Dimensional Fund Advisors LP Buys 262,256 Shares of Murphy Oil Co. (NYSE:MUR)

Dimensional Fund Advisors LP boosted its stake in shares of Murphy Oil Co. (NYSE:MUR) by 3.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,254,125 shares of the oil and gas producer’s stock after acquiring an additional 262,256 shares during the period. Dimensional Fund Advisors LP owned 5.41% of Murphy Oil worth $340,400,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Mather Group LLC. grew its position in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 518 shares in the last quarter. Rise Advisors LLC purchased a new position in Murphy Oil during the 1st quarter valued at approximately $30,000. Lindbrook Capital LLC increased its stake in Murphy Oil by 47.7% in the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 233 shares during the last quarter. Headlands Technologies LLC increased its stake in Murphy Oil by 1,434.5% in the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Murphy Oil by 27.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after acquiring an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MUR shares. Mizuho cut their target price on shares of Murphy Oil from $59.00 to $50.00 and set an “outperform” rating for the company in a report on Monday. Scotiabank downgraded shares of Murphy Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Barclays decreased their target price on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Monday, August 12th. Piper Sandler reduced their price objective on Murphy Oil from $54.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Finally, StockNews.com lowered Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Murphy Oil presently has a consensus rating of “Hold” and an average target price of $45.55.

Murphy Oil Stock Up 0.5 %

Shares of MUR opened at $34.34 on Tuesday. Murphy Oil Co. has a 12-month low of $33.15 and a 12-month high of $49.14. The firm has a fifty day moving average price of $38.17 and a 200-day moving average price of $41.42. The firm has a market capitalization of $5.24 billion, a P/E ratio of 9.57 and a beta of 2.21. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.23.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. During the same period last year, the company posted $0.79 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts expect that Murphy Oil Co. will post 3.99 earnings per share for the current year.

Murphy Oil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Monday, August 19th. Murphy Oil’s payout ratio is 33.43%.

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.