CSM Advisors LLC Purchases Shares of 184,654 Murphy Oil Corporation $MUR

CSM Advisors LLC acquired a new position in Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 184,654 shares of the oil and gas producer’s stock, valued at approximately $4,154,000.

Other large investors have also recently modified their holdings of the company. 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 acquiring an additional 35,826 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Murphy Oil by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,610,766 shares of the oil and gas producer’s stock worth $159,346,000 after purchasing an additional 3,805,565 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Murphy Oil by 72.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 4,812,267 shares of the oil and gas producer’s stock worth $136,668,000 after purchasing an additional 2,029,685 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Murphy Oil by 29.4% during the 1st quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer’s stock valued at $103,178,000 after purchasing an additional 825,746 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of Murphy Oil by 3.6% during the 1st quarter. Earnest Partners LLC now owns 3,052,273 shares of the oil and gas producer’s stock valued at $86,685,000 after purchasing an additional 106,720 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MUR. Evercore ISI reduced their target price on Murphy Oil from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Monday, October 6th. Wall Street Zen upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research lowered shares of Murphy Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Wells Fargo & Company lowered their target price on shares of Murphy Oil from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Finally, Piper Sandler upped their price target on shares of Murphy Oil from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Murphy Oil presently has a consensus rating of “Reduce” and an average target price of $28.33.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $28.43 on Monday. Murphy Oil Corporation has a twelve month low of $18.94 and a twelve month high of $34.52. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The company has a market cap of $4.06 billion, a PE ratio of 14.73 and a beta of 0.99. The company’s 50 day moving average is $27.71 and its 200 day moving average is $24.87.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) EPS for the quarter. The business had revenue of $440.08 million for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. On average, sell-side analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, November 17th. Murphy Oil’s dividend payout ratio is presently 132.65%.

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.