Thomist Capital Management LP Makes New $2.47 Million Investment in Murphy Oil Co. (NYSE:MUR)

Thomist Capital Management LP acquired a new stake in Murphy Oil Co. (NYSE:MUR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 60,355 shares of the oil and gas producer’s stock, valued at approximately $2,465,000. Murphy Oil comprises approximately 0.9% of Thomist Capital Management LP’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors have also made changes to their positions in the business. Duality Advisers LP increased its stake in Murphy Oil by 364.6% in the 1st quarter. Duality Advisers LP now owns 113,451 shares of the oil and gas producer’s stock valued at $5,185,000 after buying an additional 89,032 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Murphy Oil by 138.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 29,702 shares of the oil and gas producer’s stock worth $1,357,000 after acquiring an additional 17,265 shares in the last quarter. DRW Securities LLC boosted its position in Murphy Oil by 280.0% during the fourth quarter. DRW Securities LLC now owns 72,200 shares of the oil and gas producer’s stock valued at $3,080,000 after purchasing an additional 53,201 shares during the last quarter. Invenomic Capital Management LP bought a new position in Murphy Oil in the fourth quarter valued at approximately $16,349,000. Finally, Innealta Capital LLC acquired a new position in shares of Murphy Oil during the 4th quarter worth approximately $298,000. Institutional investors own 78.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Wolfe Research initiated coverage on Murphy Oil in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price objective on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Truist Financial decreased their target price on Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Barclays cut their price target on Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.00.

Murphy Oil Stock Down 0.2 %

MUR opened at $35.29 on Thursday. The stock has a fifty day moving average of $37.96 and a 200-day moving average of $41.35. The company has a market capitalization of $5.38 billion, a P/E ratio of 9.83 and a beta of 2.21. Murphy Oil Co. has a fifty-two week low of $33.15 and a fifty-two week high of $49.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business had revenue of $802.80 million during the quarter, compared to analysts’ expectations of $813.97 million. During the same quarter in the previous year, the company earned $0.79 EPS. The business’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts expect that Murphy Oil Co. will post 3.99 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Monday, August 19th. Murphy Oil’s dividend payout ratio is currently 33.43%.

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.