CI Investments Inc. Buys 50,216 Shares of Murphy Oil Corporation $MUR

CI Investments Inc. lifted its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 160.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,513 shares of the oil and gas producer’s stock after acquiring an additional 50,216 shares during the period. CI Investments Inc.’s holdings in Murphy Oil were worth $3,362,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC acquired a new position in shares of Murphy Oil during the fourth quarter valued at about $26,000. Leonteq Securities AG acquired a new stake in shares of Murphy Oil in the 1st quarter valued at about $29,000. Valued Wealth Advisors LLC grew its stake in shares of Murphy Oil by 14,700.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 735 shares during the period. Torren Management LLC bought a new stake in Murphy Oil in the 4th quarter valued at about $37,000. Finally, Farther Finance Advisors LLC raised its stake 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 buying an additional 717 shares during the period. 78.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp upgraded Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 price target on the stock in a report on Thursday, June 4th. Wall Street Zen downgraded Murphy Oil from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Wells Fargo & Company upped their target price on Murphy Oil from $32.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Barclays increased their target price on Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Finally, Roth Capital reissued a “neutral” rating and issued a $36.00 price target on shares of Murphy Oil in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.33.

Murphy Oil Trading Up 1.6%

MUR opened at $39.38 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.77. Murphy Oil Corporation has a fifty-two week low of $21.86 and a fifty-two week high of $43.34. The firm has a market capitalization of $5.65 billion, a PE ratio of 66.75 and a beta of 0.52. The company’s 50-day moving average is $36.34 and its 200 day moving average is $35.89.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $732.35 million during the quarter, compared to the consensus estimate of $702.96 million. Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. As a group, research analysts predict that Murphy Oil Corporation will post 3.09 earnings per share for the current fiscal year.

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.