Savant Capital LLC Purchases 4,880 Shares of Murphy Oil Corporation $MUR

Savant Capital LLC lifted its holdings in Murphy Oil Corporation (NYSE:MUR) by 66.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,226 shares of the oil and gas producer’s stock after purchasing an additional 4,880 shares during the quarter. Savant Capital LLC’s holdings in Murphy Oil were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Murphy Oil by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,974,008 shares of the oil and gas producer’s stock valued at $226,461,000 after purchasing an additional 35,826 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Murphy Oil by 210.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,610,766 shares of the oil and gas producer’s stock valued at $159,346,000 after buying an additional 3,805,565 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Murphy Oil by 72.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,812,267 shares of the oil and gas producer’s stock valued at $136,668,000 after acquiring an additional 2,029,685 shares during the last quarter. LSV Asset Management grew its position in Murphy Oil by 29.4% in the first quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer’s stock worth $103,178,000 after acquiring an additional 825,746 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in Murphy Oil by 3.6% during the first quarter. Earnest Partners LLC now owns 3,052,273 shares of the oil and gas producer’s stock worth $86,685,000 after acquiring an additional 106,720 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Performance

MUR stock opened at $30.61 on Wednesday. Murphy Oil Corporation has a twelve month low of $18.94 and a twelve month high of $34.52. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 15.86 and a beta of 0.99. The business’s fifty day simple moving average is $28.32 and its two-hundred day simple moving average is $25.29. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) EPS for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The company had revenue of $440.08 million during the quarter. Analysts predict that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.2%. Murphy Oil’s dividend payout ratio (DPR) is 132.65%.

Analysts Set New Price Targets

Several research firms have recently issued reports on MUR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Murphy Oil in a research note on Wednesday, October 8th. Roth Capital restated a “neutral” rating and issued a $25.00 price target on shares of Murphy Oil in a research report on Thursday, November 6th. Scotiabank boosted their price objective on shares of Murphy Oil from $26.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. UBS Group increased their target price on shares of Murphy Oil from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Evercore ISI dropped their price target on shares of Murphy Oil from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Monday, October 6th. Thirteen research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $28.50.

Murphy Oil Company 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.