Intech Investment Management LLC Has $4.62 Million Stock Position in Murphy Oil Corporation $MUR

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 lifted its stake in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 27.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,534 shares of the oil and gas producer's stock after acquiring an additional 35,429 shares during the quarter. Intech Investment Management LLC owned 0.11% of Murphy Oil worth $4,616,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MUR. Dimensional Fund Advisors LP increased its stake in shares of Murphy Oil by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,974,008 shares of the oil and gas producer's stock worth $226,461,000 after buying an additional 35,826 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of 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 valued at $159,346,000 after purchasing an additional 3,805,565 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of 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 valued at $136,668,000 after purchasing an additional 2,029,685 shares during the last quarter. LSV Asset Management increased its position in shares of 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 valued at $103,178,000 after purchasing an additional 825,746 shares during the last quarter. Finally, Earnest Partners LLC increased its position in shares of 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 valued at $86,685,000 after purchasing an additional 106,720 shares during the last quarter. Hedge funds and other institutional investors own 78.31% of the company's stock.

Murphy Oil Price Performance

NYSE MUR traded up $0.10 on Thursday, reaching $27.02. 654,176 shares of the stock traded hands, compared to its average volume of 2,819,286. The firm's fifty day simple moving average is $24.74 and its 200 day simple moving average is $23.81. Murphy Oil Corporation has a 12 month low of $18.94 and a 12 month high of $36.63. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 14.00 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.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share 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 business had revenue of $695.57 million during the quarter, compared to analyst estimates of $632.51 million. During the same period last year, the company posted $0.81 EPS. The company's revenue was down 13.4% compared to the same quarter last year. As a group, research analysts predict that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 yield of 4.8%. Murphy Oil's payout ratio is 67.36%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MUR. Mizuho dropped their price objective on Murphy Oil from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Monday. Wells Fargo & Company set a $24.00 price target on Murphy Oil and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Barclays lifted their price objective on shares of Murphy Oil from $22.00 to $23.00 and gave the company an "underweight" rating in a research report on Monday, July 7th. Scotiabank reissued a "sector perform" rating and issued a $26.00 price target (up from $22.00) on shares of Murphy Oil in a report on Friday, July 11th. Finally, Zacks Research downgraded shares of Murphy Oil from a "hold" rating to a "strong sell" rating in a report on Monday. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $29.54.

About Murphy Oil

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.