Cwm LLC Buys 9,300 Shares of Murphy Oil Corporation (NYSE:MUR)

Cwm LLC lifted its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 251.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 13,001 shares of the oil and gas producer’s stock after acquiring an additional 9,300 shares during the period. Cwm LLC’s holdings in Murphy Oil were worth $369,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. LSV Asset Management lifted its holdings in shares of Murphy Oil by 4.3% during the 4th quarter. LSV Asset Management now owns 2,807,277 shares of the oil and gas producer’s stock worth $84,948,000 after acquiring an additional 114,656 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Murphy Oil by 5.1% during the 4th quarter. Northern Trust Corp now owns 2,234,585 shares of the oil and gas producer’s stock worth $67,619,000 after acquiring an additional 107,871 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Murphy Oil by 61.9% during the 4th quarter. Ameriprise Financial Inc. now owns 2,147,590 shares of the oil and gas producer’s stock worth $64,986,000 after acquiring an additional 821,427 shares during the last quarter. Cadence Bank lifted its holdings in shares of Murphy Oil by 0.6% during the 4th quarter. Cadence Bank now owns 1,658,227 shares of the oil and gas producer’s stock worth $50,178,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Murphy Oil by 27.9% in the fourth quarter. Millennium Management LLC now owns 1,654,218 shares of the oil and gas producer’s stock worth $50,057,000 after purchasing an additional 360,917 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil Price Performance

MUR stock opened at $26.14 on Friday. The firm’s 50-day moving average price is $23.63 and its two-hundred day moving average price is $25.04. Murphy Oil Corporation has a 12-month low of $18.94 and a 12-month high of $41.81. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 10.05 and a beta of 1.09. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 0.28.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Murphy Oil had a net margin of 13.47% and a return on equity of 6.81%. The firm had revenue of $665.71 million for the quarter, compared to analysts’ expectations of $684.89 million. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, equities analysts predict that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays boosted their price target on shares of Murphy Oil from $22.00 to $23.00 and gave the stock an “underweight” rating in a research note on Monday, July 7th. UBS Group lowered their price target on shares of Murphy Oil from $28.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Scotiabank reissued a “sector perform” rating and issued a $26.00 price target (up from $22.00) on shares of Murphy Oil in a research note on Friday, July 11th. Johnson Rice downgraded shares of Murphy Oil from an “accumulate” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, KeyCorp reissued a “sector weight” rating on shares of Murphy Oil in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Murphy Oil has a consensus rating of “Hold” and an average target price of $29.46.

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.