Fisher Asset Management LLC Has $31.74 Million Position in Murphy Oil Corporation $MUR

Fisher Asset Management LLC trimmed its position in shares of Murphy Oil Corporation (NYSE:MUR) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,117,152 shares of the oil and gas producer’s stock after selling 63,276 shares during the quarter. Fisher Asset Management LLC’s holdings in Murphy Oil were worth $31,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Murphy Oil by 67.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 440 shares during the last quarter. Allworth Financial LP increased its position in Murphy Oil by 39.7% in the 2nd quarter. Allworth Financial LP now owns 2,440 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 693 shares during the period. Hantz Financial Services Inc. increased its position in Murphy Oil by 494.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,786 shares of the oil and gas producer’s stock valued at $63,000 after acquiring an additional 2,317 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 3,095 shares during the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Murphy Oil by 11.9% during the second quarter. MAI Capital Management now owns 5,723 shares of the oil and gas producer’s stock worth $129,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Mizuho increased their price objective on Murphy Oil from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Roth Mkm reiterated a “neutral” rating on shares of Murphy Oil in a research report on Tuesday, January 6th. UBS Group reissued a “neutral” rating and issued a $30.00 price target on shares of Murphy Oil in a research note on Monday, February 2nd. Zacks Research lowered Murphy Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their target price on Murphy Oil from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Thirteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $29.42.

Murphy Oil Stock Up 0.1%

Shares of Murphy Oil stock opened at $34.87 on Wednesday. The stock’s 50-day moving average is $32.15 and its 200 day moving average is $29.81. Murphy Oil Corporation has a one year low of $18.94 and a one year high of $36.08. The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 48.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.77 and a quick ratio of 0.71.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.21. The firm had revenue of $613.08 million for the quarter, compared to analyst estimates of $650.90 million. Murphy Oil had a return on equity of 3.73% and a net margin of 3.83%.The company’s revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 earnings per share. Equities research analysts anticipate that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 17th were paid a dividend of $0.35 per share. This is a boost from Murphy Oil’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, February 17th. Murphy Oil’s payout ratio is currently 194.44%.

Murphy Oil 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.