Murphy Oil Corporation (NYSE:MUR) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 14.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 214,258 shares of the oil and gas producer's stock after acquiring an additional 26,563 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.15% of Murphy Oil worth $6,085,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its position in Murphy Oil by 32.9% during the fourth quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 471 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Murphy Oil by 2.8% in the 1st quarter. Fifth Third Bancorp now owns 18,060 shares of the oil and gas producer's stock valued at $513,000 after purchasing an additional 499 shares during the last quarter. Lindbrook Capital LLC boosted its holdings 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 valued at $44,000 after purchasing an additional 543 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Murphy Oil by 32.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock valued at $69,000 after purchasing an additional 565 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Murphy Oil by 2.9% in the 4th quarter. Xponance Inc. now owns 19,916 shares of the oil and gas producer's stock valued at $603,000 after purchasing an additional 570 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company's stock.

Murphy Oil Stock Down 0.7%

Shares of NYSE:MUR traded down $0.16 during midday trading on Friday, hitting $22.96. 2,651,504 shares of the company's stock traded hands, compared to its average volume of 2,342,465. Murphy Oil Corporation has a twelve month low of $18.95 and a twelve month high of $43.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.69 and a current ratio of 0.76. The company has a market cap of $3.28 billion, a PE ratio of 8.83 and a beta of 1.09. The firm's fifty day moving average price is $22.25 and its two-hundred day moving average price is $25.65.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. Murphy Oil had a net margin of 13.47% and a return on equity of 6.81%. The firm had revenue of $665.71 million for the quarter, compared to analyst estimates of $684.89 million. During the same quarter in the previous year, the business posted $0.85 EPS. The firm's revenue was down 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were issued a $0.325 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a yield of 5.66%. Murphy Oil's dividend payout ratio is currently 50.00%.

Analyst Ratings Changes

MUR has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on shares of Murphy Oil from $35.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Johnson Rice lowered shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday, May 21st. UBS Group decreased their price target on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Roth Capital lowered shares of Murphy Oil from a "buy" rating to a "neutral" rating and decreased their price target for the company from $27.00 to $25.00 in a report on Thursday, May 15th. Finally, Morgan Stanley decreased their price target on shares of Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $29.08.

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.