Murphy Oil Corporation $MUR Shares Purchased by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC increased its holdings in Murphy Oil Corporation by 27.9% in Q1, acquiring an additional 35,429 shares, bringing its total ownership to 162,534 shares valued at approximately $4.62 million.
• Murphy Oil recently reported earnings per share of $0.27 for the latest quarter, exceeding analysts' expectations, though quarterly revenue decreased by 13.4% year-over-year.
• The company declared a quarterly dividend of $0.325 per share, resulting in an annualized dividend yield of 5.0%.

Intech Investment Management LLC grew its position in Murphy Oil Corporation (NYSE:MUR - Free Report) by 27.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,534 shares of the oil and gas producer's stock after buying an additional 35,429 shares during the quarter. Intech Investment Management LLC owned 0.11% of Murphy Oil worth $4,616,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in MUR. Riverview Trust Co purchased a new stake in shares of Murphy Oil in the 1st quarter worth $26,000. Brooklyn Investment Group lifted its holdings in shares of Murphy Oil by 3,989.7% in the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer's stock worth $34,000 after buying an additional 1,157 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of Murphy Oil in the 1st quarter worth $44,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Murphy Oil by 1,710.9% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer's stock worth $47,000 after buying an additional 1,574 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 buying an additional 1,104 shares during the period. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MUR shares. Barclays raised their price objective on Murphy Oil from $22.00 to $23.00 and gave the company an "underweight" rating in a research report on Monday, July 7th. Scotiabank reaffirmed a "sector perform" rating and set a $26.00 price objective (up previously from $22.00) on shares of Murphy Oil in a research report on Friday, July 11th. Morgan Stanley dropped their price objective on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a research report on Friday, May 23rd. UBS Group raised their price objective on Murphy Oil from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Finally, Johnson Rice downgraded Murphy Oil from an "accumulate" rating to a "hold" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $29.54.

Murphy Oil Stock Performance

Shares of NYSE:MUR traded up $0.33 during trading on Monday, hitting $26.14. The stock had a trading volume of 2,078,102 shares, compared to its average volume of 2,047,577. Murphy Oil Corporation has a 12-month low of $18.94 and a 12-month high of $36.63. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.54 and a beta of 1.15. 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 stock has a 50-day simple moving average of $24.68 and a two-hundred day simple moving average of $23.76.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The firm had revenue of $695.57 million during the quarter, compared to analysts' expectations of $632.51 million. During the same period last year, the business posted $0.81 earnings per share. The company's revenue for the quarter was down 13.4% compared to the same quarter last year. On average, equities research analysts expect that Murphy Oil Corporation will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, August 18th. Murphy Oil's dividend payout ratio (DPR) is 67.36%.

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.