Foundry Partners LLC Has $6.60 Million Stock Holdings in Murphy Oil Co. (NYSE:MUR)

Foundry Partners LLC lifted its position in Murphy Oil Co. (NYSE:MUR) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,980 shares of the oil and gas producer’s stock after buying an additional 16,389 shares during the quarter. Foundry Partners LLC owned about 0.10% of Murphy Oil worth $6,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. lifted its stake in shares of Murphy Oil by 1,015.7% in the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 518 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Murphy Oil in the first quarter worth $30,000. Lindbrook Capital LLC lifted its stake in shares of Murphy Oil by 47.7% in the first quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 233 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Murphy Oil by 27.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock worth $96,000 after buying an additional 447 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Murphy Oil by 14.5% in the second quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock worth $101,000 after buying an additional 310 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Stock Performance

Murphy Oil stock traded up $0.17 on Friday, hitting $35.36. The company’s stock had a trading volume of 146,916 shares, compared to its average volume of 1,627,686. The firm has a market cap of $5.40 billion, a P/E ratio of 9.80 and a beta of 2.25. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average price of $38.98 and a 200-day moving average price of $41.61. Murphy Oil Co. has a one year low of $34.95 and a one year high of $49.14.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, equities analysts anticipate that Murphy Oil Co. will post 3.99 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Monday, August 19th. Murphy Oil’s payout ratio is 33.43%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MUR. Wolfe Research began coverage on shares of Murphy Oil in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler dropped their target price on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. UBS Group dropped their target price on shares of Murphy Oil from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 13th. Scotiabank lowered shares of Murphy Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, StockNews.com lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Murphy Oil has an average rating of “Hold” and an average price target of $47.91.

Murphy Oil 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.