Foundry Partners LLC Has $6.51 Million Stock Position in Murphy Oil Co. (NYSE:MUR)

Foundry Partners LLC increased its position in Murphy Oil Co. (NYSE:MUR - Free Report) by 20.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,060 shares of the oil and gas producer's stock after purchasing an additional 33,080 shares during the quarter. Foundry Partners LLC owned approximately 0.13% of Murphy Oil worth $6,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MUR. Signaturefd LLC raised its position in shares of Murphy Oil by 14.5% in the 2nd quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer's stock valued at $101,000 after acquiring an additional 310 shares during the period. Lindenwold Advisors INC boosted its position in shares of Murphy Oil by 3.5% during the third quarter. Lindenwold Advisors INC now owns 10,529 shares of the oil and gas producer's stock worth $355,000 after purchasing an additional 358 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Murphy Oil by 16.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer's stock valued at $129,000 after buying an additional 438 shares during the period. Clear Creek Financial Management LLC increased its position in shares of Murphy Oil by 8.1% in the 3rd quarter. Clear Creek Financial Management LLC now owns 6,574 shares of the oil and gas producer's stock valued at $222,000 after buying an additional 494 shares in the last quarter. Finally, Mather Group LLC. raised its stake in Murphy Oil by 1,015.7% during the 2nd quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer's stock worth $26,000 after buying an additional 518 shares during the period. 78.31% of the stock is owned by institutional investors.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $32.99 on Thursday. The stock has a market capitalization of $4.81 billion, a PE ratio of 10.64 and a beta of 2.21. Murphy Oil Co. has a 52 week low of $30.99 and a 52 week high of $49.14. The stock has a 50 day moving average price of $33.66 and a 200 day moving average price of $37.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.65 and a current ratio of 0.71.

Murphy Oil (NYSE:MUR - Get Free Report) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm had revenue of $758.33 million during the quarter, compared to the consensus estimate of $759.74 million. During the same period in the prior year, the business posted $1.59 earnings per share. Murphy Oil's quarterly revenue was down 21.0% compared to the same quarter last year. Analysts predict that Murphy Oil Co. will post 3.23 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.64%. Murphy Oil's payout ratio is 38.71%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MUR shares. Barclays decreased their target price on Murphy Oil from $38.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. KeyCorp cut their price target on shares of Murphy Oil from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. UBS Group dropped their price objective on shares of Murphy Oil from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday. BMO Capital Markets cut their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Finally, Truist Financial lowered their target price on Murphy Oil from $55.00 to $42.00 and set a "buy" rating for the company in a report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Murphy Oil currently has an average rating of "Hold" and an average target price of $40.92.

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.

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