United Capital Financial Advisors LLC Buys New Holdings in Murphy Oil Corporation $MUR

United Capital Financial Advisors LLC purchased a new stake in shares of Murphy Oil Corporation (NYSE:MUR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,772 shares of the oil and gas producer’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at about $26,000. Leonteq Securities AG purchased a new stake in shares of Murphy Oil during the 1st quarter worth about $29,000. Valued Wealth Advisors LLC increased its position in Murphy Oil by 14,700.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 735 shares in the last quarter. Farther Finance Advisors LLC increased its position in Murphy Oil by 72.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 717 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Murphy Oil in the second quarter valued at approximately $54,000. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Trading Up 2.1%

NYSE:MUR opened at $36.38 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85. Murphy Oil Corporation has a one year low of $24.49 and a one year high of $43.34. The business’s 50-day simple moving average is $35.60 and its 200 day simple moving average is $36.76. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 18.01 and a beta of 0.50.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The business had revenue of $926.33 million for the quarter, compared to analyst estimates of $888.51 million. During the same quarter last year, the business earned $0.27 EPS. Murphy Oil’s revenue for the quarter was up 33.5% compared to the same quarter last year. As a group, sell-side analysts predict that Murphy Oil Corporation will post 2.77 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 17th. Murphy Oil’s payout ratio is 69.31%.

Wall Street Analysts Forecast Growth

MUR has been the topic of a number of recent research reports. Jefferies Financial Group cut shares of Murphy Oil from a “buy” rating to an “underperform” rating in a research report on Thursday, June 4th. Roth Capital reissued a “neutral” rating and issued a $36.00 target price on shares of Murphy Oil in a research note on Thursday, May 7th. Scotiabank restated a “sector perform” rating and set a $44.00 target price on shares of Murphy Oil in a report on Wednesday, May 13th. KeyCorp reduced their target price on shares of Murphy Oil from $48.00 to $43.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy Oil in a research report on Wednesday, June 24th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Murphy Oil currently has a consensus rating of “Hold” and a consensus price target of $37.58.

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.