ARP Americas LP lessened its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 53.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,125 shares of the oil and gas producer’s stock after selling 31,635 shares during the period. ARP Americas LP’s holdings in Murphy Oil were worth $374,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. bought a new position in Murphy Oil during the 4th quarter valued at about $11,725,000. CWM LLC increased its position in shares of Murphy Oil by 812.5% during the 2nd quarter. CWM LLC now owns 2,920 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 2,600 shares during the last quarter. Ellevest Inc. increased its position in shares of Murphy Oil by 218.5% during the 2nd quarter. Ellevest Inc. now owns 4,975 shares of the oil and gas producer’s stock valued at $69,000 after purchasing an additional 3,413 shares during the last quarter. AXA purchased a new stake in shares of Murphy Oil during the 1st quarter valued at about $62,000. Finally, Pensionmark Financial Group LLC purchased a new stake in shares of Murphy Oil during the 1st quarter valued at about $73,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.
MUR traded down $0.30 during trading on Friday, reaching $13.21. The company had a trading volume of 3,870,061 shares, compared to its average volume of 2,538,270. The stock has a market cap of $2.03 billion, a P/E ratio of 3.19 and a beta of 3.27. The business has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $14.29. Murphy Oil Co. has a 52 week low of $4.50 and a 52 week high of $28.12. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 0.72.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.15. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $600.87 million. Murphy Oil had a return on equity of 1.30% and a net margin of 21.89%. Murphy Oil’s revenue was up 59.2% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. As a group, equities research analysts expect that Murphy Oil Co. will post -1.9 EPS for the current fiscal year.
In other Murphy Oil news, VP Christopher D. Hulse sold 4,447 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $17.12, for a total value of $76,132.64. Following the sale, the vice president now owns 9,179 shares in the company, valued at $157,144.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher D. Hulse sold 5,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $15.67, for a total value of $78,350.00. 6.59% of the stock is owned by company insiders.
Several research firms have recently commented on MUR. Morgan Stanley upped their price target on shares of Murphy Oil from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Wednesday, July 8th. ValuEngine raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a report on Friday, May 1st. Wells Fargo & Co lowered shares of Murphy Oil from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective for the company. in a report on Friday, May 8th. Piper Sandler increased their price objective on shares of Murphy Oil from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, May 19th. Finally, UBS Group increased their price objective on shares of Murphy Oil from $5.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. Murphy Oil currently has an average rating of “Hold” and an average target price of $14.83.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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.
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