9,421 Shares in Murphy Oil Co. (NYSE:MUR) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in shares of Murphy Oil Co. (NYSE:MUR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,421 shares of the oil and gas producer’s stock, valued at approximately $389,000.

Several other large investors have also recently bought and sold shares of MUR. Lindbrook Capital LLC grew its holdings in Murphy Oil by 47.7% in the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 233 shares in the last quarter. Signaturefd LLC grew its stake in shares of Murphy Oil by 14.5% in the second quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock valued at $101,000 after acquiring an additional 310 shares in the last quarter. CWM LLC increased its position in Murphy Oil by 14.0% during the first quarter. CWM LLC now owns 2,547 shares of the oil and gas producer’s stock worth $116,000 after acquiring an additional 313 shares during the period. State of Michigan Retirement System raised 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 worth $1,629,000 after purchasing an additional 400 shares in the last quarter. Finally, Equitable Trust Co. raised its stake in Murphy Oil by 6.2% in the 1st quarter. Equitable Trust Co. now owns 6,940 shares of the oil and gas producer’s stock worth $317,000 after purchasing an additional 406 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Piper Sandler lowered their target price on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. UBS Group dropped their price objective on Murphy Oil from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Tuesday, August 13th. StockNews.com lowered Murphy Oil from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Barclays cut their price objective on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Finally, Truist Financial decreased their target price on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $47.18.

Murphy Oil Trading Up 0.8 %

NYSE MUR opened at $34.17 on Friday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 9.52 and a beta of 2.21. Murphy Oil Co. has a twelve month low of $33.15 and a twelve month high of $49.14. 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 business’s fifty day moving average is $38.17 and its 200 day moving average is $41.40.

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 (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Murphy Oil Co. will post 3.99 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Monday, August 19th. Murphy Oil’s payout ratio is currently 33.43%.

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.