Signaturefd LLC Purchases 702 Shares of Murphy Oil Co. (NYSE:MUR)

Signaturefd LLC grew its position in shares of Murphy Oil Co. (NYSE:MUR) by 28.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,143 shares of the oil and gas producer’s stock after acquiring an additional 702 shares during the quarter. Signaturefd LLC’s holdings in Murphy Oil were worth $106,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. boosted its position in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 518 shares during the last quarter. Compass Wealth Management LLC purchased a new position in shares of Murphy Oil during the third quarter valued at approximately $42,000. Headlands Technologies LLC boosted its position in shares of Murphy Oil by 1,434.5% during the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 1,205 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Murphy Oil by 106.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 758 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Murphy Oil during the first quarter valued at approximately $141,000. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $31.86 on Tuesday. The firm has a market capitalization of $4.65 billion, a P/E ratio of 8.38 and a beta of 2.20. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $35.03 and its two-hundred day simple moving average is $39.24. Murphy Oil Co. has a twelve month low of $31.54 and a twelve month high of $49.14.

Murphy Oil (NYSE:MUR) last announced its 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. The business had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. As a group, equities analysts anticipate that Murphy Oil Co. will post 3.46 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, November 18th. Murphy Oil’s payout ratio is currently 31.58%.

Wall Street Analysts Forecast Growth

MUR has been the topic of several research analyst reports. Truist Financial cut their price objective on Murphy Oil from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Morgan Stanley cut their price objective on Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Mizuho cut their price objective on Murphy Oil from $59.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. cut their price objective on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, BMO Capital Markets cut their price objective on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Ten 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, Murphy Oil currently has an average rating of “Hold” and a consensus price target of $41.17.

Murphy Oil 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.