Park Avenue Securities LLC Sells 1,476 Shares of Murphy Oil Co. (NYSE:MUR)

Park Avenue Securities LLC decreased its position in shares of Murphy Oil Co. (NYSE:MUR) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,343 shares of the oil and gas producer’s stock after selling 1,476 shares during the quarter. Park Avenue Securities LLC’s holdings in Murphy Oil were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MUR. International Assets Investment Management LLC grew its holdings in shares of Murphy Oil by 3,191.6% in the 3rd 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 during the period. Barclays PLC lifted its holdings in Murphy Oil by 399.4% during the third quarter. Barclays PLC now owns 1,012,944 shares of the oil and gas producer’s stock worth $34,177,000 after acquiring an additional 810,104 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Murphy Oil by 641.7% in the third quarter. Wedge Capital Management L L P NC now owns 672,717 shares of the oil and gas producer’s stock valued at $22,697,000 after acquiring an additional 582,020 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Murphy Oil by 26.7% in the third quarter. JPMorgan Chase & Co. now owns 1,595,260 shares of the oil and gas producer’s stock worth $53,824,000 after acquiring an additional 336,372 shares in the last quarter. Finally, M&G PLC bought a new stake in shares of Murphy Oil in the third quarter worth about $8,766,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MUR shares. Truist Financial boosted their price objective on Murphy Oil from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler reduced their price target on shares of Murphy Oil from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. BMO Capital Markets dropped their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. KeyCorp reduced their target price on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company dropped their price target on Murphy Oil from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.42.

Murphy Oil Stock Down 2.4 %

NYSE:MUR opened at $29.66 on Friday. Murphy Oil Co. has a twelve month low of $27.75 and a twelve month high of $49.14. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 9.57 and a beta of 2.17. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $31.19 and its two-hundred day moving average price is $34.29.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $758.33 million for the quarter, compared to analyst estimates 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 firm posted $1.59 earnings per share. Equities research analysts expect that Murphy Oil Co. will post 3.05 earnings per share for the current fiscal year.

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.