Stifel Financial Corp Has $501,000 Position in Murphy Oil Co. (NYSE:MUR)

Stifel Financial Corp trimmed its stake in shares of Murphy Oil Co. (NYSE:MUR) by 42.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,843 shares of the oil and gas producer’s stock after selling 11,053 shares during the quarter. Stifel Financial Corp’s holdings in Murphy Oil were worth $501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MUR. Signaturefd LLC grew its stake in shares of Murphy Oil by 14.5% during the second quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 310 shares during the last quarter. Lindenwold Advisors INC grew its position in Murphy Oil by 3.5% during the 3rd quarter. Lindenwold Advisors INC now owns 10,529 shares of the oil and gas producer’s stock worth $355,000 after acquiring an additional 358 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Murphy Oil by 16.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer’s stock worth $129,000 after acquiring an additional 438 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in Murphy Oil by 8.1% in the 3rd quarter. Clear Creek Financial Management LLC now owns 6,574 shares of the oil and gas producer’s stock worth $222,000 after purchasing an additional 494 shares in the last quarter. Finally, Covestor Ltd raised its position in Murphy Oil by 266.8% in the third quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 539 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Analyst Upgrades and Downgrades

MUR has been the topic of several research reports. UBS Group reduced their price target on Murphy Oil from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Truist Financial decreased their price target on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Piper Sandler cut their price target on shares of Murphy Oil from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Scotiabank reduced their price objective on shares of Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, BMO Capital Markets lowered their target price 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. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Murphy Oil currently has an average rating of “Hold” and a consensus target price of $39.58.

Murphy Oil Stock Down 0.2 %

Shares of NYSE:MUR opened at $28.67 on Friday. The business’s 50-day moving average is $31.55 and its 200-day moving average is $35.60. Murphy Oil Co. has a 1 year low of $27.75 and a 1 year high of $49.14. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 9.25 and a beta of 2.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results 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). The business had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. Murphy Oil’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.59 earnings per share. Equities research analysts predict that Murphy Oil Co. will post 3.15 earnings per share for the current year.

Murphy Oil Announces Dividend

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. This represents a $1.20 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Monday, November 18th. Murphy Oil’s payout ratio is 38.71%.

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.