Murphy Oil Corporation $MUR Shares Sold by Swiss National Bank

Swiss National Bank lessened its holdings in shares of Murphy Oil Corporation (NYSE:MUR) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 259,000 shares of the oil and gas producer’s stock after selling 9,400 shares during the period. Swiss National Bank owned approximately 0.18% of Murphy Oil worth $5,828,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in shares of Murphy Oil by 3,989.7% during the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 1,157 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Murphy Oil by 1,710.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock valued at $47,000 after purchasing an additional 1,574 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Murphy Oil by 148.1% in the second quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 1,357 shares during the period. Allworth Financial LP boosted its holdings in Murphy Oil by 39.7% during the second quarter. Allworth Financial LP now owns 2,440 shares of the oil and gas producer’s stock worth $55,000 after buying an additional 693 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Murphy Oil by 494.0% during the second quarter. Hantz Financial Services Inc. now owns 2,786 shares of the oil and gas producer’s stock worth $63,000 after buying an additional 2,317 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $31.59 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The business’s fifty day moving average price is $29.14 and its two-hundred day moving average price is $25.87. The stock has a market cap of $4.51 billion, a PE ratio of 16.37 and a beta of 0.99. Murphy Oil Corporation has a one year low of $18.94 and a one year high of $34.52.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $440.08 million during the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. On average, analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, November 17th. Murphy Oil’s dividend payout ratio (DPR) is currently 132.65%.

Analyst Ratings Changes

MUR has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on shares of Murphy Oil from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Piper Sandler reaffirmed a “neutral” rating and issued a $34.00 price objective on shares of Murphy Oil in a research note on Tuesday, November 18th. Evercore ISI reduced their price objective on Murphy Oil from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Monday, October 6th. Zacks Research upgraded Murphy Oil from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Scotiabank raised their price target on Murphy Oil from $26.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Thirteen research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $28.50.

Murphy Oil Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.