Voya Investment Management LLC Purchases 18,460 Shares of Murphy Oil Corporation $MUR

Voya Investment Management LLC boosted its position in Murphy Oil Corporation (NYSE:MUR) by 5.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 348,267 shares of the oil and gas producer’s stock after acquiring an additional 18,460 shares during the period. Voya Investment Management LLC owned 0.24% of Murphy Oil worth $9,891,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Strs Ohio bought a new stake in Murphy Oil in the 1st quarter worth $233,000. Intech Investment Management LLC boosted its stake in shares of Murphy Oil by 27.9% during the 1st quarter. Intech Investment Management LLC now owns 162,534 shares of the oil and gas producer’s stock valued at $4,616,000 after purchasing an additional 35,429 shares in the last quarter. Bayforest Capital Ltd boosted its stake in shares of Murphy Oil by 4,974.8% during the 1st quarter. Bayforest Capital Ltd now owns 14,514 shares of the oil and gas producer’s stock valued at $412,000 after purchasing an additional 14,228 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Murphy Oil by 22.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer’s stock valued at $7,074,000 after purchasing an additional 45,841 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Murphy Oil during the 1st quarter valued at about $265,000. Institutional investors own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MUR shares. Wells Fargo & Company set a $24.00 target price on shares of Murphy Oil and gave the company an “equal weight” rating in a research note on Thursday, June 26th. Piper Sandler lifted their target price on shares of Murphy Oil from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Mizuho cut their target price on shares of Murphy Oil from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday. Johnson Rice lowered shares of Murphy Oil from an “accumulate” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, Barclays lifted their target price on shares of Murphy Oil from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $29.54.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $27.81 on Wednesday. The firm has a 50 day moving average of $24.71 and a 200 day moving average of $23.79. 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 firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 14.41 and a beta of 1.15. Murphy Oil Corporation has a 12-month low of $18.94 and a 12-month high of $36.63.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $695.57 million during the quarter, compared to analyst estimates of $632.51 million. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. On average, research analysts anticipate that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, August 18th. Murphy Oil’s dividend payout ratio is presently 67.36%.

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.