SIR Capital Management L.P. Has $2.56 Million Position in Murphy Oil Corporation $MUR

SIR Capital Management L.P. reduced its position in shares of Murphy Oil Corporation (NYSE:MUR) by 92.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,015 shares of the oil and gas producer’s stock after selling 1,005,485 shares during the period. SIR Capital Management L.P. owned approximately 0.06% of Murphy Oil worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MUR. Freestone Grove Partners LP acquired a new stake in Murphy Oil during the 3rd quarter worth approximately $21,096,000. American Century Companies Inc. lifted its holdings in Murphy Oil by 21.8% during the 3rd quarter. American Century Companies Inc. now owns 3,736,815 shares of the oil and gas producer’s stock worth $106,163,000 after purchasing an additional 668,525 shares during the last quarter. Bank of America Corp DE lifted its holdings in Murphy Oil by 33.3% during the 3rd quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after purchasing an additional 514,127 shares during the last quarter. First Trust Advisors LP lifted its holdings in Murphy Oil by 49.9% during the 2nd quarter. First Trust Advisors LP now owns 946,728 shares of the oil and gas producer’s stock worth $21,301,000 after purchasing an additional 315,199 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Murphy Oil by 13.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,452,045 shares of the oil and gas producer’s stock worth $55,171,000 after purchasing an additional 294,338 shares during the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Price Performance

Murphy Oil stock opened at $38.77 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. Murphy Oil Corporation has a 52 week low of $21.86 and a 52 week high of $43.34. The stock has a market capitalization of $5.56 billion, a P/E ratio of 65.71 and a beta of 0.50. The stock has a fifty day moving average of $38.92 and a 200-day moving average of $35.27.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.The company had revenue of $732.35 million during the quarter, compared to analysts’ expectations of $702.96 million. During the same quarter in the previous year, the firm earned $0.56 EPS. Murphy Oil’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that Murphy Oil Corporation will post 3.48 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.6%. Murphy Oil’s payout ratio is 237.29%.

Analyst Ratings Changes

Several analysts recently weighed in on MUR shares. UBS Group lifted their price target on Murphy Oil from $43.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. KeyCorp raised Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Thursday, June 4th. Zacks Research raised Murphy Oil from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Roth Mkm reissued a “neutral” rating and set a $36.00 price target on shares of Murphy Oil in a report on Thursday, May 7th. Finally, The Goldman Sachs Group lifted their price target on Murphy Oil from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.75.

Murphy Oil Company Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.