Hotchkis & Wiley Capital Management LLC Has $88.66 Million Stock Position in Murphy Oil Co. (NYSE:MUR)

Hotchkis & Wiley Capital Management LLC boosted its position in Murphy Oil Co. (NYSE:MUR - Free Report) by 2.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,627,701 shares of the oil and gas producer's stock after purchasing an additional 58,220 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.80% of Murphy Oil worth $88,659,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

MUR has been the subject of several research reports. Scotiabank reduced their target price on shares of Murphy Oil from $47.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. BMO Capital Markets dropped their price objective on shares of Murphy Oil from $42.00 to $40.00 and set a "market perform" rating for the company in a report on Friday, October 4th. KeyCorp reduced their price objective 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. The Goldman Sachs Group reduced their price target on shares of Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, October 7th. Finally, 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, November 18th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.92.

Murphy Oil Stock Performance

NYSE MUR traded down $0.04 during trading on Tuesday, reaching $32.32. The company's stock had a trading volume of 1,078,347 shares, compared to its average volume of 1,647,879. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 10.43 and a beta of 2.18. Murphy Oil Co. has a 12 month low of $30.99 and a 12 month high of $49.14. The firm has a 50 day moving average price of $33.29 and a 200 day moving average price of $37.01.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). The firm had revenue of $758.33 million during the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. Murphy Oil's quarterly revenue was down 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 earnings per share. As a group, equities analysts anticipate that Murphy Oil Co. will post 3.15 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, November 18th. Murphy Oil's payout ratio is presently 38.71%.

About Murphy Oil

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.