U.S. Capital Wealth Advisors LLC Takes Position in Murphy Oil Corporation (NYSE:MUR)

U.S. Capital Wealth Advisors LLC bought a new position in Murphy Oil Corporation (NYSE:MUR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,000 shares of the oil and gas producer's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LSV Asset Management increased its holdings in shares of Murphy Oil by 4.3% in the 4th quarter. LSV Asset Management now owns 2,807,277 shares of the oil and gas producer's stock worth $84,948,000 after purchasing an additional 114,656 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Murphy Oil by 5.1% in the 4th quarter. Northern Trust Corp now owns 2,234,585 shares of the oil and gas producer's stock worth $67,619,000 after purchasing an additional 107,871 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Murphy Oil by 61.9% in the 4th quarter. Ameriprise Financial Inc. now owns 2,147,590 shares of the oil and gas producer's stock worth $64,986,000 after purchasing an additional 821,427 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Murphy Oil by 20.4% in the 4th quarter. American Century Companies Inc. now owns 1,674,590 shares of the oil and gas producer's stock worth $50,673,000 after purchasing an additional 283,695 shares in the last quarter. Finally, Cadence Bank increased its holdings in shares of Murphy Oil by 0.6% in the 4th quarter. Cadence Bank now owns 1,658,227 shares of the oil and gas producer's stock worth $50,178,000 after purchasing an additional 9,800 shares in the last quarter. Institutional investors own 78.31% of the company's stock.

Analysts Set New Price Targets

MUR has been the subject of a number of research analyst reports. UBS Group reduced their target price on Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Scotiabank lifted their price objective on Murphy Oil from $22.00 to $26.00 and gave the stock a "sector perform" rating in a report on Friday. Barclays lifted their price objective on Murphy Oil from $22.00 to $23.00 and gave the stock an "underweight" rating in a report on Monday, July 7th. KeyCorp reaffirmed a "sector weight" rating on shares of Murphy Oil in a report on Monday, April 21st. Finally, Morgan Stanley cut their price objective on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Murphy Oil presently has an average rating of "Hold" and a consensus target price of $29.46.

Murphy Oil Stock Performance

NYSE MUR traded up $0.27 on Friday, hitting $26.49. 1,821,533 shares of the company traded hands, compared to its average volume of 2,387,327. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 10.19 and a beta of 1.09. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 0.28. The business's 50 day moving average price is $22.97 and its 200-day moving average price is $25.37. Murphy Oil Corporation has a 52-week low of $18.95 and a 52-week high of $43.02.

Murphy Oil (NYSE:MUR - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $665.71 million for the quarter, compared to the consensus estimate of $684.89 million. Murphy Oil had a return on equity of 6.81% and a net margin of 13.47%. Murphy Oil's quarterly revenue was down 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. Equities analysts expect that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

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.