KLP Kapitalforvaltning AS Purchases 3,500 Shares of Murphy Oil Corporation $MUR

KLP Kapitalforvaltning AS increased its position in shares of Murphy Oil Corporation (NYSE:MUR) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,200 shares of the oil and gas producer’s stock after acquiring an additional 3,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Murphy Oil were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Murphy Oil by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,974,008 shares of the oil and gas producer’s stock worth $226,461,000 after acquiring an additional 35,826 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Murphy Oil by 210.8% in the 1st 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 buying an additional 3,805,565 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Murphy Oil by 72.9% in the 1st 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 buying an additional 2,029,685 shares in the last quarter. LSV Asset Management grew its stake in Murphy Oil by 29.4% in the 1st quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer’s stock worth $103,178,000 after buying an additional 825,746 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in Murphy Oil by 3.6% in the 1st quarter. Earnest Partners LLC now owns 3,052,273 shares of the oil and gas producer’s stock worth $86,685,000 after buying an additional 106,720 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Trading Down 2.2%

Shares of MUR opened at $27.20 on Friday. The stock has a market capitalization of $3.88 billion, a P/E ratio of 14.09 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $26.25 and a two-hundred day simple moving average of $24.16. Murphy Oil Corporation has a twelve month low of $18.94 and a twelve month high of $34.52.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share for the quarter. The firm 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, research analysts anticipate that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.30 annualized dividend and a yield of 4.8%. Murphy Oil’s dividend payout ratio is presently 67.36%.

Wall Street Analyst Weigh In

A number of research firms have commented on MUR. Evercore ISI cut their price target on shares of Murphy Oil from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Murphy Oil in a research note on Wednesday, October 8th. Piper Sandler boosted their price target on shares of Murphy Oil from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Mizuho cut their price target on shares of Murphy Oil from $31.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, UBS Group boosted their price target on shares of Murphy Oil from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday. 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $28.25.

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.