Robeco Institutional Asset Management B.V. Grows Position in Murphy Oil Corporation $MUR

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Murphy Oil Corporation by 7.9% during the 2nd quarter, owning approximately 156,114 shares valued at $3.51 million at the end of the reporting period.
• The company reported $0.27 earnings per share for the last quarter, exceeding analysts' expectations of $0.21, with quarterly revenue of $695.57 million.
• Murphy Oil announced a quarterly dividend of $0.325 per share, representing an annualized dividend yield of 4.2%, with the ex-dividend date set for November 17th.

Robeco Institutional Asset Management B.V. raised its holdings in Murphy Oil Corporation (NYSE:MUR - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,114 shares of the oil and gas producer's stock after acquiring an additional 11,372 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.11% of Murphy Oil worth $3,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group raised 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 valued at $34,000 after acquiring an additional 1,157 shares in the last quarter. Byrne Asset Management LLC purchased a new position in shares of Murphy Oil during the 1st quarter valued at about $44,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Murphy Oil by 1,710.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer's stock valued at $47,000 after buying an additional 1,574 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Murphy Oil by 246.6% during the 1st quarter. Allworth Financial LP now owns 1,747 shares of the oil and gas producer's stock valued at $50,000 after buying an additional 1,243 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Murphy Oil by 148.1% during the 2nd quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer's stock valued at $51,000 after buying an additional 1,357 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MUR shares. Zacks Research cut Murphy Oil from a "hold" rating to a "strong sell" rating in a report on Monday, September 15th. UBS Group raised their price objective on Murphy Oil from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Wells Fargo & Company set a $24.00 price objective on Murphy Oil and gave the company an "equal weight" rating in a report on Thursday, June 26th. Evercore ISI decreased their price objective on Murphy Oil from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Monday. Finally, Barclays lifted their price target on Murphy Oil from $22.00 to $23.00 and gave the stock an "underweight" rating in a research note on Monday, July 7th. One 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 MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $27.25.

Murphy Oil Price Performance

Shares of MUR stock opened at $30.68 on Tuesday. The firm has a market cap of $4.38 billion, a P/E ratio of 15.90 and a beta of 1.03. Murphy Oil Corporation has a fifty-two week low of $18.94 and a fifty-two week high of $36.62. The business's 50 day moving average price is $25.58 and its 200-day moving average price is $24.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The firm 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 business's quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS. On average, equities research analysts anticipate that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Monday, November 17th. Murphy Oil's dividend payout ratio (DPR) is currently 67.36%.

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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