Victory Capital Management Inc. raised its stake in Murphy Oil Co. (NYSE:MUR) by 44.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,338 shares of the oil and gas producer’s stock after buying an additional 31,752 shares during the period. Victory Capital Management Inc.’s holdings in Murphy Oil were worth $1,250,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Pzena Investment Management LLC lifted its holdings in shares of Murphy Oil by 4.8% during the 3rd quarter. Pzena Investment Management LLC now owns 2,809,944 shares of the oil and gas producer’s stock worth $25,065,000 after acquiring an additional 127,642 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Murphy Oil by 91.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,785,759 shares of the oil and gas producer’s stock worth $24,849,000 after purchasing an additional 1,331,794 shares in the last quarter. Morgan Stanley increased its position in shares of Murphy Oil by 195.3% during the 3rd quarter. Morgan Stanley now owns 2,511,365 shares of the oil and gas producer’s stock valued at $22,401,000 after purchasing an additional 1,660,970 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Murphy Oil by 531.7% during the 3rd quarter. Earnest Partners LLC now owns 1,092,425 shares of the oil and gas producer’s stock valued at $9,744,000 after buying an additional 919,484 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Murphy Oil by 309.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 1,072,225 shares of the oil and gas producer’s stock worth $9,564,000 after buying an additional 810,370 shares during the last quarter. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MUR opened at $15.71 on Tuesday. The firm has a fifty day simple moving average of $13.87 and a two-hundred day simple moving average of $11.64. Murphy Oil Co. has a 12 month low of $4.50 and a 12 month high of $21.26. The company has a current ratio of 1.20, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $2.41 billion, a PE ratio of -2.30 and a beta of 3.33.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, January 27th. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Murphy Oil had a negative net margin of 46.10% and a negative return on equity of 3.06%. The company had revenue of $440.10 million for the quarter, compared to analysts’ expectations of $477.63 million. During the same quarter in the prior year, the firm earned $0.16 EPS. Murphy Oil’s quarterly revenue was down 41.9% compared to the same quarter last year. On average, sell-side analysts predict that Murphy Oil Co. will post -1.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 1st. Stockholders of record on Tuesday, February 16th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, February 12th. Murphy Oil’s dividend payout ratio is currently 57.47%.

In related news, SVP Thomas J. Mireles sold 6,900 shares of the business’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $14.41, for a total transaction of $99,429.00. Following the sale, the senior vice president now owns 37,500 shares of the company’s stock, valued at $540,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Walentin Mirosh sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 16th. The stock was sold at an average price of $12.61, for a total transaction of $25,220.00. Following the completion of the sale, the director now owns 25,190 shares in the company, valued at approximately $317,645.90. The disclosure for this sale can be found here. Insiders have sold 61,015 shares of company stock worth $849,590 over the last 90 days. 6.59% of the stock is currently owned by corporate insiders.

Several research analysts have commented on MUR shares. KeyCorp lifted their price target on shares of Murphy Oil from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, January 21st. Credit Suisse Group reduced their price objective on Murphy Oil from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, January 29th. Scotiabank upgraded Murphy Oil from a “sector underperform” rating to a “sector perform” rating and increased their target price for the company from $11.00 to $16.00 in a report on Thursday, January 14th. Morgan Stanley upgraded Murphy Oil from an “underweight” rating to an “equal weight” rating and set a $14.00 price target on the stock in a research report on Friday, December 11th. Finally, Wells Fargo & Company downgraded Murphy Oil from an “equal weight” rating to an “underweight” rating and set a $11.00 price objective for the company. in a research report on Tuesday, December 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $13.83.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and natural 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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