SG Americas Securities LLC Has $999,000 Stake in Murphy Oil Corporation $MUR

SG Americas Securities LLC reduced its stake in Murphy Oil Corporation (NYSE:MUR) by 80.2% during the 1st quarter, HoldingsChannel reports. The fund owned 24,215 shares of the oil and gas producer’s stock after selling 98,205 shares during the quarter. SG Americas Securities LLC’s holdings in Murphy Oil were worth $999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MUR. CIBC Private Wealth Group LLC bought a new position in Murphy Oil during the 4th quarter worth about $26,000. Torren Management LLC bought a new stake in shares of Murphy Oil in the fourth quarter valued at about $37,000. Farther Finance Advisors LLC lifted its holdings in shares of Murphy Oil by 72.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 717 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Murphy Oil by 437.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer’s stock valued at $86,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Murphy Oil by 245.4% during the fourth quarter. Covestor Ltd now owns 4,677 shares of the oil and gas producer’s stock worth $146,000 after buying an additional 3,323 shares during the period. 78.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Murphy Oil from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Zacks Research upgraded Murphy Oil from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Wells Fargo & Company upped their price target on Murphy Oil from $32.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Johnson Rice raised shares of Murphy Oil from a “hold” rating to an “accumulate” rating in a research note on Wednesday, March 25th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $36.00 price objective on shares of Murphy Oil in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.58.

Murphy Oil Trading Up 0.1%

Murphy Oil stock opened at $31.91 on Friday. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 54.08 and a beta of 0.52. The firm has a 50-day moving average of $37.45 and a 200-day moving average of $35.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.77. Murphy Oil Corporation has a one year low of $21.86 and a one year high of $43.34.

Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.The business had revenue of $732.35 million for the quarter, compared to the consensus estimate of $702.96 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. Murphy Oil’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts expect that Murphy Oil Corporation will post 3.13 earnings per share for the current fiscal year.

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.