Paragon Capital Management Ltd Takes $204,000 Position in Murphy Oil Corporation $MUR

Key Points

• Paragon Capital Management Ltd has acquired a $204,000 stake in Murphy Oil Corporation, purchasing 9,078 shares of the oil and gas producer's stock during the second quarter.
• Murphy Oil recently reported earnings of $0.27 per share, exceeding analyst expectations, although revenue declined 13.4% year-over-year.
• The company announced a quarterly dividend of $0.325, resulting in an annualized dividend yield of 4.3%.

Paragon Capital Management Ltd bought a new stake in Murphy Oil Corporation (NYSE:MUR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,078 shares of the oil and gas producer's stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Murphy Oil during the first quarter worth $26,000. Brooklyn Investment Group grew its holdings in 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 worth $34,000 after acquiring an additional 1,157 shares during the period. Byrne Asset Management LLC acquired a new position in Murphy Oil during the first quarter worth $44,000. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 worth $47,000 after acquiring an additional 1,574 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Murphy Oil by 177.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer's stock worth $49,000 after acquiring an additional 1,104 shares during the period. Institutional investors and hedge funds own 78.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on MUR shares. UBS Group boosted their target price on Murphy Oil from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Scotiabank reiterated a "sector perform" rating and set a $26.00 target price (up from $22.00) on shares of Murphy Oil in a research report on Friday, July 11th. Mizuho decreased their target price on Murphy Oil from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Piper Sandler boosted their target price on Murphy Oil from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company set a $24.00 target price on Murphy Oil and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Murphy Oil currently has an average rating of "Reduce" and a consensus target price of $29.54.

Murphy Oil Stock Up 3.1%

Shares of NYSE:MUR opened at $30.06 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. Murphy Oil Corporation has a 52-week low of $18.94 and a 52-week high of $36.62. The stock's fifty day simple moving average is $25.14 and its 200-day simple moving average is $23.97. The company has a market capitalization of $4.29 billion, a P/E ratio of 15.58 and a beta of 1.15.

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

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, August 18th. Murphy Oil's dividend payout ratio (DPR) is 67.36%.

About Murphy Oil

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.

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