Ieq Capital LLC Invests $723,000 in Murphy Oil Corporation $MUR

Ieq Capital LLC acquired a new stake in shares of Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,214 shares of the oil and gas producer’s stock, valued at approximately $723,000.

Several other institutional investors also recently bought and sold shares of MUR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Murphy Oil by 1.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer’s stock worth $2,387,000 after buying an additional 1,419 shares during the period. United Services Automobile Association bought a new position in shares of Murphy Oil in the 1st quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Murphy Oil by 22.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer’s stock worth $7,074,000 after purchasing an additional 45,841 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Murphy Oil by 9.8% during the 2nd quarter. Cetera Investment Advisers now owns 31,471 shares of the oil and gas producer’s stock worth $708,000 after purchasing an additional 2,819 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Murphy Oil by 437.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer’s stock valued at $86,000 after purchasing an additional 3,095 shares in the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen lowered Murphy Oil from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Mizuho raised shares of Murphy Oil to a “hold” rating in a research report on Friday, July 31st. UBS Group lowered their price target on shares of Murphy Oil from $41.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, August 7th. KeyCorp cut their price objective on shares of Murphy Oil from $48.00 to $43.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Murphy Oil from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Murphy Oil has a consensus rating of “Hold” and an average target price of $37.58.

Murphy Oil Stock Up 3.8%

Shares of MUR stock opened at $36.00 on Friday. Murphy Oil Corporation has a twelve month low of $24.31 and a twelve month high of $43.34. The stock has a market cap of $5.16 billion, a P/E ratio of 17.82 and a beta of 0.50. The stock has a 50 day moving average of $35.53 and a 200 day moving average of $36.71. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $926.33 million during the quarter, compared to analysts’ expectations of $888.51 million. Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%.The company’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. As a group, sell-side analysts expect that Murphy Oil Corporation will post 2.77 EPS for the current year.

Murphy Oil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Murphy Oil’s dividend payout ratio (DPR) is currently 69.31%.

Murphy Oil Company Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.