Compass Wealth Management LLC Buys Shares of 1,250 Murphy Oil Co. (NYSE:MUR)

Compass Wealth Management LLC purchased a new position in shares of Murphy Oil Co. (NYSE:MUR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,250 shares of the oil and gas producer’s stock, valued at approximately $42,000.

A number of other large investors have also modified their holdings of the company. Mather Group LLC. grew its position in Murphy Oil by 1,015.7% in the 2nd quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 518 shares during the last quarter. Rise Advisors LLC bought a new position in Murphy Oil in the 1st quarter worth approximately $30,000. Headlands Technologies LLC increased its position in Murphy Oil by 1,434.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after acquiring an additional 1,205 shares during the period. Bruce G. Allen Investments LLC raised its stake in Murphy Oil by 106.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 758 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Murphy Oil by 27.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after acquiring an additional 447 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank lowered their price target on Murphy Oil from $47.00 to $36.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group lowered their target price on shares of Murphy Oil from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. KeyCorp reduced their price target on shares of Murphy Oil from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday. Truist Financial decreased their price objective on shares of Murphy Oil from $55.00 to $42.00 and set a “buy” rating for the company in a report on Monday, September 30th. Finally, Wells Fargo & Company dropped their target price on Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Murphy Oil presently has an average rating of “Hold” and a consensus price target of $41.17.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $33.14 on Friday. The company has a market capitalization of $5.06 billion, a PE ratio of 9.23 and a beta of 2.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a fifty day moving average of $35.67 and a 200-day moving average of $40.10. Murphy Oil Co. has a one year low of $32.53 and a one year high of $49.14.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a return on equity of 11.68% and a net margin of 17.32%. The company had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Murphy Oil’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy Oil Co. will post 3.47 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Monday, November 18th. Murphy Oil’s dividend payout ratio is presently 33.43%.

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.