Trexquant Investment LP Makes New Investment in Murphy Oil Co. (NYSE:MUR)

Trexquant Investment LP purchased a new position in Murphy Oil Co. (NYSE:MUR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,490 shares of the oil and gas producer’s stock, valued at approximately $424,000.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of Murphy Oil by 812.5% during the second quarter. CWM LLC now owns 2,920 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 2,600 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Murphy Oil during the second quarter worth about $40,000. Advisors Asset Management Inc. grew its holdings in shares of Murphy Oil by 118.5% during the second quarter. Advisors Asset Management Inc. now owns 3,306 shares of the oil and gas producer’s stock worth $46,000 after buying an additional 1,793 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Murphy Oil during the third quarter worth about $62,000. Finally, Texas Capital Bank Wealth Management Services Inc. bought a new position in shares of Murphy Oil during the third quarter worth about $89,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Murphy Oil stock opened at $9.53 on Friday. The stock’s fifty day moving average price is $8.41 and its two-hundred day moving average price is $11.83. Murphy Oil Co. has a one year low of $4.50 and a one year high of $28.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 1.05. The firm has a market cap of $1.46 billion, a PE ratio of -1.40 and a beta of 3.35.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Thursday, November 5th. The oil and gas producer reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.03. Murphy Oil had a negative return on equity of 1.36% and a net margin of 10.64%. The firm had revenue of $421.87 million for the quarter, compared to analyst estimates of $474.04 million. During the same quarter last year, the company earned $0.36 EPS. The company’s revenue was down 48.4% on a year-over-year basis. Sell-side analysts expect that Murphy Oil Co. will post -1.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 13th. This represents a $0.50 dividend on an annualized basis and a yield of 5.25%. Murphy Oil’s dividend payout ratio (DPR) is presently 57.47%.

A number of research analysts recently issued reports on MUR shares. Truist started coverage on Murphy Oil in a report on Tuesday, September 1st. They set a “buy” rating and a $22.00 price objective for the company. Credit Suisse Group decreased their price objective on Murphy Oil from $15.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 6th. Johnson Rice started coverage on Murphy Oil in a research report on Wednesday, August 26th. They set a “buy” rating for the company. Morgan Stanley increased their price target on Murphy Oil from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Friday, August 21st. Finally, KeyCorp reduced their price target on Murphy Oil from $20.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 20th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.70.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and natural 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.

See Also: What is a SEC Filing?

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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