Algert Global LLC Makes New $1.50 Million Investment in Murphy Oil Corporation $MUR

Key Points

• Algert Global acquired 46,020 Murphy Oil shares in the second quarter, representing a new position valued at approximately $1.50 million. Institutional investors collectively own 78.31% of the company.
• Analysts maintain a generally neutral outlook, with Murphy Oil holding a consensus “Hold” rating and an average price target of $37.58; the stock recently opened at $35.67.
• Murphy Oil reported quarterly revenue of $926.33 million, up 33.5% year over year, but earnings of $1.55 per share narrowly missed estimates. The company declared a quarterly dividend of $0.35 per share, implying a 3.9% annualized yield.

Algert Global LLC acquired a new position in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 46,020 shares of the oil and gas producer's stock, valued at approximately $1,498,000.

Several other hedge funds also recently modified their holdings of MUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Murphy Oil by 1.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer's stock worth $2,387,000 after purchasing an additional 1,419 shares in the last quarter. United Services Automobile Association bought a new position in Murphy Oil in the first quarter worth approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Murphy Oil by 22.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer's stock valued at $7,074,000 after acquiring an additional 45,841 shares during the period. Cetera Investment Advisers grew its stake in Murphy Oil by 9.8% in the second quarter. Cetera Investment Advisers now owns 31,471 shares of the oil and gas producer's stock valued at $708,000 after acquiring an additional 2,819 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Murphy Oil by 437.8% during 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 acquiring an additional 3,095 shares in the last quarter. Institutional investors own 78.31% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MUR shares. Mizuho raised Murphy Oil to a "hold" rating in a research report on Friday, July 31st. Morgan Stanley reissued an "underweight" rating and issued a $36.00 price target on shares of Murphy Oil in a research report on Wednesday, August 19th. Roth Capital restated a "neutral" rating and set a $36.00 price target on shares of Murphy Oil in a research note on Thursday, May 7th. Weiss Ratings restated a "hold (c)" rating on shares of Murphy Oil in a report on Wednesday, June 24th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $44.00 price objective on shares of Murphy Oil in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Murphy Oil presently has an average rating of "Hold" and a consensus target price of $37.58.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $35.67 on Friday. 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 stock's fifty day simple moving average is $35.56 and its two-hundred day simple moving average is $36.70. Murphy Oil Corporation has a 1-year low of $24.49 and a 1-year high of $43.34. The stock has a market cap of $5.11 billion, a PE ratio of 17.66 and a beta of 0.50.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.02). Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The firm had revenue of $926.33 million for the quarter, compared to analysts' expectations of $888.51 million. During the same period in the prior year, the firm earned $0.27 earnings per share. Murphy Oil's revenue was up 33.5% compared to the same quarter last year. As a group, analysts forecast that Murphy Oil Corporation will post 2.77 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.9%. Murphy Oil's dividend payout ratio (DPR) is currently 69.31%.

About Murphy Oil

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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