8,200 Shares in Murphy Oil Corporation $MUR Purchased by Strs Ohio

Strs Ohio acquired a new position in Murphy Oil Corporation (NYSE:MUR) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,200 shares of the oil and gas producer’s stock, valued at approximately $233,000.

Several other hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in Murphy Oil by 2.8% in the 1st quarter. Fifth Third Bancorp now owns 18,060 shares of the oil and gas producer’s stock worth $513,000 after acquiring an additional 499 shares in the last quarter. Mustard Seed Financial LLC increased its position in Murphy Oil by 2.9% in the 1st quarter. Mustard Seed Financial LLC now owns 17,861 shares of the oil and gas producer’s stock worth $507,000 after purchasing an additional 500 shares during the last quarter. Penserra Capital Management LLC increased its position in Murphy Oil by 3.2% in the 1st quarter. Penserra Capital Management LLC now owns 17,367 shares of the oil and gas producer’s stock worth $493,000 after purchasing an additional 532 shares during the last quarter. Riverview Trust Co acquired a new position in Murphy Oil in the 1st quarter worth about $26,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Murphy Oil by 177.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 1,104 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MUR shares. Wells Fargo & Company set a $24.00 target price on Murphy Oil and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. Zacks Research lowered Murphy Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. UBS Group upped their target price on Murphy Oil from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Scotiabank reaffirmed a “sector perform” rating and issued a $26.00 target price (up from $22.00) on shares of Murphy Oil in a research report on Friday, July 11th. Finally, Mizuho dropped their target price on Murphy Oil from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $29.54.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $29.03 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 15.04 and a beta of 1.15. The business’s 50-day simple moving average is $24.94 and its 200-day simple moving average is $23.92. Murphy Oil Corporation has a 52 week low of $18.94 and a 52 week high of $36.62.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. The business had revenue of $695.57 million for the quarter, compared to analyst estimates of $632.51 million. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 EPS. As a group, equities research analysts expect that Murphy Oil Corporation will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.325 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.30 dividend on an annualized basis and a yield of 4.5%. Murphy Oil’s dividend payout ratio (DPR) is 67.36%.

About Murphy Oil

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.