Is Murphy Oil Corporation (MUR) A Good Stock To Buy?

Consequently, some big names were breaking ground themselves. PDT Partners, managed by Peter Muller, assembled the largest position in Murphy Oil Corporation (NYSE:MUR). PDT Partners had $5.7 million invested in the company at the end of the quarter. David Costen Haley’s HBK Investments also initiated a $3.9 million position during the quarter. The following funds were also among the new MUR investors: Boaz Weinstein’s Saba Capital, Matthew Hulsizer’s PEAK6 Capital Management, and Matthew Tewksbury’s Stevens Capital Management.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Murphy Oil Corporation (NYSE:MUR) but similarly valued. We will take a look at Watsco Inc (NYSE:WSO), Och-Ziff Capital Management Group LLC (NYSE:OZM), Great Plains Energy Incorporated (NYSE:GXP), and Steel Dynamics, Inc. (NASDAQ:STLD). This group of stocks’ market caps match MUR’s market cap.

As you can see these stocks had an average of 15.75 hedge funds with bullish positions and the average amount invested in these stocks was $255 million. That figure was $444 million in MUR’s case. Steel Dynamics, Inc. (NASDAQ:STLD) is the most popular stock in this table. On the other hand Great Plains Energy Incorporated (NYSE:GXP) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Murphy Oil Corporation (NYSE:MUR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.