Voya Investment Management LLC Has $9.89 Million Stake in Murphy Oil Corporation $MUR

Key Points

• Voya Investment Management LLC increased its stake in Murphy Oil by 5.6%, acquiring an additional 18,460 shares during the first quarter, bringing their total ownership to 348,267 shares valued at approximately $9.89 million.
• Murphy Oil's recent earnings report showed an EPS of $0.27, beating estimates, although it represented a decline compared to the same quarter last year, and their revenue decreased by 13.4% year-over-year.
• The company declared a quarterly dividend of $0.325, representing a 4.7% dividend yield, with a payout ratio of 67.36% as of the last report.

Voya Investment Management LLC boosted its position in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,267 shares of the oil and gas producer's stock after acquiring an additional 18,460 shares during the period. Voya Investment Management LLC owned about 0.24% of Murphy Oil worth $9,891,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MUR. Charles Schwab Investment Management Inc. raised its position in 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 stake in 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 buying an additional 2,029,685 shares during the period. Pacer Advisors Inc. grew its stake in shares of Murphy Oil by 8,530.7% during the 1st quarter. Pacer Advisors Inc. now owns 1,763,345 shares of the oil and gas producer's stock worth $50,079,000 after purchasing an additional 1,742,914 shares during the period. AQR Capital Management LLC grew its stake in shares of Murphy Oil by 111.6% during the 1st quarter. AQR Capital Management LLC now owns 2,157,707 shares of the oil and gas producer's stock worth $61,279,000 after purchasing an additional 1,137,882 shares during the period. Finally, LSV Asset Management grew its stake in shares of Murphy Oil by 29.4% during the 1st quarter. LSV Asset Management now owns 3,633,023 shares of the oil and gas producer's stock worth $103,178,000 after purchasing an additional 825,746 shares during the period. Hedge funds and other institutional investors own 78.31% of the company's stock.

Murphy Oil Trading Down 1.8%

MUR traded down $0.48 during trading on Friday, reaching $26.55. The company had a trading volume of 4,577,631 shares, compared to its average volume of 2,131,907. The firm's 50-day simple moving average is $24.76 and its 200 day simple moving average is $23.84. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 13.76 and a beta of 1.15. Murphy Oil Corporation has a 12-month low of $18.94 and a 12-month high of $36.63. 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 released its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share for the quarter, beating 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 company had revenue of $695.57 million for the quarter, compared to analysts' expectations of $632.51 million. During the same quarter in the previous year, the business posted $0.81 EPS. The business's revenue for the quarter was down 13.4% on a year-over-year basis. Equities research analysts anticipate that Murphy Oil Corporation will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.325 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.30 annualized dividend and a dividend yield of 4.9%. Murphy Oil's payout ratio is presently 67.36%.

Analyst Ratings Changes

A number of research analysts have issued reports on MUR shares. Barclays upped their target price on shares of Murphy Oil from $22.00 to $23.00 and gave the company an "underweight" rating in a report on Monday, July 7th. Piper Sandler upped their target price on shares of Murphy Oil from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Morgan Stanley reduced their target price on shares of Murphy Oil from $27.00 to $26.00 and set an "underweight" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company set a $24.00 target price on shares of Murphy Oil and gave the company an "equal weight" rating in a report on Thursday, June 26th. Finally, Mizuho cut their price objective on shares of Murphy Oil from $31.00 to $29.00 and set a "neutral" rating on the stock in a 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 given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price 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.