Murphy Oil Corporation $MUR Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its investment in Murphy Oil Corporation by 489.1%, owning approximately $11.34 million worth of stock as of the latest SEC filing.
• Several large institutional investors have also ramped up their stakes in Murphy Oil, including Pacer Advisors Inc. with a staggering 8,530.7% increase during the same period.
• Analysts have mixed opinions on Murphy Oil's stock, with a consensus rating of "Reduce" and an average price target of $29.69, reflecting varying outlooks among research firms.

Jump Financial LLC grew its holdings in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 489.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 399,104 shares of the oil and gas producer's stock after buying an additional 331,355 shares during the period. Jump Financial LLC owned 0.28% of Murphy Oil worth $11,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in Murphy Oil during the 1st quarter worth about $26,000. Brooklyn Investment Group lifted its position in Murphy Oil by 3,989.7% during the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer's stock worth $34,000 after acquiring an additional 1,157 shares during the period. GeoWealth Management LLC acquired a new stake in Murphy Oil during the 4th quarter worth approximately $39,000. Byrne Asset Management LLC acquired a new stake in Murphy Oil during the 1st quarter worth approximately $44,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Murphy Oil by 1,710.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer's stock worth $47,000 after buying an additional 1,574 shares in the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Price Performance

NYSE:MUR traded up $0.09 during trading hours on Thursday, reaching $24.75. 1,672,933 shares of the company traded hands, compared to its average volume of 2,865,954. The firm's 50-day moving average is $24.22 and its 200-day moving average is $24.03. The stock has a market cap of $3.53 billion, a P/E ratio of 12.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77. Murphy Oil Corporation has a 1-year low of $18.94 and a 1-year high of $38.08.

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

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a dividend of $0.325 per share. The ex-dividend date is Monday, August 18th. This represents a $1.30 annualized dividend and a dividend yield of 5.3%. Murphy Oil's dividend payout ratio (DPR) is 67.36%.

Wall Street Analyst Weigh In

MUR has been the subject of a number of analyst reports. UBS Group increased their target price on Murphy Oil from $23.00 to $24.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Mizuho downgraded Murphy Oil from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $32.00 to $31.00 in a research note on Tuesday, May 13th. Wells Fargo & Company set a $24.00 price objective on Murphy Oil and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Piper Sandler raised their price objective on Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $26.00 price objective (up from $22.00) on shares of Murphy Oil in a research note on Friday, July 11th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $29.69.

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.