Murphy Oil Co. (NYSE:MUR) Short Interest Update
Murphy Oil Co. (NYSE:MUR – Get Free Report) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 5,390,000 shares, a decrease of 19.3% from the October 31st total of 6,680,000 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 3.6 days.
Murphy Oil Stock Performance
Shares of NYSE MUR traded up $0.49 during trading hours on Friday, reaching $43.26. The stock had a trading volume of 1,467,057 shares, compared to its average volume of 1,473,185. The business’s fifty day moving average is $44.46 and its two-hundred day moving average is $42.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.99 and a quick ratio of 0.93. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 9.15 and a beta of 2.28. Murphy Oil has a twelve month low of $32.80 and a twelve month high of $48.47.
Murphy Oil (NYSE:MUR – Get Free Report) last issued its earnings results on Thursday, November 2nd. The oil and gas producer reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $959.65 million during the quarter, compared to analyst estimates of $899.35 million. Murphy Oil had a return on equity of 13.89% and a net margin of 20.74%. As a group, research analysts expect that Murphy Oil will post 4.95 EPS for the current year.
Murphy Oil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were paid a $0.275 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.54%. Murphy Oil’s payout ratio is 23.26%.
Analyst Ratings Changes
MUR has been the topic of a number of research reports. Morgan Stanley increased their price objective on Murphy Oil from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. StockNews.com began coverage on Murphy Oil in a research report on Thursday, October 5th. They set a “hold” rating for the company. KeyCorp upped their target price on Murphy Oil from $47.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 23rd. Mizuho upped their target price on Murphy Oil from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, Piper Sandler upped their target price on Murphy Oil from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, November 16th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Murphy Oil presently has a consensus rating of “Moderate Buy” and an average price target of $49.55.
Get Our Latest Analysis on MUR
Insider Buying and Selling
In related news, Director Elisabeth W. Keller sold 1,116 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $45.49, for a total value of $50,766.84. Following the transaction, the director now owns 7,151 shares in the company, valued at $325,298.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.92% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Financial Management Professionals Inc. raised its stake in shares of Murphy Oil by 7,940.0% in the third quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 794 shares in the last quarter. Quent Capital LLC raised its stake in Murphy Oil by 70.5% during the second quarter. Quent Capital LLC now owns 885 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 366 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Murphy Oil during the third quarter worth $40,000. Belpointe Asset Management LLC raised its stake in Murphy Oil by 68.2% during the first quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 365 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Murphy Oil during the third quarter worth $47,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.
Murphy Oil Company Profile (Get Free Report)
Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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.
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Original: MarketBeat News Feed: Murphy Oil Co. (NYSE:MUR) Short Interest Update