Bank of Montreal Can Buys 14,181 Shares of Murphy Oil Co. (NYSE:MUR)

Bank of Montreal Can raised its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 26.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,246 shares of the oil and gas producer’s stock after purchasing an additional 14,181 shares during the period. Bank of Montreal Can’s holdings in Murphy Oil were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MUR. Dimensional Fund Advisors LP boosted its position in shares of Murphy Oil by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer’s stock worth $340,400,000 after purchasing an additional 262,256 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Murphy Oil by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 2,138,985 shares of the oil and gas producer’s stock valued at $88,212,000 after buying an additional 107,462 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Murphy Oil by 3,191.6% in the third quarter. International Assets Investment Management LLC now owns 1,627,268 shares of the oil and gas producer’s stock valued at $54,904,000 after buying an additional 1,577,831 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Murphy Oil by 90.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,092,374 shares of the oil and gas producer’s stock worth $45,050,000 after purchasing an additional 518,904 shares during the period. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Murphy Oil by 28.4% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,043,950 shares of the oil and gas producer’s stock valued at $35,223,000 after purchasing an additional 231,007 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Stock Up 0.4 %

Shares of MUR stock opened at $31.63 on Friday. Murphy Oil Co. has a 52-week low of $30.99 and a 52-week high of $49.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 10.20 and a beta of 2.18. The firm’s 50-day moving average is $33.14 and its 200-day moving average is $36.86.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The business had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. During the same period in the previous year, the business earned $1.59 earnings per share. The business’s quarterly revenue was down 21.0% on a year-over-year basis. Sell-side analysts predict that Murphy Oil Co. will post 3.15 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a $0.30 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 3.79%. Murphy Oil’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

MUR has been the subject of several recent research reports. 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 research report on Friday, October 4th. KeyCorp cut their target price on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Piper Sandler decreased their price target on shares of Murphy Oil from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. lowered their price objective on shares of Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, The Goldman Sachs Group reduced their target price on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.92.

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.