Oppenheimer Asset Management Inc. Purchases 22,222 Shares of Murphy Oil Corporation $MUR

Oppenheimer Asset Management Inc. boosted its position in shares of Murphy Oil Corporation (NYSE:MUR) by 10.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 236,480 shares of the oil and gas producer’s stock after buying an additional 22,222 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Murphy Oil were worth $5,321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mustard Seed Financial LLC raised its holdings in Murphy Oil by 2.9% during the 1st quarter. Mustard Seed Financial LLC now owns 17,861 shares of the oil and gas producer’s stock valued at $507,000 after buying an additional 500 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Murphy Oil by 3.2% during the 1st quarter. Penserra Capital Management LLC now owns 17,367 shares of the oil and gas producer’s stock valued at $493,000 after buying an additional 532 shares during the last quarter. Fifth Third Bancorp raised its holdings in Murphy Oil by 5.8% during the 2nd quarter. Fifth Third Bancorp now owns 19,114 shares of the oil and gas producer’s stock valued at $430,000 after buying an additional 1,054 shares during the last quarter. Cresset Asset Management LLC raised its holdings in Murphy Oil by 4.4% in the 1st quarter. Cresset Asset Management LLC now owns 26,830 shares of the oil and gas producer’s stock worth $762,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Murphy Oil by 3,989.7% in the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 1,157 shares during the period. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Stock Down 0.8%

Shares of Murphy Oil stock opened at $28.70 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77. The company has a 50-day moving average of $26.98 and a 200 day moving average of $24.40. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 14.87 and a beta of 1.03. Murphy Oil Corporation has a 1 year low of $18.94 and a 1 year high of $34.52.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $440.08 million during the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%. As a group, sell-side analysts anticipate that Murphy Oil Corporation will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, November 17th. Murphy Oil’s dividend payout ratio (DPR) is presently 67.36%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company dropped their target price on shares of Murphy Oil from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Evercore ISI dropped their target price on shares of 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Murphy Oil in a research report on Wednesday, October 8th. Finally, Scotiabank raised their target price on shares of Murphy Oil from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $28.25.

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.