WBI Investments LLC Takes Position in Murphy Oil Corporation $MUR

WBI Investments LLC acquired a new position in shares of Murphy Oil Corporation (NYSE:MUR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 71,102 shares of the oil and gas producer’s stock, valued at approximately $1,600,000.

A number of other large investors have also recently bought and sold shares of MUR. Brooklyn Investment Group boosted its stake 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 acquiring an additional 1,157 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Murphy Oil by 1,710.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock worth $47,000 after purchasing an additional 1,574 shares during the last quarter. UMB Bank n.a. boosted its position in Murphy Oil by 148.1% during the 2nd quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 1,357 shares during the period. Allworth Financial LP grew its stake in Murphy Oil by 39.7% during the 2nd quarter. Allworth Financial LP now owns 2,440 shares of the oil and gas producer’s stock worth $55,000 after buying an additional 693 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Murphy Oil by 494.0% in the second quarter. Hantz Financial Services Inc. now owns 2,786 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 2,317 shares during the period. Institutional investors own 78.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Murphy Oil from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Scotiabank boosted their target price on shares of 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 decreased their target price on shares of Murphy Oil from $28.00 to $27.00 and set an “underweight” rating for the company in a research report on Tuesday, October 14th. Wall Street Zen upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Evercore ISI reduced their price target 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. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $28.50.

Murphy Oil Trading Down 3.2%

Shares of Murphy Oil stock opened at $29.49 on Tuesday. The business has a fifty day simple moving average of $28.21 and a 200-day simple moving average of $25.22. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $34.52. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 15.28 and a beta of 0.99. 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 (NYSE:MUR) last issued its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) EPS 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. On average, equities analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid 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 yield of 4.4%. Murphy Oil’s dividend payout ratio is currently 132.65%.

Murphy Oil Company 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.