Savant Capital LLC Raises Holdings in Murphy Oil Corporation $MUR

Savant Capital LLC increased its position in shares of Murphy Oil Corporation (NYSE:MUR) by 66.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,226 shares of the oil and gas producer’s stock after buying an additional 4,880 shares during the period. Savant Capital LLC’s holdings in Murphy Oil were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MUR. Brooklyn Investment Group grew its holdings in Murphy Oil by 3,989.7% during the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock worth $34,000 after acquiring an additional 1,157 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 period. UMB Bank n.a. boosted its stake in shares of Murphy Oil by 148.1% during the second 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 in the last quarter. Hantz Financial Services Inc. increased its holdings in Murphy Oil by 494.0% during the second quarter. Hantz Financial Services Inc. now owns 2,786 shares of the oil and gas producer’s stock valued at $63,000 after buying an additional 2,317 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new stake in Murphy Oil during the first quarter worth $89,000. 78.31% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Trading Up 3.8%

Murphy Oil stock opened at $30.61 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The stock has a market cap of $4.37 billion, a PE ratio of 15.86 and a beta of 0.99. The stock has a 50-day moving average of $28.32 and a two-hundred day moving average of $25.29. Murphy Oil Corporation has a one year low of $18.94 and a one year high of $34.52.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $440.08 million for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. On average, research analysts anticipate that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a dividend of $0.325 per share. The ex-dividend date is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a yield of 4.2%. Murphy Oil’s dividend payout ratio is presently 132.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MUR. Wells Fargo & Company lifted their price target on Murphy Oil from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Wall Street Zen upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Murphy Oil in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on shares of Murphy Oil from $28.00 to $27.00 and set an “underweight” rating on the stock in a report on Tuesday, October 14th. Finally, Piper Sandler reiterated a “neutral” rating and set a $34.00 price objective on shares of Murphy Oil in a research note on Tuesday. Thirteen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $28.50.

About Murphy Oil

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.