Baron Wealth Management LLC Invests $223,000 in Murphy Oil Corporation $MUR

Baron Wealth Management LLC acquired a new position in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,895 shares of the oil and gas producer's stock, valued at approximately $223,000.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Murphy Oil by 210.8% during 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 acquiring an additional 3,805,565 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Murphy Oil by 72.9% during 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 acquiring an additional 2,029,685 shares in the last quarter. LSV Asset Management boosted its stake in shares of Murphy Oil by 29.4% during 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 acquiring an additional 825,746 shares in the last quarter. Finally, Earnest Partners LLC boosted its stake in shares of Murphy Oil by 3.6% during 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 acquiring an additional 106,720 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $26.89 on Thursday. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $36.63. The business has a 50-day moving average of $24.74 and a two-hundred day moving average of $23.81. The stock has a market capitalization of $3.84 billion, a P/E ratio of 13.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.84 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.27 EPS for the quarter, topping 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 period in the previous year, the company posted $0.81 earnings per share. On average, equities research analysts predict that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.325 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.8%. Murphy Oil's payout ratio is presently 67.36%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a research note on Friday, May 23rd. Johnson Rice cut Murphy Oil from an "accumulate" rating to a "hold" rating in a research report on Wednesday, May 21st. UBS Group raised 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. Zacks Research cut Murphy Oil from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Barclays raised their target price on Murphy Oil from $22.00 to $23.00 and gave the stock an "underweight" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $29.54.

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.

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