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

Dimensional Fund Advisors LP grew its stake in Murphy Oil Co. (NYSE:MUR) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,254,125 shares of the oil and gas producer’s stock after acquiring an additional 262,256 shares during the quarter. Dimensional Fund Advisors LP owned about 0.05% of Murphy Oil worth $340,400,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. lifted 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 buying an additional 518 shares during the last quarter. Rise Advisors LLC acquired a new stake in Murphy Oil in the first quarter valued at approximately $30,000. Lindbrook Capital LLC grew its holdings in 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 purchasing an additional 233 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Murphy Oil by 1,434.5% during the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted 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 valued at $96,000 after purchasing an additional 447 shares during the last quarter. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group dropped their target price on Murphy Oil from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 13th. Wells Fargo & Company cut their price objective on shares of Murphy Oil from $47.00 to $41.00 and set an “equal weight” rating on the stock in a report on Friday, August 23rd. StockNews.com cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Truist Financial cut their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Barclays lowered their price objective on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.55.

Murphy Oil Trading Up 0.5 %

NYSE MUR opened at $34.34 on Tuesday. Murphy Oil Co. has a 1 year low of $33.15 and a 1 year high of $49.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.76. The company has a market capitalization of $5.24 billion, a PE ratio of 9.57 and a beta of 2.21. The company has a fifty day moving average of $38.17 and a 200 day moving average of $41.42.

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

Murphy Oil Announces Dividend

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

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.