00.
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About Murphy Oil
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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