Impact Capital Partners LLC Invests $372,000 in Murphy Oil Co. (NYSE:MUR)

Impact Capital Partners LLC bought a new stake in shares of Murphy Oil Co. (NYSE:MUR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,106 shares of the oil and gas producer's stock, valued at approximately $372,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Huntington National Bank increased its stake in shares of Murphy Oil by 342.8% in the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 641 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of Murphy Oil in the 1st quarter worth $26,000. GeoWealth Management LLC purchased a new stake in shares of Murphy Oil in the 4th quarter worth $39,000. Lindbrook Capital LLC increased its stake in shares of Murphy Oil by 60.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 543 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Murphy Oil by 177.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer's stock worth $49,000 after purchasing an additional 1,104 shares in the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Stock Up 4.5%

NYSE MUR traded up $0.96 on Friday, hitting $22.50. The stock had a trading volume of 2,315,940 shares, compared to its average volume of 2,240,876. The business's fifty day moving average price is $21.59 and its 200 day moving average price is $26.47. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. Murphy Oil Co. has a 52-week low of $18.95 and a 52-week high of $43.02. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 8.36 and a beta of 1.09.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. The business had revenue of $665.71 million for the quarter, compared to analyst estimates of $684.89 million. During the same period in the previous year, the company earned $0.85 earnings per share. The business's revenue for the quarter was down 15.4% on a year-over-year basis. Equities research analysts anticipate that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.78%. The ex-dividend date was Friday, May 16th. Murphy Oil's dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Scotiabank dropped their price objective on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Piper Sandler dropped their price objective on shares of Murphy Oil from $35.00 to $30.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and lowered their price target for the company from $27.00 to $25.00 in a report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $29.23.

Murphy Oil 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.