Invenomic Capital Management LP Buys 38,746 Shares of Murphy Oil Co. (NYSE:MUR)

Invenomic Capital Management LP boosted its holdings in Murphy Oil Co. (NYSE:MUR) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 485,113 shares of the oil and gas producer’s stock after purchasing an additional 38,746 shares during the period. Invenomic Capital Management LP owned approximately 0.33% of Murphy Oil worth $16,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Murphy Oil by 14.5% during the 2nd quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock valued at $101,000 after purchasing an additional 310 shares during the period. Lindenwold Advisors INC lifted its stake in shares of Murphy Oil by 3.5% in the 3rd quarter. Lindenwold Advisors INC now owns 10,529 shares of the oil and gas producer’s stock valued at $355,000 after purchasing an additional 358 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Murphy Oil by 16.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer’s stock worth $129,000 after acquiring an additional 438 shares during the period. Clear Creek Financial Management LLC grew its holdings in shares of Murphy Oil by 8.1% in the third quarter. Clear Creek Financial Management LLC now owns 6,574 shares of the oil and gas producer’s stock valued at $222,000 after purchasing an additional 494 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 518 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MUR. Wells Fargo & Company lowered their price target on shares of Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, September 27th. JPMorgan Chase & Co. lowered their target price on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Barclays cut their price objective on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. UBS Group reduced their price objective on Murphy Oil from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Finally, The Goldman Sachs Group lowered their price target on Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, October 7th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.92.

Murphy Oil Trading Down 0.0 %

Shares of MUR stock opened at $32.35 on Tuesday. The stock’s fifty day moving average is $33.29 and its two-hundred day moving average is $37.01. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. Murphy Oil Co. has a fifty-two week low of $30.99 and a fifty-two week high of $49.14. The firm has a market capitalization of $4.72 billion, a P/E ratio of 10.44 and a beta of 2.18.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $1.59 earnings per share. The business’s revenue was down 21.0% compared to the same quarter last year. Research analysts expect that Murphy Oil Co. will post 3.15 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Monday, November 18th. Murphy Oil’s dividend payout ratio is presently 38.71%.

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.