Neo Ivy Capital Management Purchases New Shares in Murphy Oil Corporation $MUR

Neo Ivy Capital Management acquired a new stake in Murphy Oil Corporation (NYSE:MUR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,880 shares of the oil and gas producer’s stock, valued at approximately $451,000.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Murphy Oil by 67.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 440 shares in the last quarter. Allworth Financial LP grew its stake in shares of Murphy Oil by 39.7% in the second 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 worth $86,000 after acquiring an additional 3,095 shares during the period. Strs Ohio increased its position in Murphy Oil by 11.1% during the third quarter. Strs Ohio now owns 5,000 shares of the oil and gas producer’s stock worth $142,000 after acquiring an additional 500 shares during the period. Finally, MAI Capital Management raised its stake in Murphy Oil by 11.9% in the 2nd 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 in the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Price Performance

MUR stock opened at $34.67 on Monday. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 48.15 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. The company has a 50 day simple moving average of $32.33 and a 200 day simple moving average of $30.07. Murphy Oil Corporation has a 1 year low of $18.94 and a 1 year high of $36.08.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 3.83% and a return on equity of 3.73%. The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. Research analysts anticipate that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, February 17th. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.33. Murphy Oil’s dividend payout ratio is currently 194.44%.

Analyst Ratings Changes

A number of research firms have issued reports on MUR. Zacks Research downgraded shares of Murphy Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Morgan Stanley cut their target price on Murphy Oil from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Friday, January 23rd. Wall Street Zen upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Sunday. KeyCorp reiterated a “sector weight” rating on shares of Murphy Oil in a research note on Thursday, January 29th. Finally, UBS Group upped their price objective on Murphy Oil from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday. Thirteen research analysts have rated the stock with 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 “Reduce” and an average price target of $29.83.

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.