Murphy Oil Co. (NYSE:MUR) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC raised its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 107.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,378 shares of the oil and gas producer’s stock after acquiring an additional 100,694 shares during the quarter. Hsbc Holdings PLC owned approximately 0.13% of Murphy Oil worth $8,023,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MUR. Mather Group LLC. increased its stake in Murphy Oil by 1,015.7% in the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 518 shares during the last quarter. Rise Advisors LLC acquired a new stake in Murphy Oil during the 1st quarter worth $30,000. Lindbrook Capital LLC lifted its position in Murphy Oil by 47.7% in the first quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 233 shares during the last quarter. Headlands Technologies LLC boosted its stake in Murphy Oil by 1,434.5% in the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Murphy Oil by 27.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Up 0.6 %

Murphy Oil stock opened at $35.83 on Tuesday. The stock’s 50 day moving average price is $37.51 and its 200 day moving average price is $41.24. Murphy Oil Co. has a 1-year low of $33.15 and a 1-year high of $49.14. The company has a market cap of $5.47 billion, a PE ratio of 9.98 and a beta of 2.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business had revenue of $802.80 million for the quarter, compared to analysts’ expectations of $813.97 million. During the same period in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, sell-side analysts predict that Murphy Oil Co. will post 3.99 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.35%. Murphy Oil’s dividend payout ratio is presently 33.43%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MUR shares. JPMorgan Chase & Co. decreased their target price on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Truist Financial lowered their target price on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Scotiabank downgraded shares of Murphy Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Piper Sandler lowered their price objective on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Finally, UBS Group reduced their target price on shares of Murphy Oil from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $45.00.

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.