Css LLC Il Sells 34,312 Shares of Murphy Oil Co. (NYSE:MUR)

Css LLC Il decreased its position in Murphy Oil Co. (NYSE:MUR) by 26.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 96,339 shares of the oil and gas producer’s stock after selling 34,312 shares during the period. Css LLC Il’s holdings in Murphy Oil were worth $2,915,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. LSV Asset Management grew its holdings in shares of Murphy Oil by 4.3% during the fourth quarter. LSV Asset Management now owns 2,807,277 shares of the oil and gas producer’s stock worth $84,948,000 after buying an additional 114,656 shares in the last quarter. Northern Trust Corp boosted its position in Murphy Oil by 5.1% during the 4th quarter. Northern Trust Corp now owns 2,234,585 shares of the oil and gas producer’s stock worth $67,619,000 after acquiring an additional 107,871 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Murphy Oil by 61.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,147,590 shares of the oil and gas producer’s stock worth $64,986,000 after acquiring an additional 821,427 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Murphy Oil by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer’s stock valued at $56,214,000 after purchasing an additional 13,263 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Murphy Oil by 91.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,751,737 shares of the oil and gas producer’s stock worth $53,008,000 after purchasing an additional 837,282 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MUR shares. Mizuho cut shares of Murphy Oil from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $31.00 in a report on Tuesday, May 13th. UBS Group reduced their price objective on shares of Murphy Oil from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on Murphy Oil from $33.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Roth Capital lowered Murphy Oil from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $27.00 to $25.00 in a report on Thursday, May 15th. Finally, Piper Sandler decreased their price target on Murphy Oil from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.31.

Murphy Oil Stock Down 0.0%

MUR stock opened at $21.61 on Wednesday. Murphy Oil Co. has a 1-year low of $18.95 and a 1-year high of $43.44. The business’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $27.49. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.08 billion, a PE ratio of 8.03 and a beta of 1.10.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The firm had revenue of $665.71 million during the quarter, compared to analysts’ expectations of $684.89 million. During the same period in the previous year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, research analysts anticipate that Murphy Oil Co. will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.02%. The ex-dividend date is Friday, May 16th. Murphy Oil’s payout ratio is 50.00%.

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.