Pzena Investment Management LLC Has $38.65 Million Stock Holdings in Murphy Oil Co. (NYSE:MUR)

Pzena Investment Management LLC lifted its position in shares of Murphy Oil Co. (NYSE:MUR) by 0.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,567,851 shares of the oil and gas producer’s stock after buying an additional 1,778 shares during the quarter. Pzena Investment Management LLC’s holdings in Murphy Oil were worth $38,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Murphy Oil by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,817,092 shares of the oil and gas producer’s stock worth $136,061,000 after buying an additional 93,228 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Murphy Oil by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock worth $46,321,000 after buying an additional 52,963 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Murphy Oil by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 43,600 shares of the oil and gas producer’s stock worth $1,277,000 after buying an additional 400 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Murphy Oil by 0.4% in the first quarter. Retirement Systems of Alabama now owns 211,759 shares of the oil and gas producer’s stock worth $6,205,000 after purchasing an additional 844 shares during the period. Finally, Brookstone Capital Management bought a new position in shares of Murphy Oil in the first quarter worth $607,000. 86.86% of the stock is owned by institutional investors.

In other Murphy Oil news, Director Walentin Mirosh sold 1,360 shares of Murphy Oil stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.52, for a total value of $25,187.20. Following the transaction, the director now owns 25,365 shares in the company, valued at $469,759.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.46% of the company’s stock.

Shares of NYSE MUR traded up $0.32 during mid-day trading on Friday, reaching $18.84. The company had a trading volume of 1,613,432 shares, compared to its average volume of 3,653,220. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.56 and a current ratio of 1.25. Murphy Oil Co. has a one year low of $17.90 and a one year high of $36.53. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 14.95 and a beta of 1.94. The business’s 50-day simple moving average is $22.69 and its 200 day simple moving average is $26.29.

Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, August 8th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Murphy Oil had a return on equity of 3.48% and a net margin of 12.37%. The firm had revenue of $709.00 million for the quarter, compared to analysts’ expectations of $612.71 million. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 81.8% on a year-over-year basis. On average, sell-side analysts anticipate that Murphy Oil Co. will post 0.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Friday, August 16th. Murphy Oil’s dividend payout ratio is presently 79.37%.

A number of research analysts recently commented on the company. ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Credit Suisse Group decreased their price target on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Goldman Sachs Group upgraded Murphy Oil from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, July 23rd. Evercore ISI assumed coverage on Murphy Oil in a research report on Thursday, May 30th. They issued an “in-line” rating and a $30.00 price target on the stock. Finally, MKM Partners set a $38.00 price target on Murphy Oil and gave the stock a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Murphy Oil currently has an average rating of “Hold” and an average price target of $32.85.

Murphy Oil Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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.

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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