Teachers Retirement System of The State of Kentucky Sells 1,270 Shares of Murphy Oil Co. (NYSE:MUR)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Murphy Oil Co. (NYSE:MUR) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,340 shares of the oil and gas producer’s stock after selling 1,270 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Murphy Oil were worth $1,563,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MUR. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Murphy Oil by 19.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,269 shares of the oil and gas producer’s stock worth $259,000 after buying an additional 1,036 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Murphy Oil by 6.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,851 shares of the oil and gas producer’s stock worth $571,000 after purchasing an additional 815 shares during the last quarter. Raymond James & Associates grew its stake in shares of 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 purchasing an additional 6,341 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Murphy Oil during the 2nd quarter valued at about $216,000. Finally, Clear Creek Financial Management LLC bought a new position in shares of Murphy Oil in the 2nd quarter worth approximately $251,000. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Price Performance

MUR stock opened at $29.30 on Wednesday. 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’s fifty day moving average price is $32.49 and its 200-day moving average price is $36.20. Murphy Oil Co. has a one year low of $28.81 and a one year high of $49.14. The company has a market capitalization of $4.27 billion, a PE ratio of 9.45 and a beta of 2.18.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.02). The firm had revenue of $758.33 million during the quarter, compared to the consensus estimate of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The company’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. On average, equities analysts anticipate that Murphy Oil Co. will post 3.15 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 4.10%. Murphy Oil’s dividend payout ratio (DPR) is presently 38.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. 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. KeyCorp reduced their price objective on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Piper Sandler lowered their target price on Murphy Oil from $42.00 to $39.00 and set an “overweight” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their price target on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Scotiabank decreased their price objective on Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.58.

Murphy Oil 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.