Grace & White Inc. NY Has $5.07 Million Stake in Murphy Oil Corporation (NYSE:MUR)

Grace & White Inc. NY boosted its stake in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 18.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,402 shares of the oil and gas producer's stock after purchasing an additional 27,350 shares during the quarter. Grace & White Inc. NY owned about 0.13% of Murphy Oil worth $5,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in Murphy Oil by 18.6% during the fourth quarter. Cerity Partners LLC now owns 9,576 shares of the oil and gas producer's stock worth $304,000 after purchasing an additional 1,503 shares during the period. Foundry Partners LLC boosted its position in Murphy Oil by 17.9% during the fourth quarter. Foundry Partners LLC now owns 227,680 shares of the oil and gas producer's stock worth $6,890,000 after purchasing an additional 34,620 shares during the period. Bank of New York Mellon Corp boosted its position in Murphy Oil by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer's stock worth $56,214,000 after purchasing an additional 13,263 shares during the period. Proficio Capital Partners LLC bought a new position in Murphy Oil during the fourth quarter worth $678,000. Finally, Sanctuary Advisors LLC bought a new position in Murphy Oil during the fourth quarter worth $618,000. 78.31% of the stock is owned by institutional investors.

Murphy Oil Trading Down 0.8%

MUR opened at $24.86 on Monday. Murphy Oil Corporation has a twelve month low of $18.95 and a twelve month high of $43.02. The company has a 50-day simple moving average of $22.03 and a 200 day simple moving average of $25.88. The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 9.56 and a beta of 1.09.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Murphy Oil had a net margin of 13.47% and a return on equity of 6.81%. The business had revenue of $665.71 million during the quarter, compared to analysts' expectations of $684.89 million. During the same quarter in the prior year, the business posted $0.85 earnings per share. Murphy Oil's revenue was down 15.4% compared to the same quarter last year. Analysts predict that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a dividend of $0.325 per share. The ex-dividend date was Friday, May 16th. This represents a $1.30 annualized dividend and a yield of 5.23%. Murphy Oil's dividend payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Scotiabank reduced their price objective on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of Murphy Oil from $31.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. UBS Group reduced their target price on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. KeyCorp reissued a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. Finally, Mizuho cut shares of Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $32.00 to $31.00 in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.23.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.