Sequoia Financial Advisors LLC Takes $469,000 Position in Murphy Oil Corporation $MUR

Sequoia Financial Advisors LLC bought a new stake in Murphy Oil Corporation (NYSE:MUR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,851 shares of the oil and gas producer’s stock, valued at approximately $469,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mustard Seed Financial LLC lifted its stake in shares of Murphy Oil by 2.9% in the 1st quarter. Mustard Seed Financial LLC now owns 17,861 shares of the oil and gas producer’s stock valued at $507,000 after purchasing an additional 500 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Murphy Oil by 3.2% in the 1st quarter. Penserra Capital Management LLC now owns 17,367 shares of the oil and gas producer’s stock valued at $493,000 after purchasing an additional 532 shares during the period. Fifth Third Bancorp lifted its stake in shares of Murphy Oil by 5.8% in the 2nd quarter. Fifth Third Bancorp now owns 19,114 shares of the oil and gas producer’s stock valued at $430,000 after purchasing an additional 1,054 shares during the period. Cresset Asset Management LLC lifted its stake in shares of Murphy Oil by 4.4% in the 1st quarter. Cresset Asset Management LLC now owns 26,830 shares of the oil and gas producer’s stock valued at $762,000 after purchasing an additional 1,141 shares during the period. Finally, Brooklyn Investment Group lifted its stake in shares of Murphy Oil by 3,989.7% in the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 1,157 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Down 0.9%

MUR stock opened at $27.63 on Tuesday. Murphy Oil Corporation has a 1-year low of $18.94 and a 1-year high of $34.52. The business has a fifty day moving average price of $26.45 and a 200-day moving average price of $24.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77. The stock has a market capitalization of $3.94 billion, a P/E ratio of 14.32 and a beta of 1.03.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The business had revenue of $440.08 million during the quarter. Equities analysts forecast that Murphy Oil Corporation will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a $0.325 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.30 annualized dividend and a dividend yield of 4.7%. Murphy Oil’s payout ratio is presently 67.36%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MUR shares. Evercore ISI reduced their price objective on Murphy Oil from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Monday, October 6th. Scotiabank lifted their price objective on Murphy Oil from $26.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Morgan Stanley lowered their price objective on Murphy Oil from $28.00 to $27.00 and set an “underweight” rating for the company in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Murphy Oil in a research note on Wednesday, October 8th. Finally, Mizuho lowered their price objective on Murphy Oil from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $28.08.

About Murphy Oil

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.