<div id="readability-page-1"><p>Mackenzie Financial Corp boosted its holdings in shares of  Murphy Oil Co. (NYSE:MUR - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,642 shares of the oil and gas producer's stock after purchasing an additional 40,476 shares during the period. Mackenzie Financial Corp owned about 0.26% of Murphy Oil worth $11,579,000 at the end of the most recent reporting period.</p><ul><li>Savvy Investors' Rate Cut Portfolio: Bonds, Small Caps, Energy</li></ul><p>A number of other hedge funds also recently bought and sold shares of MUR. Cerity Partners LLC grew its holdings in shares of  Murphy Oil by 18.6% during the 4th quarter. Cerity Partners LLC now owns 9,576 shares of the oil and gas producer's stock worth $304,000 after acquiring an additional 1,503 shares during the period.  Foundry Partners LLC grew its holdings in shares of  Murphy Oil by 17.9% during the 4th quarter. Foundry Partners LLC now owns 227,680 shares of the oil and gas producer's stock worth $6,890,000 after acquiring an additional 34,620 shares during the period.  Bank of New York Mellon Corp grew its holdings in shares of  Murphy Oil by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer's stock worth $56,214,000 after acquiring an additional 13,263 shares during the period.  Sanctuary Advisors LLC purchased a new position in shares of  Murphy Oil during the 4th quarter worth approximately $618,000.  Finally, Proficio Capital Partners LLC purchased a new position in shares of  Murphy Oil during the 4th quarter worth approximately $678,000. Hedge funds and other institutional investors own  78.31% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>A number of research analysts have weighed in on MUR shares. KeyCorp  reiterated a &#34;sector weight&#34; rating on shares of Murphy Oil in a report on Monday, April 21st. Piper Sandler dropped their price target on Murphy Oil from $35.00 to $30.00 and set an &#34;overweight&#34; rating on the stock in a research report on Tuesday, May 13th. Wells Fargo &amp; Company dropped their price target on Murphy Oil from $31.00 to $26.00 and set an &#34;equal weight&#34; rating on the stock in a research report on Wednesday, May 14th. JPMorgan Chase &amp; Co. dropped their price target on Murphy Oil from $33.00 to $28.00 and set a &#34;neutral&#34; rating on the stock in a research report on Thursday, March 13th. Finally, Morgan Stanley dropped their price target on Murphy Oil from $27.00 to $26.00 and set an &#34;underweight&#34; rating on the stock in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued  a hold rating and one  has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of &#34;Hold&#34; and a consensus target price of $29.23.</p><ul><li>3 Small-Cap Stocks in the Russell 2000 Set to Rally</li></ul><p><b>Check Out Our Latest Research Report on Murphy Oil</b></p><h2>Murphy Oil Stock Performance</h2><p>MUR stock opened at $21.46 on Wednesday. The stock has a market capitalization of $3.06 billion, a PE ratio of 7.98 and a beta of 1.10. Murphy Oil Co. has a 12-month low of $18.95 and a 12-month high of $43.02. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The stock's 50 day simple moving average is $22.63 and its 200 day simple moving average is $27.09. </p><ul><li>Chesapeake Energy Stock is The Energy Play, Earnings Confirm</li></ul><p>Murphy Oil (NYSE:MUR - Get Free Report) 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 the consensus estimate of $0.48 by $0.08. The business had revenue of $665.71 million for the quarter, compared to analysts' expectations of $684.89 million. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The firm's quarterly revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS.  As a group, research analysts forecast that  Murphy Oil Co. will post 2.94 earnings per share for the current fiscal year. </p><h2>Murphy Oil Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a yield of 6.06%. Murphy Oil's dividend payout ratio  is presently 50.00%. </p><h2>About Murphy Oil</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Murphy Oil</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>3 Beaten-Down Stocks Trading 50% Below Their 52-Week Highs</li><li>3 Small Caps With Big Return Potential</li><li>Tesla: Why Analysts Think It Could Jump Another 47%</li><li>Using the MarketBeat Dividend Yield Calculator</li><li>Microsoft's Outlook Brightens as Analysts Boost Bullish Ratings</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1VUg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1VUg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Murphy Oil Right Now?</h2><p>Before you consider Murphy Oil, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Murphy Oil wasn't on the list.</p><p>While Murphy Oil currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Mackenzie Financial Corp increased its holdings in Murphy Oil Co. (NYSE:MUR) by 11.8% in Q4, owning 382,642 shares valued at $11.58 million. Other hedge funds also raised their stakes. Analysts have set new price targets, with a consensus rating of "Hold" and an average target price of $29.23. Murphy Oil reported Q1 earnings of $0.56 EPS, beating estimates, but revenue fell 15.4% year-over-year. The company announced a quarterly dividend of $0.325 per share, payable on June 2nd.</p>

Mackenzie Financial Corp Increases Holdings in Murphy Oil Co. (NYSE:MUR)