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

Neo Ivy Capital Management purchased a new stake in Murphy Oil Corporation (NYSE:MUR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,880 shares of the oil and gas producer’s stock, valued at approximately $451,000.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Murphy Oil by 67.3% in the third quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 440 shares in the last quarter. Allworth Financial LP raised its position in Murphy Oil by 39.7% during the second quarter. Allworth Financial LP now owns 2,440 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 693 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 during the last quarter. Strs Ohio lifted its stake in Murphy Oil by 11.1% in the third quarter. Strs Ohio now owns 5,000 shares of the oil and gas producer’s stock valued at $142,000 after acquiring an additional 500 shares during the last quarter. Finally, MAI Capital Management grew its position in shares of 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 valued at $129,000 after acquiring an additional 608 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

MUR has been the topic of several recent analyst reports. Scotiabank restated a “sector perform” rating and set a $31.00 price objective on shares of Murphy Oil in a research note on Friday, January 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Murphy Oil in a research note on Tuesday, February 3rd. Zacks Research cut Murphy Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Roth Mkm reissued a “neutral” rating on shares of Murphy Oil in a research report on Tuesday, January 6th. Finally, Barclays cut their price objective on Murphy Oil from $31.00 to $29.00 and set an “underweight” rating for the company in a research report on Friday, January 30th. Thirteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $29.83.

Murphy Oil Price Performance

Shares of MUR opened at $34.67 on Monday. The company’s 50-day moving average is $32.33 and its 200-day moving average is $30.07. 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 firm has a market capitalization of $4.95 billion, a PE ratio of 48.15 and a beta of 0.72. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $36.08.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.21. Murphy Oil had a net margin of 3.83% and a return on equity of 3.73%. The business had revenue of $613.08 million during the quarter, compared to the consensus estimate of $650.90 million. During the same quarter in the previous year, the firm posted $0.35 EPS. Murphy Oil’s revenue was down 6.9% compared to the same quarter last year. Equities analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.35 per share. This is a boost from Murphy Oil’s previous quarterly dividend of $0.33. 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. Murphy Oil’s dividend payout ratio is presently 194.44%.

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.