Wealth Enhancement Advisory Services LLC Has $932,000 Position in Murphy Oil Corporation $MUR

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Murphy Oil Corporation by 213.3%, reaching a value of $932,000, after acquiring additional shares in the second quarter.
• Several hedge funds, including Cerity Partners LLC and Jump Financial LLC, have also significantly increased their holdings in Murphy Oil, contributing to institutional investors owning 78.31% of the company's stock.
• Murphy Oil recently announced a quarterly dividend of $0.325 per share, reflecting an annualized yield of 4.5%, with the dividend payout ratio currently at 67.36%.

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 213.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,070 shares of the oil and gas producer's stock after acquiring an additional 25,919 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Murphy Oil were worth $932,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MUR. Cerity Partners LLC grew its holdings in shares of Murphy Oil by 34.6% during 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 shares of Murphy Oil by 489.1% during 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 shares of Murphy Oil by 146.5% during 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 shares of Murphy Oil by 14.2% during 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 shares of Murphy Oil by 11.4% during 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on MUR shares. Barclays increased their target price on Murphy Oil from $22.00 to $23.00 and gave the stock an "underweight" rating in a report on Monday, July 7th. Zacks Research lowered Murphy Oil from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. UBS Group upped their price target on Murphy Oil from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Wednesday, August 13th. Wells Fargo & Company set a $24.00 price target on Murphy Oil and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, Mizuho cut their price target on Murphy Oil from $31.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. One 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, the company currently has a consensus rating of "Reduce" and a consensus price target of $29.54.

Murphy Oil Price Performance

Murphy Oil stock opened at $29.20 on Friday. The firm has a market capitalization of $4.17 billion, a P/E ratio of 15.13 and a beta of 1.03. Murphy Oil Corporation has a 1 year low of $18.94 and a 1 year high of $36.62. The business has a 50-day moving average of $25.42 and a 200-day moving average of $24.07. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28.

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

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.5%. Murphy Oil's dividend payout ratio (DPR) is currently 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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