GAMMA Investing LLC Sells 2,588 Shares of Murphy Oil Co. (NYSE:MUR)

GAMMA Investing LLC decreased its holdings in Murphy Oil Co. (NYSE:MUR) by 67.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,260 shares of the oil and gas producer’s stock after selling 2,588 shares during the quarter. GAMMA Investing LLC’s holdings in Murphy Oil were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MUR. Covestor Ltd increased its stake in shares of 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 buying an additional 539 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in Murphy Oil in the 3rd quarter valued at about $27,000. Compass Wealth Management LLC bought a new position in shares of Murphy Oil in the third quarter worth about $42,000. Headlands Technologies LLC raised its stake in shares of Murphy Oil by 1,434.5% in the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Murphy Oil by 106.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 758 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Stock Performance

MUR stock opened at $33.93 on Wednesday. Murphy Oil Co. has a 1-year low of $27.75 and a 1-year high of $49.14. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. The firm has a market cap of $4.95 billion, a PE ratio of 10.95 and a beta of 2.17. The business’s 50-day moving average price is $31.34 and its two-hundred day moving average price is $34.81.

Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm had revenue of $758.33 million during the quarter, compared to the consensus estimate of $759.74 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The company’s revenue was down 21.0% on a year-over-year basis. As a group, research analysts forecast that Murphy Oil Co. will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MUR shares. BMO Capital Markets lowered their price target on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Truist Financial lifted their target price on Murphy Oil from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company cut 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. Barclays lowered their price objective on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, UBS Group dropped their price objective on Murphy Oil from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.58.

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.