TMB Capital Partners LLC Takes Position in Murphy Oil Corporation $MUR

TMB Capital Partners LLC purchased a new stake in Murphy Oil Corporation (NYSE:MUR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 25,869 shares of the oil and gas producer’s stock, valued at approximately $808,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its position in Murphy Oil by 137.1% during the 4th quarter. Corient Private Wealth LLC now owns 32,972 shares of the oil and gas producer’s stock valued at $995,000 after purchasing an additional 19,067 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Murphy Oil by 11.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 18,768 shares of the oil and gas producer’s stock worth $586,000 after buying an additional 1,873 shares during the period. Vident Advisory LLC bought a new stake in shares of Murphy Oil during the fourth quarter worth approximately $1,125,000. Empowered Funds LLC lifted its holdings in Murphy Oil by 0.9% in the fourth quarter. Empowered Funds LLC now owns 49,066 shares of the oil and gas producer’s stock valued at $1,533,000 after buying an additional 418 shares during the period. Finally, XTX Topco Ltd acquired a new position in Murphy Oil in the fourth quarter valued at approximately $226,000. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MUR shares. Roth Mkm reaffirmed a “neutral” rating and set a $36.00 target price on shares of Murphy Oil in a report on Thursday, May 7th. Wells Fargo & Company increased their price target on Murphy Oil from $32.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, March 26th. UBS Group raised their price target on Murphy Oil from $43.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Zacks Research raised Murphy Oil from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Murphy Oil in a report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.75.

Murphy Oil Stock Down 2.9%

Shares of NYSE:MUR opened at $34.24 on Friday. The company has a 50 day moving average price of $38.42 and a two-hundred day moving average price of $35.41. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. The company has a market capitalization of $4.91 billion, a PE ratio of 58.03 and a beta of 0.50. Murphy Oil Corporation has a 52 week low of $21.86 and a 52 week high of $43.34.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company had revenue of $732.35 million for the quarter, compared to analysts’ expectations of $702.96 million. During the same period last year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Murphy Oil Corporation will post 3.48 earnings per share for the current year.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 4.1%. Murphy Oil’s payout ratio is currently 237.29%.

About Murphy Oil

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.