Jump Financial LLC Grows Position in Murphy Oil Corporation $MUR

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 increased its stake in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 489.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 399,104 shares of the oil and gas producer's stock after purchasing an additional 331,355 shares during the period. Jump Financial LLC owned approximately 0.28% of Murphy Oil worth $11,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MUR. Riverview Trust Co purchased a new position in shares of Murphy Oil during the first quarter valued at approximately $26,000. Brooklyn Investment Group raised its holdings in shares of Murphy Oil by 3,989.7% during the first quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer's stock valued at $34,000 after purchasing an additional 1,157 shares during the last quarter. GeoWealth Management LLC purchased a new position in shares of Murphy Oil during the fourth quarter valued at approximately $39,000. Byrne Asset Management LLC purchased a new position in shares of Murphy Oil during the first quarter valued at approximately $44,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Murphy Oil by 1,710.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer's stock valued at $47,000 after buying an additional 1,574 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MUR has been the subject of a number of analyst reports. Johnson Rice cut shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a research note on Wednesday, May 21st. Scotiabank reaffirmed a "sector perform" rating and set a $26.00 target price (up from $22.00) on shares of Murphy Oil in a research note on Friday, July 11th. Wells Fargo & Company set a $24.00 target price on shares of Murphy Oil and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Piper Sandler raised their target price on shares of Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Barclays raised their target price on shares of Murphy Oil from $22.00 to $23.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Murphy Oil has an average rating of "Reduce" and a consensus target price of $29.69.

Murphy Oil Stock Up 0.6%

Shares of NYSE:MUR traded up $0.15 during trading hours on Friday, hitting $24.90. The company's stock had a trading volume of 426,655 shares, compared to its average volume of 2,851,741. The firm's fifty day moving average price is $24.21 and its 200 day moving average price is $24.01. 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 52 week low of $18.94 and a 52 week high of $38.08. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 12.90 and a beta of 1.13.

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

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Monday, August 18th. Murphy Oil's payout ratio is currently 67.36%.

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.