Deutsche Bank AG Sells 11,175 Shares of Murphy Oil Corporation $MUR

Deutsche Bank AG trimmed its holdings in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 5.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,779 shares of the oil and gas producer's stock after selling 11,175 shares during the period. Deutsche Bank AG owned 0.13% of Murphy Oil worth $5,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Murphy Oil by 210.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,610,766 shares of the oil and gas producer's stock valued at $159,346,000 after buying an additional 3,805,565 shares during the period. LSV Asset Management increased its stake in shares of Murphy Oil by 29.4% in the 1st quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer's stock valued at $103,178,000 after buying an additional 825,746 shares during the period. Northern Trust Corp increased its stake in shares of Murphy Oil by 5.1% in the 4th quarter. Northern Trust Corp now owns 2,234,585 shares of the oil and gas producer's stock valued at $67,619,000 after buying an additional 107,871 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Murphy Oil by 61.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,147,590 shares of the oil and gas producer's stock valued at $64,986,000 after buying an additional 821,427 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Murphy Oil by 8,530.7% in the 1st quarter. Pacer Advisors Inc. now owns 1,763,345 shares of the oil and gas producer's stock valued at $50,079,000 after buying an additional 1,742,914 shares during the period. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Trading Up 5.1%

Shares of NYSE:MUR traded up $1.1490 during midday trading on Friday, hitting $23.7590. The company had a trading volume of 683,286 shares, compared to its average volume of 2,880,356. Murphy Oil Corporation has a 12 month low of $18.94 and a 12 month high of $39.46. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 12.30 and a beta of 1.13. The firm has a fifty day simple moving average of $24.30 and a 200 day simple moving average of $24.09.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The business had revenue of $695.57 million for the quarter, compared to analyst estimates of $632.51 million. During the same period last year, the company earned $0.81 EPS. The firm's revenue was down 13.4% on a year-over-year basis. On average, analysts predict that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Monday, August 18th. Murphy Oil's dividend payout ratio (DPR) is currently 67.36%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MUR. Barclays lifted their target price on Murphy Oil from $22.00 to $23.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. Mizuho cut Murphy Oil from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $32.00 to $31.00 in a research note on Tuesday, May 13th. Piper Sandler lifted their target price on Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Scotiabank reissued a "sector perform" rating and issued a $26.00 target price (up from $22.00) on shares of Murphy Oil in a research note on Friday, July 11th. Finally, UBS Group lifted their target price on Murphy Oil from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $29.69.

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.