XTX Topco Ltd Makes New $1.13 Million Investment in Murphy Oil Corporation $MUR

XTX Topco Ltd acquired a new stake in shares of Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 50,316 shares of the oil and gas producer’s stock, valued at approximately $1,132,000.

A number of other institutional investors have also made changes to their positions in MUR. Brooklyn Investment Group boosted its position in Murphy Oil by 3,989.7% during the first 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Murphy Oil by 1,710.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock worth $47,000 after buying an additional 1,574 shares during 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 worth $51,000 after buying an additional 1,357 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Murphy Oil by 39.7% during the 2nd 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 during the period. Finally, Hantz Financial Services Inc. grew its stake 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 buying an additional 2,317 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on MUR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Murphy Oil in a research report on Wednesday, October 8th. Scotiabank lifted their price objective on Murphy Oil from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Mizuho boosted their price objective on Murphy Oil from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Evercore ISI lowered their target price on Murphy Oil from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Monday, October 6th. Finally, UBS Group lifted their price target on Murphy Oil from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Thirteen analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Murphy Oil currently has an average rating of “Reduce” and an average price target of $28.50.

Murphy Oil Stock Up 2.0%

NYSE MUR opened at $32.07 on Friday. Murphy Oil Corporation has a twelve month low of $18.94 and a twelve month high of $34.52. The stock has a market cap of $4.58 billion, a PE ratio of 16.62 and a beta of 0.99. The firm has a 50-day simple moving average of $29.05 and a 200 day simple moving average of $25.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84.

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

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 17th. Murphy Oil’s dividend payout ratio is presently 132.65%.

Murphy Oil Company 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.