TMB Capital Partners LLC purchased a new position in shares of Murphy Oil Corporation (NYSE:MUR – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,869 shares of the oil and gas producer’s stock, valued at approximately $808,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Murphy Oil by 21.8% in the 3rd quarter. American Century Companies Inc. now owns 3,736,815 shares of the oil and gas producer’s stock worth $106,163,000 after purchasing an additional 668,525 shares during the last quarter. Neo Ivy Capital Management bought a new position in Murphy Oil during the 3rd quarter valued at about $451,000. SG Americas Securities LLC lifted its holdings in Murphy Oil by 32.0% during the 4th quarter. SG Americas Securities LLC now owns 122,420 shares of the oil and gas producer’s stock valued at $3,826,000 after purchasing an additional 29,689 shares during the last quarter. CSM Advisors LLC boosted its position in Murphy Oil by 26.5% in the third quarter. CSM Advisors LLC now owns 233,510 shares of the oil and gas producer’s stock valued at $6,634,000 after buying an additional 48,856 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in Murphy Oil during the third quarter worth about $3,372,000. Institutional investors own 78.31% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy Oil in a report on Friday, March 27th. KeyCorp raised Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a report on Thursday, June 4th. Morgan Stanley restated an “underweight” rating on shares of Murphy Oil in a research report on Friday, March 27th. Wall Street Zen raised Murphy Oil from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Mizuho lifted their price objective on Murphy Oil from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.75.
Murphy Oil Trading Down 2.9%
MUR opened at $34.24 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.91 billion, a PE ratio of 58.03 and a beta of 0.50. Murphy Oil Corporation has a 1-year low of $21.86 and a 1-year high of $43.34. The firm has a 50-day moving average price of $38.42 and a two-hundred day moving average price of $35.41.
Murphy Oil (NYSE:MUR – Get Free Report) last announced its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company had revenue of $732.35 million during the quarter, compared to the consensus estimate of $702.96 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts anticipate that Murphy Oil Corporation will post 3.48 earnings per share for the current fiscal year.
Murphy Oil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, May 18th. Murphy Oil’s payout ratio is 237.29%.
About Murphy Oil
Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.
Murphy Oil’s exploration and production activities are geographically diversified.
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