Monument Capital Management Buys New Stake in Murphy Oil Co. (NYSE:MUR)

Monument Capital Management bought a new stake in shares of Murphy Oil Co. (NYSE:MUR) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,425 shares of the oil and gas producer’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Murphy Oil by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock valued at $335,397,000 after acquiring an additional 207,547 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Murphy Oil by 11.9% during the 4th quarter. Natixis Advisors L.P. now owns 164,568 shares of the oil and gas producer’s stock valued at $7,020,000 after acquiring an additional 17,556 shares in the last quarter. DRW Securities LLC lifted its holdings in shares of Murphy Oil by 280.0% during the 4th quarter. DRW Securities LLC now owns 72,200 shares of the oil and gas producer’s stock valued at $3,080,000 after acquiring an additional 53,201 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of Murphy Oil during the 4th quarter valued at $16,349,000. Finally, Innealta Capital LLC acquired a new position in shares of Murphy Oil during the 4th quarter valued at $298,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $41.26 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Murphy Oil Co. has a fifty-two week low of $36.34 and a fifty-two week high of $49.14. The firm has a 50-day simple moving average of $42.08 and a 200 day simple moving average of $42.05. The company has a market cap of $6.30 billion, a PE ratio of 11.49 and a beta of 2.25.

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, topping the consensus estimate of $0.82 by $0.03. Murphy Oil had a net margin of 16.40% and a return on equity of 11.75%. The firm had revenue of $794.80 million during the quarter, compared to analysts’ expectations of $750.94 million. During the same quarter in the prior year, the firm earned $1.24 EPS. Murphy Oil’s quarterly revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts anticipate that Murphy Oil Co. will post 4.23 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on MUR. Mizuho lifted their target price on shares of Murphy Oil from $55.00 to $59.00 and gave the company a “buy” rating in a report on Monday, May 13th. JPMorgan Chase & Co. boosted their price objective on shares of Murphy Oil from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Piper Sandler boosted their price objective on shares of Murphy Oil from $49.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Barclays started coverage on shares of Murphy Oil in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price objective on the stock. Finally, Scotiabank lowered shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $46.00 to $50.00 in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Murphy Oil Company Profile

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.