Chicago Equity Partners LLC Takes Position in Murphy Oil (MUR)
Chicago Equity Partners LLC purchased a new position in shares of Murphy Oil (NYSE:MUR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 86,415 shares of the oil and gas producer’s stock, valued at approximately $2,233,000. Chicago Equity Partners LLC owned 0.05% of Murphy Oil at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in Murphy Oil by 19.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 500,135 shares of the oil and gas producer’s stock valued at $12,923,000 after acquiring an additional 83,019 shares during the period. Ffcm LLC acquired a new stake in Murphy Oil in the 1st quarter valued at approximately $967,000. Pzena Investment Management LLC increased its position in Murphy Oil by 9.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,601,453 shares of the oil and gas producer’s stock valued at $273,942,000 after acquiring an additional 897,601 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Murphy Oil in the 1st quarter valued at approximately $286,000. Finally, Swiss National Bank increased its position in Murphy Oil by 2.2% in the 1st quarter. Swiss National Bank now owns 285,400 shares of the oil and gas producer’s stock valued at $7,375,000 after acquiring an additional 6,200 shares during the period. Institutional investors and hedge funds own 97.48% of the company’s stock.
Several analysts recently commented on MUR shares. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, April 11th. Societe Generale upgraded Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Stephens set a $37.00 target price on Murphy Oil and gave the company a “buy” rating in a research report on Monday, January 22nd. Barclays raised their target price on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Finally, ValuEngine upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $31.58.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Murphy Oil had a positive return on equity of 0.58% and a negative net margin of 9.62%. The company had revenue of $585.61 million for the quarter, compared to analysts’ expectations of $575.76 million. During the same period last year, the firm earned ($0.06) EPS. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. research analysts expect that Murphy Oil will post 1.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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