Point72 Asia Singapore Pte. Ltd. Acquires 4,069 Shares of Murphy Oil Co. (NYSE:MUR)

Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 235.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,799 shares of the oil and gas producer’s stock after buying an additional 4,069 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Murphy Oil were worth $239,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MUR. Signaturefd LLC raised its position in shares of Murphy Oil by 14.5% in the 2nd quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock worth $101,000 after acquiring an additional 310 shares in the last quarter. CWM LLC grew its position in shares of Murphy Oil by 14.0% in the 1st quarter. CWM LLC now owns 2,547 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 313 shares during the last quarter. State of Michigan Retirement System lifted its position in Murphy Oil by 1.1% during the first quarter. State of Michigan Retirement System now owns 35,647 shares of the oil and gas producer’s stock valued at $1,629,000 after acquiring an additional 400 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Murphy Oil by 16.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer’s stock valued at $129,000 after acquiring an additional 438 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Murphy Oil by 27.0% in 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. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Trading Up 2.3 %

NYSE MUR opened at $34.52 on Wednesday. The company has a fifty day moving average of $36.75 and a 200 day moving average of $40.94. The company has a market capitalization of $5.27 billion, a PE ratio of 9.62 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 Co. has a 1 year low of $32.53 and a 1 year high of $49.14.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $802.80 million for the quarter, compared to the consensus estimate of $813.97 million. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. Research analysts forecast that Murphy Oil Co. will post 3.57 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, August 19th. Murphy Oil’s dividend payout ratio (DPR) is 33.43%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MUR. Piper Sandler lowered their price objective on Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Wolfe Research initiated coverage on Murphy Oil in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Truist Financial cut their price objective on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Mizuho cut their price target on shares of Murphy Oil from $59.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.64.

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.