Murphy Oil Co. (NYSE:MUR) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,642 shares of the oil and gas producer's stock after purchasing an additional 40,476 shares during the quarter. Mackenzie Financial Corp owned about 0.26% of Murphy Oil worth $11,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of MUR. Barclays PLC boosted its position in shares of Murphy Oil by 399.4% during the 3rd quarter. Barclays PLC now owns 1,012,944 shares of the oil and gas producer's stock valued at $34,177,000 after acquiring an additional 810,104 shares in the last quarter. KBC Group NV raised its stake in shares of Murphy Oil by 59.8% during the fourth quarter. KBC Group NV now owns 6,835 shares of the oil and gas producer's stock worth $207,000 after buying an additional 2,559 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Murphy Oil by 50.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 11,467 shares of the oil and gas producer's stock worth $347,000 after buying an additional 3,870 shares during the last quarter. EMC Capital Management increased its stake in Murphy Oil by 628.0% in the fourth quarter. EMC Capital Management now owns 8,008 shares of the oil and gas producer's stock valued at $242,000 after purchasing an additional 6,908 shares in the last quarter. Finally, New Wave Wealth Advisors LLC bought a new stake in Murphy Oil in the fourth quarter valued at approximately $113,000. Institutional investors own 78.31% of the company's stock.

Murphy Oil Stock Performance

Shares of NYSE MUR traded down $0.32 during midday trading on Friday, hitting $20.93. 2,004,908 shares of the company's stock traded hands, compared to its average volume of 2,218,786. Murphy Oil Co. has a 1 year low of $18.95 and a 1 year high of $43.02. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 7.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. The firm has a fifty day moving average of $22.26 and a 200 day moving average of $26.81.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The company had revenue of $665.71 million during the quarter, compared to the consensus estimate of $684.89 million. During the same period last year, the company earned $0.85 earnings per share. Murphy Oil's revenue was down 15.4% on a year-over-year basis. On average, analysts forecast that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Friday, May 16th. Murphy Oil's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MUR shares. Johnson Rice cut shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. reduced their target price on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Barclays reduced their target price on shares of Murphy Oil from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Scotiabank dropped 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 note on Friday, April 11th. Finally, Morgan Stanley dropped their target price on shares of Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.