Creative Planning Buys 4,122 Shares of Murphy Oil Co. (NYSE:MUR)

Creative Planning increased its position in shares of Murphy Oil Co. (NYSE:MUR) by 11.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,014 shares of the oil and gas producer’s stock after buying an additional 4,122 shares during the quarter. Creative Planning’s holdings in Murphy Oil were worth $1,384,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MUR. State of Michigan Retirement System lifted its stake in Murphy Oil by 1.1% in the 1st 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 purchasing an additional 400 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Murphy Oil by 3.9% in the first quarter. BNP Paribas Financial Markets now owns 113,677 shares of the oil and gas producer’s stock valued at $5,195,000 after purchasing an additional 4,259 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Murphy Oil during the 1st quarter worth about $1,022,000. Fidelis Capital Partners LLC bought a new stake in shares of Murphy Oil during the 1st quarter worth about $141,000. Finally, GSA Capital Partners LLP acquired a new position in Murphy Oil in the 1st quarter valued at about $542,000. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Up 0.7 %

Shares of NYSE:MUR opened at $31.46 on Thursday. The firm has a market cap of $4.59 billion, a P/E ratio of 8.28 and a beta of 2.20. The business has a fifty day simple moving average of $34.92 and a 200 day simple moving average of $39.13. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. Murphy Oil Co. has a 12-month low of $31.12 and a 12-month high of $49.14.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $802.80 million during the quarter, compared to analyst estimates of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. Murphy Oil’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. Analysts predict that Murphy Oil Co. will post 3.46 earnings per share for the current year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Monday, November 18th. Murphy Oil’s dividend payout ratio is currently 31.58%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Mizuho lowered 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. Barclays reduced their target price on shares of Murphy Oil from $46.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Finally, Truist Financial reduced their price target 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. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Murphy Oil has a consensus rating of “Hold” and a consensus target price 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.