Murphy Oil Co. (NYSE:MUR) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in shares of Murphy Oil Co. (NYSE:MUR) by 27.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 328,575 shares of the oil and gas producer’s stock after acquiring an additional 71,000 shares during the quarter. Canada Pension Plan Investment Board owned 0.22% of Murphy Oil worth $13,550,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC raised its holdings in shares of Murphy Oil by 5.0% during the fourth quarter. Corient Private Wealth LLC now owns 48,261 shares of the oil and gas producer’s stock valued at $2,059,000 after acquiring an additional 2,277 shares during the last quarter. United Services Automobile Association increased its position in shares of Murphy Oil by 10.1% during the fourth quarter. United Services Automobile Association now owns 12,455 shares of the oil and gas producer’s stock valued at $531,000 after acquiring an additional 1,146 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Murphy Oil in the 4th quarter valued at approximately $298,000. Olympiad Research LP acquired a new position in shares of Murphy Oil in the 4th quarter worth approximately $339,000. Finally, TFO Wealth Partners LLC boosted its position in shares of Murphy Oil by 44,623.8% during the 4th quarter. TFO Wealth Partners LLC now owns 9,392 shares of the oil and gas producer’s stock worth $427,000 after purchasing an additional 9,371 shares during the period. 78.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MUR has been the topic of several research analyst reports. Scotiabank downgraded Murphy Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Barclays reduced their price target on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Wolfe Research assumed coverage on shares of Murphy Oil in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. StockNews.com lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, UBS Group dropped their price target on shares of Murphy Oil from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.00.

Murphy Oil Trading Up 0.6 %

NYSE MUR opened at $35.83 on Tuesday. The company has a 50-day moving average of $37.51 and a 200-day moving average of $41.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76. Murphy Oil Co. has a 12 month low of $33.15 and a 12 month high of $49.14. The company has a market cap of $5.47 billion, a P/E ratio of 9.98 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The firm had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Murphy Oil Co. will post 3.99 earnings per share for the current year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.35%. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

About Murphy Oil

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.