Deutsche Bank AG Acquires New Holdings in Murphy Oil Corporation $MUR

Deutsche Bank AG bought a new stake in Murphy Oil Corporation (NYSE:MUR) during the second quarter, Holdings Channel.com reports. The firm bought 210,878 shares of the oil and gas producer’s stock, valued at approximately $6,866,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MUR shares. Wall Street Zen cut Murphy Oil from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Mizuho raised Murphy Oil to a “hold” rating in a research note on Friday, July 31st. Scotiabank restated a “sector perform” rating and set a $44.00 price target on shares of Murphy Oil in a report on Wednesday, May 13th. Jefferies Financial Group downgraded Murphy Oil from a “buy” rating to an “underperform” rating in a research note on Thursday, June 4th. Finally, UBS Group dropped their price objective on shares of Murphy Oil from $41.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.58.

Murphy Oil Price Performance

Murphy Oil stock opened at $36.01 on Tuesday. The stock’s 50 day moving average is $35.53 and its 200 day moving average is $36.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The firm has a market cap of $5.16 billion, a P/E ratio of 17.83 and a beta of 0.50. Murphy Oil Corporation has a one year low of $23.56 and a one year high of $43.34.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $926.33 million during the quarter, compared to the consensus estimate of $888.51 million. Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, research analysts expect that Murphy Oil Corporation will post 2.77 EPS for the current year.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 17th. Murphy Oil’s dividend payout ratio is currently 69.31%.

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.