Edgestream Partners L.P. Acquires Shares of 21,309 Murphy Oil Co. (NYSE:MUR)

Edgestream Partners L.P. purchased a new stake in Murphy Oil Co. (NYSE:MUR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,309 shares of the oil and gas producer’s stock, valued at approximately $974,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Murphy Oil by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock valued at $335,397,000 after buying an additional 207,547 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Murphy Oil by 11.9% in the 4th quarter. Natixis Advisors L.P. now owns 164,568 shares of the oil and gas producer’s stock valued at $7,020,000 after purchasing an additional 17,556 shares during the last quarter. Duality Advisers LP grew its stake in shares of Murphy Oil by 364.6% in the 1st quarter. Duality Advisers LP now owns 113,451 shares of the oil and gas producer’s stock valued at $5,185,000 after buying an additional 89,032 shares during the period. DRW Securities LLC increased its holdings in shares of Murphy Oil by 280.0% during the 4th quarter. DRW Securities LLC now owns 72,200 shares of the oil and gas producer’s stock worth $3,080,000 after buying an additional 53,201 shares during the last quarter. Finally, Invenomic Capital Management LP acquired a new stake in shares of Murphy Oil during the 4th quarter worth approximately $16,349,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Stock Down 1.6 %

NYSE:MUR traded down $0.66 during midday trading on Tuesday, reaching $40.17. The company had a trading volume of 130,200 shares, compared to its average volume of 1,611,354. Murphy Oil Co. has a 12-month low of $36.95 and a 12-month high of $49.14. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 11.38 and a beta of 2.26. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $41.11 and its 200-day simple moving average is $41.85.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The company had revenue of $794.80 million for the quarter, compared to analyst estimates of $750.94 million. During the same quarter last year, the company earned $1.24 EPS. Murphy Oil’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Murphy Oil Co. will post 4.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Mizuho increased their price objective on Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Piper Sandler lowered their price target on Murphy Oil from $55.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, July 18th. Truist Financial cut their price objective on Murphy Oil from $59.00 to $55.00 and set a “buy” rating for the company in a research report on Monday. StockNews.com cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Wolfe Research initiated coverage on shares of Murphy Oil in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.27.

Murphy Oil Company 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.