Jupiter Topco LLC Buys Shares of 63,382 Murphy Oil Corporation $MUR

Jupiter Topco LLC bought a new position in Murphy Oil Corporation (NYSE:MUR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 63,382 shares of the oil and gas producer's stock, valued at approximately $2,065,000.

Other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC purchased a new position in Murphy Oil during the fourth quarter worth about $26,000. Leonteq Securities AG purchased a new stake in shares of Murphy Oil in the 1st quarter valued at approximately $29,000. Valued Wealth Advisors LLC grew its stake in shares of Murphy Oil by 14,700.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer's stock valued at $31,000 after buying an additional 735 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Murphy Oil by 72.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer's stock worth $53,000 after buying an additional 717 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Murphy Oil during the 2nd quarter worth approximately $54,000. Hedge funds and other institutional investors own 78.31% of the company's stock.

Murphy Oil Price Performance

Murphy Oil stock opened at $37.27 on Friday. The company's 50 day simple moving average is $35.71 and its 200-day simple moving average is $36.84. 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 Corporation has a 1 year low of $24.49 and a 1 year high of $43.34. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 18.45 and a beta of 0.50.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The company had revenue of $926.33 million during the quarter, compared to analyst estimates of $888.51 million. During the same quarter last year, the business posted $0.27 EPS. The firm's revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities research analysts expect that Murphy Oil Corporation will post 2.77 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 3.8%. Murphy Oil's dividend payout ratio is presently 69.31%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MUR shares. Wall Street Zen cut Murphy Oil from a "buy" rating to a "hold" rating in a report on Saturday, June 27th. KeyCorp cut their target price on Murphy Oil from $48.00 to $43.00 and set an "overweight" rating for the company in a research note on Thursday, August 13th. Scotiabank restated a "sector perform" rating and issued a $44.00 target price on shares of Murphy Oil in a research report on Wednesday, May 13th. Roth Capital reaffirmed a "neutral" rating and issued a $36.00 price target on shares of Murphy Oil in a research note on Thursday, May 7th. Finally, Barclays cut Murphy Oil from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $38.00 to $34.00 in a report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $37.25.

Murphy Oil Company Profile

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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