Sequoia Financial Advisors LLC Makes New $469,000 Investment in Murphy Oil Corporation $MUR

Key Points

• Sequoia Financial Advisors LLC has invested approximately $469,000 in Murphy Oil Corporation, acquiring 20,851 shares during the second quarter.
• Murphy Oil recently announced a quarterly dividend of $0.325 per share, with a yield of 4.7%, reflecting a dividend payout ratio of 67.36%.
• Analysts have mixed opinions on Murphy Oil's stock, with target price fluctuations and ratings ranging from "Buy" to "Sell," currently averaging a target price of $28.08.

Sequoia Financial Advisors LLC bought a new position in Murphy Oil Corporation (NYSE:MUR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,851 shares of the oil and gas producer's stock, valued at approximately $469,000.

Other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group increased its position in shares of 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 valued at $34,000 after purchasing an additional 1,157 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 valued at $47,000 after purchasing an additional 1,574 shares during the last quarter. Allworth Financial LP increased its position in shares of Murphy Oil by 246.6% during the 1st quarter. Allworth Financial LP now owns 1,747 shares of the oil and gas producer's stock valued at $50,000 after purchasing an additional 1,243 shares during the last quarter. UMB Bank n.a. increased its position in shares of Murphy Oil by 148.1% during the 2nd quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer's stock valued at $51,000 after purchasing an additional 1,357 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Murphy Oil by 146.5% during the 1st quarter. GAMMA Investing LLC now owns 3,106 shares of the oil and gas producer's stock valued at $88,000 after purchasing an additional 1,846 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Trading Down 0.9%

NYSE MUR opened at $27.63 on Tuesday. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $34.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The stock has a 50 day simple moving average of $26.45 and a two-hundred day simple moving average of $24.15. The stock has a market cap of $3.94 billion, a P/E ratio of 14.32 and a beta of 1.03.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The business had revenue of $440.08 million during the quarter. On average, analysts forecast that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.325 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.30 annualized dividend and a yield of 4.7%. Murphy Oil's dividend payout ratio (DPR) is 67.36%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MUR shares. Piper Sandler increased their price objective on Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Evercore ISI dropped their target price on Murphy Oil from $23.00 to $22.00 and set an "in-line" rating for the company in a report on Monday, October 6th. Mizuho dropped their target price on Murphy Oil from $31.00 to $29.00 and set a "neutral" rating for the company in a report on Monday, September 15th. UBS Group increased their target price on Murphy Oil from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Murphy Oil in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $28.08.

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.

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