Murphy Oil Corporation $MUR Stock Position Reduced by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its holdings in Murphy Oil Corporation (NYSE:MUR) by 45.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the oil and gas producer’s stock after selling 16,452 shares during the quarter. International Assets Investment Management LLC’s holdings in Murphy Oil were worth $740,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MUR. Citizens Financial Group Inc. RI acquired a new stake in Murphy Oil during the 3rd quarter worth about $375,000. Evergreen Capital Management LLC acquired a new position in shares of Murphy Oil in the 3rd quarter valued at about $204,000. Compass Wealth Management LLC purchased a new stake in shares of Murphy Oil in the third quarter worth about $46,000. Root Financial Partners LLC acquired a new stake in Murphy Oil during the third quarter worth about $44,000. Finally, Crossmark Global Holdings Inc. grew its holdings in Murphy Oil by 38.7% during the third quarter. Crossmark Global Holdings Inc. now owns 11,990 shares of the oil and gas producer’s stock worth $444,000 after acquiring an additional 3,344 shares during the period. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MUR. UBS Group lifted their price target on Murphy Oil from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. Weiss Ratings raised shares of Murphy Oil from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. KeyCorp lifted their target price on shares of Murphy Oil from $43.00 to $47.00 and gave the company an “overweight” rating in a report on Tuesday, September 15th. The Goldman Sachs Group lifted their target price on shares of Murphy Oil from $36.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th. Finally, Mizuho boosted their target price on shares of Murphy Oil from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.75.

Murphy Oil Stock Down 8.9%

Shares of MUR opened at $35.96 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.29. Murphy Oil Corporation has a 12 month low of $26.49 and a 12 month high of $45.03. The stock’s 50 day moving average is $38.83 and its two-hundred day moving average is $36.86. The firm has a market cap of $5.16 billion, a P/E ratio of 17.80 and a beta of 0.52.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, November 4th. The oil and gas producer reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.17. Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%. The business had revenue of $849.17 million during the quarter, compared to analysts’ expectations of $781.53 million. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts predict that Murphy Oil Corporation will post 3.68 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.35 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.9%. Murphy Oil’s dividend payout ratio (DPR) is 69.31%.

Murphy Oil Company Profile

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.