US Bancorp DE Has $2.09 Million Stock Holdings in Murphy Oil Corporation (NYSE:MUR)

Key Points

• US Bancorp DE increased its stake in Murphy Oil Corporation by 33.2%, now owning approximately 73,640 shares worth about $2,091,000.
• Murphy Oil reported an earnings per share (EPS) of $0.27 for the last quarter, surpassing estimates of $0.21, despite a 13.4% decline in revenue year-over-year.
• Murphy Oil announced a dividend of $0.325 per share with an annual yield of 5.7%, reflecting a payout ratio of 50%.

US Bancorp DE lifted its stake in Murphy Oil Corporation (NYSE:MUR - Free Report) by 33.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,640 shares of the oil and gas producer's stock after acquiring an additional 18,346 shares during the period. US Bancorp DE owned 0.05% of Murphy Oil worth $2,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of Murphy Oil in the 1st quarter worth approximately $26,000. GeoWealth Management LLC acquired a new stake in shares of Murphy Oil in the 4th quarter worth approximately $39,000. Byrne Asset Management LLC acquired a new stake in Murphy Oil during the first quarter valued at approximately $44,000. MassMutual Private Wealth & Trust FSB lifted its stake 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 valued at $49,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Murphy Oil by 246.6% during the first 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. 78.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays increased 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. Morgan Stanley cut their target price on shares of Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a research note on Friday, May 23rd. KeyCorp reissued a "sector weight" rating on shares of Murphy Oil in a research note on Monday, April 21st. Scotiabank reissued 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. Finally, Johnson Rice lowered shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $29.46.

Murphy Oil Trading Up 3.0%

Shares of NYSE:MUR traded up $0.67 during mid-day trading on Tuesday, hitting $23.32. The stock had a trading volume of 529,367 shares, compared to its average volume of 2,918,469. 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 company has a market cap of $3.33 billion, a PE ratio of 12.08 and a beta of 1.13. Murphy Oil Corporation has a 12-month low of $18.94 and a 12-month high of $39.46. The company's 50 day moving average is $24.33 and its 200-day moving average is $24.33.

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

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 5.6%. The ex-dividend date is Monday, August 18th. Murphy Oil's dividend 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.