Deutsche Bank AG purchased a new stake in Murphy Oil Corporation (NYSE:MUR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 210,878 shares of the oil and gas producer's stock, valued at approximately $6,866,000. Deutsche Bank AG owned about 0.15% of Murphy Oil at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Murphy Oil in the 2nd quarter valued at about $54,000. Bank of New York Mellon Corp bought a new position in Murphy Oil during the second quarter worth about $49,681,000. State of Wyoming bought a new position in Murphy Oil during the second quarter worth about $134,000. Oppenheimer Asset Management Inc. acquired a new position in Murphy Oil during the second quarter worth approximately $7,178,000. Finally, Parallel Advisors LLC increased its position in Murphy Oil by 20.9% during the first quarter. Parallel Advisors LLC now owns 13,404 shares of the oil and gas producer's stock worth $553,000 after buying an additional 2,313 shares during the last quarter. Institutional investors own 78.31% of the company's stock.
Murphy Oil Trading Down 3.7%
Shares of MUR stock opened at $36.01 on Tuesday. The stock's fifty day moving average price is $35.53 and its two-hundred day moving average price is $36.63. The company has a market cap of $5.16 billion, a PE ratio of 17.83 and a beta of 0.50. Murphy Oil Corporation has a fifty-two week low of $23.56 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.
Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly 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). Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The business had revenue of $926.33 million for the quarter, compared to analyst estimates of $888.51 million. During the same period last year, the firm posted $0.27 EPS. Murphy Oil's quarterly revenue was up 33.5% on a year-over-year basis. Equities analysts predict that Murphy Oil Corporation will post 2.77 EPS for the current fiscal year.
Murphy Oil Announces Dividend
The firm 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Murphy Oil's payout ratio is currently 69.31%.
Analyst Ratings Changes
MUR has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Murphy Oil from $41.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday, August 7th. Barclays lowered Murphy Oil from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $38.00 to $34.00 in a report on Friday, August 14th. Mizuho upgraded Murphy Oil to a "hold" rating in a research note on Friday, July 31st. Scotiabank reaffirmed a "sector perform" rating and set a $44.00 price target on shares of Murphy Oil in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Murphy Oil from a "buy" rating to a "hold" rating in a research report on Saturday, June 27th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.58.
View Our Latest Analysis on MUR
About Murphy Oil
(
Free Report)
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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