Cwm LLC Has $792,000 Holdings in Murphy Oil Corporation $MUR

Key Points

• Cwm LLC increased its holdings in Murphy Oil Corporation by 170.7%, owning 35,196 shares valued at $792,000 as of the latest filing.
• Several analysts have mixed opinions on Murphy Oil's stock; target prices vary with Mizuho setting it at $29.00 while Scotiabank increased it to $30.00.
• The company recently announced a quarterly dividend of $0.325 per share, with an annualized yield of 4.7%, to be paid on December 1st.

Cwm LLC raised its holdings in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 170.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,196 shares of the oil and gas producer's stock after purchasing an additional 22,195 shares during the period. Cwm LLC's holdings in Murphy Oil were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of MUR. Cerity Partners LLC increased its stake in Murphy Oil by 34.6% during the 1st quarter. Cerity Partners LLC now owns 12,893 shares of the oil and gas producer's stock worth $366,000 after purchasing an additional 3,317 shares in the last quarter. Jump Financial LLC grew its stake in shares of Murphy Oil by 489.1% during the 1st quarter. Jump Financial LLC now owns 399,104 shares of the oil and gas producer's stock worth $11,335,000 after acquiring an additional 331,355 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Murphy Oil by 146.5% during the 1st quarter. GAMMA Investing LLC now owns 3,106 shares of the oil and gas producer's stock worth $88,000 after acquiring an additional 1,846 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Murphy Oil by 14.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 214,258 shares of the oil and gas producer's stock worth $6,085,000 after acquiring an additional 26,563 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Murphy Oil by 11.4% during the 1st quarter. Hsbc Holdings PLC now owns 134,575 shares of the oil and gas producer's stock worth $3,851,000 after acquiring an additional 13,759 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MUR shares. Mizuho decreased their target price on shares of Murphy Oil from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Scotiabank raised their target price on shares of Murphy Oil from $26.00 to $30.00 and gave the company a "sector perform" rating in a research note on Thursday, October 9th. Zacks Research cut shares of Murphy Oil from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. Barclays raised their target price on shares of Murphy Oil from $22.00 to $23.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. Finally, UBS Group raised their target price on shares of Murphy Oil from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Murphy Oil currently has an average rating of "Reduce" and an average price target of $28.25.

Murphy Oil Stock Performance

NYSE:MUR opened at $27.41 on Thursday. The stock has a 50-day simple moving average of $26.61 and a two-hundred day simple moving average of $24.19. Murphy Oil Corporation has a 52-week low of $18.94 and a 52-week high of $34.52. 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 firm has a market capitalization of $3.91 billion, a PE ratio of 14.20 and a beta of 1.03.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The company had revenue of $440.08 million for the quarter. Analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a $0.325 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.7%. Murphy Oil's dividend payout ratio is 67.36%.

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.

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