Greenwich Wealth Management LLC Grows Holdings in Murphy Oil Corporation $MUR

Greenwich Wealth Management LLC increased its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 13.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,765 shares of the oil and gas producer’s stock after purchasing an additional 2,591 shares during the period. Greenwich Wealth Management LLC’s holdings in Murphy Oil were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Murphy Oil by 210.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,610,766 shares of the oil and gas producer’s stock worth $159,346,000 after purchasing an additional 3,805,565 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Murphy Oil by 72.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,812,267 shares of the oil and gas producer’s stock valued at $136,668,000 after buying an additional 2,029,685 shares during the period. AQR Capital Management LLC raised its holdings in shares of Murphy Oil by 111.6% in the 1st quarter. AQR Capital Management LLC now owns 2,157,707 shares of the oil and gas producer’s stock valued at $61,279,000 after buying an additional 1,137,882 shares during the period. American Century Companies Inc. lifted its stake in Murphy Oil by 44.9% during the 2nd quarter. American Century Companies Inc. now owns 3,068,290 shares of the oil and gas producer’s stock worth $69,037,000 after acquiring an additional 950,630 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Murphy Oil by 29.4% during the 1st quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer’s stock valued at $103,178,000 after acquiring an additional 825,746 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Analyst Upgrades and Downgrades

MUR has been the topic of a number of recent research reports. UBS Group boosted their price target on shares of Murphy Oil from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Mizuho upped their target price on shares of Murphy Oil from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Scotiabank increased their target price on shares of Murphy Oil from $26.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Piper Sandler restated a “neutral” rating and issued a $34.00 price target on shares of Murphy Oil in a research note on Tuesday, November 18th. Finally, Zacks Research raised Murphy Oil from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Thirteen investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Murphy Oil presently has an average rating of “Reduce” and a consensus target price of $28.50.

Murphy Oil Stock Up 2.0%

Shares of Murphy Oil stock opened at $32.07 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. Murphy Oil Corporation has a 52-week low of $18.94 and a 52-week high of $34.52. The company has a market capitalization of $4.58 billion, a P/E ratio of 16.62 and a beta of 0.99. The company has a 50 day moving average of $29.05 and a 200 day moving average of $25.80.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share for the quarter. The firm 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%. As a group, research analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

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

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.