Public Employees Retirement System of Ohio Decreases Holdings in Murphy Oil Co. (NYSE:MUR)

Public Employees Retirement System of Ohio decreased its holdings in Murphy Oil Co. (NYSE:MUR) by 39.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,063 shares of the oil and gas producer’s stock after selling 2,678 shares during the period. Public Employees Retirement System of Ohio’s holdings in Murphy Oil were worth $137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Murphy Oil by 19.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,269 shares of the oil and gas producer’s stock valued at $259,000 after buying an additional 1,036 shares during the period. Raymond James & Associates boosted its holdings in Murphy Oil by 5.5% during the 2nd quarter. Raymond James & Associates now owns 121,742 shares of the oil and gas producer’s stock valued at $5,021,000 after acquiring an additional 6,341 shares during the period. Clear Creek Financial Management LLC bought a new position in Murphy Oil during the 2nd quarter worth approximately $251,000. Bank of New York Mellon Corp increased its stake in Murphy Oil by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,138,985 shares of the oil and gas producer’s stock worth $88,212,000 after purchasing an additional 107,462 shares during the period. Finally, Bailard Inc. lifted its position in Murphy Oil by 3.7% in the second quarter. Bailard Inc. now owns 16,862 shares of the oil and gas producer’s stock valued at $695,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, October 7th. BMO Capital Markets decreased 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. Scotiabank lowered their price objective on shares of Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Truist Financial cut their target price on Murphy Oil from $55.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Finally, Mizuho lowered their price target on Murphy Oil from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Murphy Oil has an average rating of “Hold” and an average price target of $39.58.

Murphy Oil Trading Up 0.3 %

NYSE:MUR opened at $28.23 on Friday. The firm has a market capitalization of $4.12 billion, a P/E ratio of 9.11 and a beta of 2.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. Murphy Oil Co. has a one year low of $27.75 and a one year high of $49.14. The company’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $35.91.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). The company had revenue of $758.33 million during the quarter, compared to analysts’ expectations of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The business’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS. As a group, analysts forecast that Murphy Oil Co. will post 3.15 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, November 18th. Murphy Oil’s dividend payout ratio is presently 38.71%.

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.