Deprince Race & Zollo Inc. boosted its stake in shares of Murphy Oil Co. (NYSE:MUR) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 973,611 shares of the oil and gas producer’s stock after acquiring an additional 30,730 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Murphy Oil were worth $32,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its holdings in Murphy Oil by 5.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 139,642 shares of the oil and gas producer’s stock valued at $4,716,000 after acquiring an additional 6,961 shares during the period. Advisor Partners LLC bought a new position in Murphy Oil during the 2nd quarter valued at approximately $227,000. Legacy Financial Advisors Inc. bought a new position in Murphy Oil during the 2nd quarter valued at approximately $135,000. Dimensional Fund Advisors LP raised its position in Murphy Oil by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,663,498 shares of the oil and gas producer’s stock valued at $191,257,000 after purchasing an additional 33,477 shares during the last quarter. Finally, Riverhead Capital Management LLC raised its position in Murphy Oil by 34.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 75,385 shares of the oil and gas producer’s stock valued at $2,546,000 after purchasing an additional 19,290 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

A number of research analysts have commented on MUR shares. National Alliance Securities raised Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday, August 24th. KLR Group reaffirmed a “buy” rating and set a $39.00 price target on shares of Murphy Oil in a research report on Monday, August 20th. Barclays upped their price target on Murphy Oil from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 11th. Finally, Wells Fargo & Co lowered their price target on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, August 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Murphy Oil has a consensus rating of “Hold” and an average price target of $34.80.

Shares of NYSE:MUR traded down $0.22 during trading on Monday, hitting $35.56. The stock had a trading volume of 1,858,200 shares, compared to its average volume of 2,097,677. Murphy Oil Co. has a 12 month low of $24.39 and a 12 month high of $36.53. The firm has a market capitalization of $5.77 billion, a P/E ratio of -273.54 and a beta of 2.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. The firm had revenue of $655.15 million during the quarter, compared to analyst estimates of $623.76 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The business’s revenue was up 37.2% compared to the same quarter last year. On average, equities analysts forecast that Murphy Oil Co. will post 1.64 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, November 8th. Murphy Oil’s dividend payout ratio is currently -769.23%.

Murphy Oil Company Profile

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.

Further Reading: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Co. (NYSE:MUR).

Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.