Charles Schwab Investment Management Inc. Boosts Stake in Murphy Oil Corporation $MUR

Charles Schwab Investment Management Inc. raised its position in Murphy Oil Corporation (NYSE:MUR) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,700,148 shares of the oil and gas producer’s stock after purchasing an additional 89,382 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.99% of Murphy Oil worth $128,253,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Murphy Oil by 44.9% in the 2nd quarter. American Century Companies Inc. now owns 3,068,290 shares of the oil and gas producer’s stock valued at $69,037,000 after buying an additional 950,630 shares during the period. Franklin Resources Inc. increased its stake in Murphy Oil by 0.7% during the second quarter. Franklin Resources Inc. now owns 87,933 shares of the oil and gas producer’s stock worth $1,978,000 after purchasing an additional 581 shares during the period. Legal & General Group Plc lifted its position in shares of Murphy Oil by 2.3% during the second quarter. Legal & General Group Plc now owns 250,386 shares of the oil and gas producer’s stock worth $5,634,000 after purchasing an additional 5,612 shares in the last quarter. MAI Capital Management lifted its position in shares of Murphy Oil by 11.9% during the second quarter. MAI Capital Management now owns 5,723 shares of the oil and gas producer’s stock worth $129,000 after purchasing an additional 608 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Murphy Oil in the second quarter valued at approximately $1,015,000. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $31.39 on Friday. The stock’s 50-day simple moving average is $28.94 and its 200-day simple moving average is $25.70. The firm has a market capitalization of $4.48 billion, a PE ratio of 16.26 and a beta of 0.99. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $34.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84.

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 (EPS) for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The business had revenue of $440.08 million during the quarter. As a group, equities research analysts forecast that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, November 17th. Murphy Oil’s dividend payout ratio (DPR) is currently 132.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MUR. Wall Street Zen downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Mizuho upped their price objective on Murphy Oil from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Roth Capital reiterated a “neutral” rating and issued a $25.00 price objective on shares of Murphy Oil in a research note on Thursday, November 6th. Wells Fargo & Company lifted their target price on Murphy Oil from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, November 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Murphy Oil in a research note on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $28.50.

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.