571,928 Shares in Murphy Oil Corporation $MUR Purchased by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management purchased 571,928 Murphy Oil shares worth approximately $18.6 million, representing a 0.40% stake. Institutional investors and hedge funds collectively own 78.31% of the company.
• Analyst sentiment remains cautious, with Murphy Oil holding an average “Hold” rating and a consensus price target of $37.58; recent targets range from $34 to $44.
• Murphy Oil reported quarterly revenue of $926.33 million, exceeding expectations, though adjusted earnings of $1.55 per share narrowly missed estimates. The company also declared a quarterly dividend of $0.35, implying a 3.8% annualized yield.

Tocqueville Asset Management L.P. purchased a new stake in Murphy Oil Corporation (NYSE:MUR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 571,928 shares of the oil and gas producer's stock, valued at approximately $18,622,000. Tocqueville Asset Management L.P. owned 0.40% of Murphy Oil at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CIBC Private Wealth Group LLC acquired a new position in Murphy Oil in the 4th quarter worth about $26,000. Leonteq Securities AG acquired a new stake in shares of Murphy Oil in the first quarter valued at about $29,000. Valued Wealth Advisors LLC lifted its stake in Murphy Oil by 14,700.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 735 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $37,000. Finally, Farther Finance Advisors LLC grew its position 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. Institutional investors and hedge funds own 78.31% of the company's stock.

Analysts Set New Price Targets

MUR has been the topic of a number of analyst reports. UBS Group reduced their price objective on Murphy Oil from $41.00 to $38.00 and set a "neutral" rating on the stock in a research report on Friday, August 7th. Mizuho upgraded Murphy Oil to a "hold" rating in a report on Friday, July 31st. Roth Capital reaffirmed a "neutral" rating and issued a $36.00 target price on shares of Murphy Oil in a research note on Thursday, May 7th. Barclays downgraded Murphy Oil from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $38.00 to $34.00 in a research note on Friday, August 14th. Finally, Scotiabank reissued a "sector perform" rating and set a $44.00 price target on shares of Murphy Oil in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.58.

Murphy Oil Price Performance

MUR stock opened at $36.84 on Thursday. The business's fifty day moving average price is $35.57 and its 200 day moving average price is $36.48. Murphy Oil Corporation has a 12-month low of $21.86 and a 12-month high of $43.34. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.28 billion, a PE ratio of 18.24 and a beta of 0.50.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). The firm had revenue of $926.33 million for the quarter, compared to analysts' expectations of $888.51 million. Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The business's revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. On average, sell-side analysts anticipate that Murphy Oil Corporation will post 2.98 EPS for the current year.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. Murphy Oil's payout ratio is 69.31%.

Murphy Oil Company 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.

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