Murphy Oil Co. (NYSE:MUR) Shares Purchased by Cwm LLC

Cwm LLC grew its stake in shares of Murphy Oil Co. (NYSE:MUR) by 14.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,547 shares of the oil and gas producer’s stock after purchasing an additional 313 shares during the quarter. Cwm LLC’s holdings in Murphy Oil were worth $116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new position in shares of Murphy Oil during the fourth quarter worth about $29,000. Headinvest LLC acquired a new position in shares of Murphy Oil during the third quarter worth about $70,000. Principal Securities Inc. acquired a new position in shares of Murphy Oil during the fourth quarter worth about $151,000. GAMMA Investing LLC acquired a new position in shares of Murphy Oil during the fourth quarter worth about $163,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Murphy Oil by 18.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,938 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 618 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com cut Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Scotiabank cut Murphy Oil from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the stock from $46.00 to $50.00 in a research note on Thursday, April 11th. Barclays assumed coverage on Murphy Oil in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price target on the stock. Mizuho boosted their price target on Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, KeyCorp boosted their price target on Murphy Oil from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Murphy Oil Stock Down 0.5 %

Shares of Murphy Oil stock opened at $39.51 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.03 billion, a P/E ratio of 11.01 and a beta of 2.21. Murphy Oil Co. has a fifty-two week low of $36.34 and a fifty-two week high of $49.14. The business has a 50-day moving average price of $42.85 and a 200 day moving average price of $42.07.

Murphy Oil (NYSE:MUR) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $794.80 million during the quarter, compared to analyst estimates of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 earnings per share. On average, sell-side analysts forecast that Murphy Oil Co. will post 4.22 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, May 17th. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

About Murphy Oil

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.