SG Americas Securities LLC Has $999,000 Stock Holdings in Murphy Oil Corporation $MUR

SG Americas Securities LLC decreased its holdings in shares of Murphy Oil Corporation (NYSE:MUR) by 80.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 24,215 shares of the oil and gas producer’s stock after selling 98,205 shares during the period. SG Americas Securities LLC’s holdings in Murphy Oil were worth $999,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC bought a new position in shares of Murphy Oil in the 4th quarter worth $26,000. Torren Management LLC bought a new stake in Murphy Oil in the fourth quarter valued at about $37,000. Farther Finance Advisors LLC increased its holdings in Murphy Oil by 72.9% in the fourth quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 717 shares during 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 buying an additional 3,095 shares during the period. Finally, Covestor Ltd lifted its stake in Murphy Oil by 245.4% in the fourth quarter. Covestor Ltd now owns 4,677 shares of the oil and gas producer’s stock valued at $146,000 after buying an additional 3,323 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Stock Up 0.1%

NYSE:MUR opened at $31.91 on Friday. Murphy Oil Corporation has a 1 year low of $21.86 and a 1 year high of $43.34. The stock has a 50-day moving average price of $37.45 and a two-hundred day moving average price of $35.48. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 54.08 and a beta of 0.52. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho boosted their target price on Murphy Oil from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Johnson Rice upgraded shares of Murphy Oil from a “hold” rating to an “accumulate” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group lifted their price objective on shares of Murphy Oil from $29.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Morgan Stanley decreased their price objective on shares of Murphy Oil from $37.00 to $35.00 and set an “underweight” rating for the company in a report on Monday, June 29th. Finally, Piper Sandler raised shares of Murphy Oil from a “neutral” rating to an “overweight” rating and upped their target price for the company from $33.00 to $41.00 in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.58.

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.