Grace & White Inc. NY Has $4.06 Million Position in Murphy Oil Corporation $MUR

Grace & White Inc. NY boosted its holdings in Murphy Oil Corporation (NYSE:MUR) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,602 shares of the oil and gas producer’s stock after buying an additional 2,200 shares during the period. Grace & White Inc. NY owned approximately 0.13% of Murphy Oil worth $4,064,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MUR. Brooklyn Investment Group lifted its holdings in Murphy Oil by 3,989.7% in the first quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 1,157 shares during the period. Byrne Asset Management LLC acquired a new position in Murphy Oil in the first quarter valued at approximately $44,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Murphy Oil by 1,710.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock valued at $47,000 after buying an additional 1,574 shares during the period. Allworth Financial LP lifted its holdings in Murphy Oil by 246.6% in the first quarter. Allworth Financial LP now owns 1,747 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 1,243 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Murphy Oil by 148.1% in the second quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 1,357 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Stock Down 9.6%

Shares of MUR stock opened at $26.76 on Friday. The firm has a fifty day moving average of $25.89 and a 200-day moving average of $24.18. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. Murphy Oil Corporation has a 12-month low of $18.94 and a 12-month high of $36.24. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 13.87 and a beta of 1.03.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The company had revenue of $440.08 million for the quarter. As a group, equities research analysts predict that Murphy Oil Corporation will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.30 annualized dividend and a dividend yield of 4.9%. Murphy Oil’s dividend payout ratio is currently 67.36%.

Analyst Ratings Changes

MUR has been the topic of several analyst reports. Piper Sandler increased their price objective on shares of Murphy Oil from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. Mizuho lowered their target price on shares of Murphy Oil from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Zacks Research downgraded shares of Murphy Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, September 15th. UBS Group upped their target price on shares of Murphy Oil from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Murphy Oil in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $27.58.

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.