US Bancorp DE Cuts Stake in Murphy Oil Corporation $MUR

Key Points

• US Bancorp DE reduced its stake in Murphy Oil Corporation by 21.8% during the second quarter, selling 16,024 shares, leaving them with a total of 57,616 shares worth approximately $1,296,000.
• Various institutional investors have shown interest in Murphy Oil, with Cerity Partners LLC increasing their holdings by 34.6% and Jump Financial LLC growing theirs by an impressive 489.1% in the first quarter.
• Murphy Oil recently announced a quarterly dividend of $0.325 per share, set to be paid on December 1st, which represents an annualized yield of 4.8%.

US Bancorp DE reduced its position in Murphy Oil Corporation (NYSE:MUR - Free Report) by 21.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,616 shares of the oil and gas producer's stock after selling 16,024 shares during the quarter. US Bancorp DE's holdings in Murphy Oil were worth $1,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its holdings in Murphy Oil by 34.6% in the first quarter. Cerity Partners LLC now owns 12,893 shares of the oil and gas producer's stock worth $366,000 after purchasing an additional 3,317 shares during the last quarter. Jump Financial LLC grew its holdings in Murphy Oil by 489.1% in the first quarter. Jump Financial LLC now owns 399,104 shares of the oil and gas producer's stock worth $11,335,000 after purchasing an additional 331,355 shares during the last quarter. GAMMA Investing LLC grew its holdings in Murphy Oil by 146.5% in the first quarter. GAMMA Investing LLC now owns 3,106 shares of the oil and gas producer's stock worth $88,000 after purchasing an additional 1,846 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Murphy Oil by 14.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 214,258 shares of the oil and gas producer's stock worth $6,085,000 after purchasing an additional 26,563 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Murphy Oil by 11.4% in the first quarter. Hsbc Holdings PLC now owns 134,575 shares of the oil and gas producer's stock worth $3,851,000 after purchasing an additional 13,759 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MUR. Zacks Research downgraded shares of Murphy Oil from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. Scotiabank lifted their price objective on shares of Murphy Oil from $26.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 9th. Piper Sandler lifted their price objective on shares of Murphy Oil from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Evercore ISI lowered their price objective on shares of Murphy Oil from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Monday, October 6th. Finally, UBS Group lifted their price objective on shares of Murphy Oil from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Murphy Oil presently has an average rating of "Reduce" and an average target price of $28.25.

Murphy Oil Trading Down 2.2%

NYSE MUR opened at $27.20 on Friday. The company has a market capitalization of $3.88 billion, a PE ratio of 14.09 and a beta of 1.03. The company has a fifty day moving average of $26.25 and a 200 day moving average of $24.16. Murphy Oil Corporation has a 1 year low of $18.94 and a 1 year high of $34.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $440.08 million for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. Research 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 announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.325 per share. The ex-dividend date is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a yield of 4.8%. Murphy Oil's payout ratio is currently 67.36%.

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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