Impact Capital Partners LLC Acquires New Holdings in Murphy Oil Co. (NYSE:MUR)

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

Several other hedge funds have also recently made changes to their positions in the company. Riverview Trust Co bought a new stake in Murphy Oil during the first quarter worth about $26,000. Rhumbline Advisers grew its holdings in shares of Murphy Oil by 1.7% in the first quarter. Rhumbline Advisers now owns 480,516 shares of the oil and gas producer's stock worth $13,647,000 after purchasing an additional 7,837 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Murphy Oil by 6,900.8% in the first quarter. GAMMA Investing LLC now owns 88,210 shares of the oil and gas producer's stock worth $2,505,000 after purchasing an additional 86,950 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Murphy Oil by 8.7% in the first quarter. Moody National Bank Trust Division now owns 42,345 shares of the oil and gas producer's stock worth $1,203,000 after buying an additional 3,374 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Murphy Oil by 177.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer's stock valued at $49,000 after buying an additional 1,104 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MUR has been the subject of a number of research analyst reports. Barclays dropped their price target on Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Friday, May 9th. Scotiabank dropped their target price on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Mizuho lowered shares of Murphy Oil from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $32.00 to $31.00 in a report on Tuesday, May 13th. Finally, Morgan Stanley decreased their target price on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $29.23.

Murphy Oil Stock Up 2.5%

Shares of NYSE:MUR traded up $0.61 on Wednesday, hitting $24.40. 2,816,715 shares of the company traded hands, compared to its average volume of 2,258,571. Murphy Oil Co. has a 52 week low of $18.95 and a 52 week high of $43.02. The stock has a 50 day simple moving average of $21.44 and a 200-day simple moving average of $26.33. The company has a market cap of $3.48 billion, a PE ratio of 9.08 and a beta of 1.09. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its 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 firm had revenue of $665.71 million for the quarter, compared to the consensus estimate of $684.89 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business's revenue was down 15.4% on a year-over-year basis. As a group, research analysts expect that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Friday, May 16th. Murphy Oil's dividend payout ratio is currently 50.00%.

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.