CSM Advisors LLC Invests $4.15 Million in Murphy Oil Corporation $MUR

CSM Advisors LLC purchased a new position in shares of Murphy Oil Corporation (NYSE:MUR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 184,654 shares of the oil and gas producer’s stock, valued at approximately $4,154,000. CSM Advisors LLC owned 0.13% of Murphy Oil at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position 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 valued at $226,461,000 after buying an additional 35,826 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Murphy Oil by 210.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,610,766 shares of the oil and gas producer’s stock worth $159,346,000 after acquiring an additional 3,805,565 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Murphy Oil by 72.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,812,267 shares of the oil and gas producer’s stock worth $136,668,000 after acquiring an additional 2,029,685 shares during the last quarter. LSV Asset Management boosted its holdings in 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 valued at $103,178,000 after acquiring an additional 825,746 shares during the period. Finally, Earnest Partners LLC grew its position in 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 acquiring an additional 106,720 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MUR has been the subject of several research analyst reports. Mizuho lifted their target price on Murphy Oil from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday. Piper Sandler upped their price target on shares of Murphy Oil from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company decreased their price objective on shares of Murphy Oil from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Scotiabank upped their target price on shares of Murphy Oil from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Zacks Research lowered shares of 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 assigned a Sell rating to the company. According to MarketBeat, Murphy Oil has an average rating of “Reduce” and an average target price of $28.33.

Murphy Oil Trading Up 1.6%

NYSE:MUR opened at $28.43 on Monday. The firm has a 50-day simple moving average of $27.71 and a 200-day simple moving average of $24.87. Murphy Oil Corporation has a one year low of $18.94 and a one year high of $34.52. The firm has a market cap of $4.06 billion, a P/E ratio of 14.73 and a beta of 0.99. 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) last released its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $440.08 million for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. Equities analysts anticipate that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.325 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.6%. Murphy Oil’s dividend payout ratio (DPR) is currently 132.65%.

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.