Y Intercept Hong Kong Ltd Makes New Investment in Murphy Oil Corporation $MUR

Y Intercept Hong Kong Ltd purchased a new stake in Murphy Oil Corporation (NYSE:MUR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 42,309 shares of the oil and gas producer’s stock, valued at approximately $1,745,000.

Several other large investors have also modified their holdings of MUR. Baron Wealth Management LLC boosted its position in shares of Murphy Oil by 2.6% in the first quarter. Baron Wealth Management LLC now owns 12,118 shares of the oil and gas producer’s stock worth $500,000 after acquiring an additional 304 shares during the last quarter. Parallel Advisors LLC increased its position in Murphy Oil by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 11,091 shares of the oil and gas producer’s stock worth $347,000 after purchasing an additional 400 shares during the last quarter. Cetera Investment Advisers raised its stake in Murphy Oil by 0.9% during the fourth quarter. Cetera Investment Advisers now owns 45,662 shares of the oil and gas producer’s stock worth $1,427,000 after purchasing an additional 401 shares during the period. Empowered Funds LLC raised its stake in Murphy Oil by 0.9% during the fourth quarter. Empowered Funds LLC now owns 49,066 shares of the oil and gas producer’s stock worth $1,533,000 after purchasing an additional 418 shares during the period. Finally, Impact Capital Partners LLC boosted its holdings in shares of Murphy Oil by 2.9% in the 4th quarter. Impact Capital Partners LLC now owns 15,143 shares of the oil and gas producer’s stock valued at $473,000 after purchasing an additional 420 shares during the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MUR has been the subject of several research reports. KeyCorp raised shares of Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Thursday, June 4th. Mizuho increased their target price on Murphy Oil from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Jefferies Financial Group cut Murphy Oil from a “buy” rating to an “underperform” rating in a report on Thursday, June 4th. Wells Fargo & Company boosted their price target on Murphy Oil from $32.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Finally, Barclays upped their price target on Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Murphy Oil has an average rating of “Hold” and an average price target of $38.58.

Murphy Oil Trading Down 2.6%

Shares of MUR stock opened at $33.70 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. Murphy Oil Corporation has a fifty-two week low of $21.86 and a fifty-two week high of $43.34. The firm’s 50 day moving average price is $36.95 and its two-hundred day moving average price is $35.55. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 57.13 and a beta of 0.52.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company had revenue of $732.35 million during the quarter, compared to analyst estimates of $702.96 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Murphy Oil Corporation will post 3.07 EPS for the current year.

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.