Corigliano Investment Advisers LLC Acquires New Position in Murphy Oil Co. (NYSE:MUR)

Corigliano Investment Advisers LLC bought a new stake in shares of Murphy Oil Co. (NYSE:MUR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 364,271 shares of the oil and gas producer's stock, valued at approximately $11,023,000. Murphy Oil makes up 5.3% of Corigliano Investment Advisers LLC's holdings, making the stock its 6th largest position. Corigliano Investment Advisers LLC owned 0.25% of Murphy Oil as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Cerity Partners LLC boosted its position in shares of Murphy Oil by 18.6% during the fourth quarter. Cerity Partners LLC now owns 9,576 shares of the oil and gas producer's stock valued at $304,000 after buying an additional 1,503 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Murphy Oil by 17.9% in the fourth quarter. Foundry Partners LLC now owns 227,680 shares of the oil and gas producer's stock worth $6,890,000 after buying an additional 34,620 shares during the period. Bank of New York Mellon Corp increased its holdings in Murphy Oil by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer's stock worth $56,214,000 after acquiring an additional 13,263 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Murphy Oil during the 4th quarter worth approximately $618,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Murphy Oil in the fourth quarter worth approximately $678,000. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MUR shares. KeyCorp reaffirmed a "sector weight" rating on shares of Murphy Oil in a report on Monday, April 21st. UBS Group cut their target price on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Roth Capital set a $37.00 price target on Murphy Oil in a report on Thursday, January 23rd. Morgan Stanley set a $27.00 price objective on shares of Murphy Oil and gave the company an "underweight" rating in a report on Tuesday, April 15th. Finally, Piper Sandler boosted their target price on shares of Murphy Oil from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $32.08.

Murphy Oil Trading Up 2.2 %

Shares of NYSE:MUR traded up $0.47 during trading on Friday, hitting $21.85. The company had a trading volume of 3,089,930 shares, compared to its average volume of 2,169,246. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 8.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. The company has a fifty day simple moving average of $23.53 and a two-hundred day simple moving average of $27.94. Murphy Oil Co. has a one year low of $18.95 and a one year high of $44.73.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The company had revenue of $665.71 million during the quarter, compared to analyst estimates of $684.89 million. During the same period in the previous year, the firm earned $0.85 earnings per share. Murphy Oil's quarterly revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts forecast that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.95%. The ex-dividend date is Friday, May 16th. Murphy Oil's payout ratio is currently 50.00%.

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.