Monument Capital Management Makes New Investment in Murphy Oil Co. (NYSE:MUR)

Monument Capital Management purchased a new position in shares of Murphy Oil Co. (NYSE:MUR) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,425 shares of the oil and gas producer’s stock, valued at approximately $202,000.

Other large investors have also made changes to their positions in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Murphy Oil during the 4th quarter worth approximately $29,000. Rise Advisors LLC acquired a new stake in shares of Murphy Oil during the 1st quarter worth approximately $30,000. Headinvest LLC acquired a new stake in Murphy Oil in the third quarter valued at approximately $70,000. CWM LLC boosted its position in Murphy Oil by 14.0% in the first quarter. CWM LLC now owns 2,547 shares of the oil and gas producer’s stock valued at $116,000 after buying an additional 313 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Murphy Oil in the fourth quarter valued at approximately $151,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analysts Forecast Growth

MUR has been the topic of a number of research analyst reports. Scotiabank lowered shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $46.00 to $50.00 in a research report on Thursday, April 11th. KeyCorp raised their target price on shares of Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Barclays started coverage on shares of Murphy Oil in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 target price on the stock. Piper Sandler lifted their price target on shares of Murphy Oil from $49.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, Mizuho lifted their price target on shares of Murphy Oil from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.00.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $41.26 on Thursday. Murphy Oil Co. has a twelve month low of $36.34 and a twelve month high of $49.14. The firm has a fifty day simple moving average of $42.08 and a 200 day simple moving average of $42.05. The company has a market capitalization of $6.30 billion, a PE ratio of 11.49 and a beta of 2.25. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Murphy Oil had a net margin of 16.40% and a return on equity of 11.75%. The business had revenue of $794.80 million during the quarter, compared to the consensus estimate of $750.94 million. During the same quarter last year, the firm earned $1.24 earnings per share. Murphy Oil’s quarterly revenue was down 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Murphy Oil Co. will post 4.23 EPS for the current year.

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.