Murphy Oil Co. (NYSE:MUR) Holdings Raised by Lindenwold Advisors INC

Lindenwold Advisors INC increased its stake in Murphy Oil Co. (NYSE:MUR) by 3.5% during the third quarter, HoldingsChannel reports. The firm owned 10,529 shares of the oil and gas producer’s stock after acquiring an additional 358 shares during the period. Lindenwold Advisors INC’s holdings in Murphy Oil were worth $355,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC increased its position in shares of Murphy Oil by 276.2% in the third quarter. Quest Partners LLC now owns 108,677 shares of the oil and gas producer’s stock worth $3,667,000 after acquiring an additional 79,791 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Murphy Oil by 0.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 220,497 shares of the oil and gas producer’s stock worth $7,440,000 after purchasing an additional 1,758 shares in the last quarter. KBC Group NV raised its stake in Murphy Oil by 14.5% during the 3rd quarter. KBC Group NV now owns 4,276 shares of the oil and gas producer’s stock valued at $144,000 after purchasing an additional 540 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Murphy Oil by 17.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 195,183 shares of the oil and gas producer’s stock valued at $6,585,000 after purchasing an additional 28,867 shares in the last quarter. Finally, Simmons Bank boosted its position in shares of Murphy Oil by 491.4% in the third quarter. Simmons Bank now owns 30,406 shares of the oil and gas producer’s stock worth $1,026,000 after buying an additional 25,265 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MUR. JPMorgan Chase & Co. dropped their price target on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. KeyCorp dropped their target price on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company decreased their price target on shares of Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, September 27th. BMO Capital Markets lowered their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, Truist Financial cut their target price on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.92.

Murphy Oil Stock Performance

MUR opened at $33.00 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market cap of $4.81 billion, a PE ratio of 10.65 and a beta of 2.21. The stock has a 50-day moving average of $33.71 and a 200-day moving average of $37.82. Murphy Oil Co. has a 52-week low of $30.99 and a 52-week high of $49.14.

Murphy Oil (NYSE:MUR) last announced its earnings results 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 return on equity of 9.22% and a net margin of 14.78%. The company had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. During the same period in the previous year, the company earned $1.59 EPS. The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. As a group, equities research analysts forecast that Murphy Oil Co. will post 3.3 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.20 annualized dividend and a yield of 3.64%. Murphy Oil’s dividend payout ratio (DPR) is presently 38.71%.

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.