Vanguard Personalized Indexing Management LLC Purchases 20,904 Shares of Murphy Oil Corporation $MUR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Murphy Oil Corporation by 45.9%, acquiring an additional 20,904 shares during the second quarter, bringing its total ownership to 66,444 shares valued at $1,495,000.
• Several other institutional investors have also significantly increased their holdings in Murphy Oil, leading to over 78% of the stock now being owned by institutional investors.
• Murphy Oil announced a quarterly dividend of $0.325 per share, with a yield of 4.7%, to be paid on December 1st to shareholders of record as of November 17th.

Vanguard Personalized Indexing Management LLC grew its position in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 45.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 66,444 shares of the oil and gas producer's stock after acquiring an additional 20,904 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Murphy Oil were worth $1,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MUR. Brooklyn Investment Group boosted its position in shares of Murphy Oil by 3,989.7% during 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position 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 acquiring an additional 1,574 shares during the last quarter. Allworth Financial LP boosted its position 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 acquiring an additional 1,243 shares during the last quarter. UMB Bank n.a. boosted its position 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 acquiring an additional 1,357 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Murphy Oil by 146.5% during the 1st quarter. GAMMA Investing LLC now owns 3,106 shares of the oil and gas producer's stock valued at $88,000 after acquiring an additional 1,846 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Stock Performance

MUR stock opened at $27.88 on Friday. 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 business's fifty day simple moving average is $26.35 and its two-hundred day simple moving average is $24.16. Murphy Oil Corporation has a twelve month low of $18.94 and a twelve month high of $34.52. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 14.45 and a beta of 1.03.

Murphy Oil (NYSE:MUR - Get Free Report) last released its earnings results on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.The business had revenue of $440.08 million during the quarter. Analysts predict that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be paid a $0.325 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a yield of 4.7%. Murphy Oil's dividend payout ratio (DPR) is presently 67.36%.

Wall Street Analysts Forecast Growth

MUR has been the subject of a number of research reports. Evercore ISI lowered their target price on Murphy Oil from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Monday, October 6th. Wells Fargo & Company lowered their price target on Murphy Oil from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Friday. UBS Group raised their price target on Murphy Oil from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday. Morgan Stanley lowered their price target on Murphy Oil from $28.00 to $27.00 and set an "underweight" rating for the company in a research report on Tuesday. Finally, Zacks Research downgraded Murphy Oil from a "hold" rating to a "strong sell" rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $28.08.

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.

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