Segall Bryant & Hamill LLC Reduces Stock Holdings in Murphy Oil Corporation $MUR

Segall Bryant & Hamill LLC lowered its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 4.7% during the first quarter, Holdings Channel reports. The firm owned 886,984 shares of the oil and gas producer’s stock after selling 43,726 shares during the period. Segall Bryant & Hamill LLC’s holdings in Murphy Oil were worth $36,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Murphy Oil by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer’s stock valued at $2,387,000 after buying an additional 1,419 shares in the last quarter. United Services Automobile Association acquired a new stake in Murphy Oil during the 1st quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Murphy Oil by 22.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer’s stock valued at $7,074,000 after acquiring an additional 45,841 shares during the last quarter. Cetera Investment Advisers lifted its position in Murphy Oil by 9.8% in the second quarter. Cetera Investment Advisers now owns 31,471 shares of the oil and gas producer’s stock valued at $708,000 after acquiring an additional 2,819 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Murphy Oil by 437.8% in the second quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer’s stock valued at $86,000 after acquiring an additional 3,095 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Analysts Set New Price Targets

MUR has been the topic of several research reports. Wall Street Zen lowered Murphy Oil from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Roth Capital reissued a “neutral” rating and issued a $36.00 target price on shares of Murphy Oil in a report on Thursday, May 7th. Scotiabank reissued a “sector perform” rating and issued a $44.00 target price on shares of Murphy Oil in a report on Wednesday, May 13th. Jefferies Financial Group cut Murphy Oil from a “buy” rating to an “underperform” rating in a research report on Thursday, June 4th. Finally, Morgan Stanley dropped their price target on Murphy Oil from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Monday, June 29th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.33.

Murphy Oil Stock Up 4.0%

MUR stock opened at $39.76 on Friday. The company has a fifty day moving average price of $36.22 and a 200 day moving average price of $36.15. Murphy Oil Corporation has a 12 month low of $21.86 and a 12 month high of $43.34. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 67.38 and a beta of 0.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The firm had revenue of $732.35 million during the quarter, compared to analysts’ expectations of $702.96 million. During the same quarter in the prior year, the business earned $0.56 EPS. Murphy Oil’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts expect that Murphy Oil Corporation will post 3.13 earnings per share for the current year.

Murphy Oil Company 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.