JPMorgan Chase & Co. Has $53.82 Million Holdings in Murphy Oil Co. (NYSE:MUR)

JPMorgan Chase & Co. increased its holdings in Murphy Oil Co. (NYSE:MUR) by 26.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,595,260 shares of the oil and gas producer’s stock after buying an additional 336,372 shares during the period. JPMorgan Chase & Co.’s holdings in Murphy Oil were worth $53,824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MUR. International Assets Investment Management LLC grew its holdings in shares of Murphy Oil by 3,191.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,627,268 shares of the oil and gas producer’s stock worth $54,904,000 after purchasing an additional 1,577,831 shares in the last quarter. Barclays PLC grew its stake in Murphy Oil by 399.4% during the third quarter. Barclays PLC now owns 1,012,944 shares of the oil and gas producer’s stock worth $34,177,000 after buying an additional 810,104 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in Murphy Oil by 641.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 672,717 shares of the oil and gas producer’s stock valued at $22,697,000 after buying an additional 582,020 shares during the period. Squarepoint Ops LLC raised its position in shares of Murphy Oil by 92.1% in the 2nd quarter. Squarepoint Ops LLC now owns 687,254 shares of the oil and gas producer’s stock valued at $28,342,000 after buying an additional 329,521 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Murphy Oil by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,254,125 shares of the oil and gas producer’s stock worth $340,400,000 after acquiring an additional 262,256 shares during the period. Institutional investors own 78.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Piper Sandler lowered their price target on Murphy Oil from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Scotiabank reduced 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. KeyCorp decreased their target price on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Morgan Stanley reduced their price target on shares of Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.58.

Murphy Oil Stock Down 0.4 %

NYSE:MUR opened at $30.85 on Friday. 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 firm’s 50 day simple moving average is $31.22 and its 200 day simple moving average is $35.18. The company has a market cap of $4.50 billion, a PE ratio of 9.95 and a beta of 2.17.

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

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.