Murphy Oil Corporation $MUR Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Murphy Oil Corporation (NYSE:MUR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 128,446 shares of the oil and gas producer’s stock, valued at approximately $4,755,000. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Murphy Oil as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Citizens Financial Group Inc. RI acquired a new position in Murphy Oil in the third quarter worth about $375,000. Evergreen Capital Management LLC acquired a new stake in Murphy Oil during the third quarter valued at approximately $204,000. Compass Wealth Management LLC acquired a new stake in Murphy Oil during the third quarter valued at approximately $46,000. Root Financial Partners LLC acquired a new stake in Murphy Oil during the third quarter valued at approximately $44,000. Finally, Crossmark Global Holdings Inc. raised its stake in Murphy Oil by 38.7% during the third quarter. Crossmark Global Holdings Inc. now owns 11,990 shares of the oil and gas producer’s stock valued at $444,000 after buying an additional 3,344 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MUR. The Goldman Sachs Group lifted their target price on Murphy Oil from $36.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Zacks Research upgraded Murphy Oil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 28th. Wells Fargo & Company reissued a “positive” rating on shares of Murphy Oil in a research report on Tuesday, September 29th. Wall Street Zen raised Murphy Oil from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, Morgan Stanley raised their price objective on Murphy Oil from $36.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.75.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $36.42 on Friday. The company has a market cap of $5.22 billion, a PE ratio of 11.35 and a beta of 0.52. Murphy Oil Corporation has a fifty-two week low of $26.77 and a fifty-two week high of $45.03. The firm has a 50-day simple moving average of $38.86 and a 200 day simple moving average of $36.88. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, November 4th. The oil and gas producer reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.17. Murphy Oil had a net margin of 14.90% and a return on equity of 8.51%. The firm had revenue of $849.17 million for the quarter, compared to analysts’ expectations of $781.53 million. During the same quarter last year, the company posted $0.41 earnings per share. Murphy Oil’s revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Murphy Oil Corporation will post 3.68 EPS for the current year.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.8%. Murphy Oil’s dividend payout ratio is 69.31%.

More Murphy Oil News

Here are the key news stories impacting Murphy Oil this week:

• Positive Sentiment: Q3 results beat expectations. Murphy reported earnings of $1.08 per share versus the $0.91 consensus, while revenue of about $849 million topped estimates of $782 million and rose 16.6% year over year. The company attributed improved results to stronger commodity prices and lower costs. Zacks Q3 earnings article
• Positive Sentiment: Production outperformed and the 2026 outlook improved. Output topped guidance, prompting Murphy to raise its production outlook for 2026—supportive of expected revenue and cash flow. Zacks Q3 earnings article
• Positive Sentiment: Projects offer longer-term cash-flow potential. Murphy outlined a potential $1 billion in five-year free cash flow from Lac Da Vang and Chinook. Early screening at Bubale also points to more than 150 million barrels of potential resources, though this remains an exploration-stage opportunity. Seeking Alpha project and exploration update
• Neutral Sentiment: Mauritania acreage expands the exploration portfolio. Murphy signed production-sharing contracts for the offshore C-10 and Tiof blocks, covering about 3.1 million acres. It will operate with a 90% working interest; further evaluation is needed before the blocks’ commercial potential is clear. Murphy Oil Mauritania contracts announcement

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.