Man Group plc bought a new position in Murphy Oil Corporation (NYSE:MUR – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,228 shares of the oil and gas producer’s stock, valued at approximately $561,000.
Other hedge funds also recently made changes to their positions in the company. CIBC Private Wealth Group LLC bought a new position in Murphy Oil in the 4th quarter worth approximately $26,000. Leonteq Securities AG bought a new position in shares of Murphy Oil in the first quarter valued at approximately $29,000. Valued Wealth Advisors LLC increased its stake in shares of Murphy Oil by 14,700.0% during the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 735 shares during the period. Farther Finance Advisors LLC raised its holdings in Murphy Oil by 72.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 717 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Murphy Oil in the second quarter worth approximately $54,000. Institutional investors own 78.31% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on MUR. Morgan Stanley reissued an “underweight” rating and issued a $36.00 price objective on shares of Murphy Oil in a research note on Wednesday, August 19th. Seaport Research Partners started coverage on shares of Murphy Oil in a report on Thursday. They issued a “neutral” rating for the company. Wall Street Zen cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. UBS Group cut their price objective on Murphy Oil from $41.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, August 7th. Finally, Scotiabank restated a “sector perform” rating and issued a $44.00 target price on shares of Murphy Oil in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Murphy Oil has an average rating of “Hold” and an average target price of $37.25.
Murphy Oil Stock Down 1.1%
MUR stock opened at $37.27 on Friday. Murphy Oil Corporation has a 52-week low of $24.49 and a 52-week high of $43.34. The company’s 50 day simple moving average is $35.71 and its 200-day simple moving average is $36.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a market capitalization of $5.34 billion, a P/E ratio of 18.45 and a beta of 0.50.
Murphy Oil (NYSE:MUR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The firm had revenue of $926.33 million during the quarter, compared to analyst estimates of $888.51 million. During the same period in the prior year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities research analysts anticipate that Murphy Oil Corporation will post 2.77 EPS for the current year.
Murphy Oil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 17th. Murphy Oil’s dividend payout ratio is currently 69.31%.
Murphy Oil Profile
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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