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Segall Bryant & Hamill LLC Boosts Stock Position in Murphy Oil Co. (NYSE:MUR)

Murphy Oil logo with Oils/Energy background

Segall Bryant & Hamill LLC lifted its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 28.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,043,950 shares of the oil and gas producer's stock after acquiring an additional 231,007 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.72% of Murphy Oil worth $35,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its holdings in shares of Murphy Oil by 138.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,702 shares of the oil and gas producer's stock worth $1,357,000 after acquiring an additional 17,265 shares during the period. Mutual of America Capital Management LLC grew its stake in Murphy Oil by 21.2% in the second quarter. Mutual of America Capital Management LLC now owns 218,739 shares of the oil and gas producer's stock worth $9,021,000 after purchasing an additional 38,334 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Murphy Oil by 24.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 166,316 shares of the oil and gas producer's stock worth $6,859,000 after purchasing an additional 32,411 shares in the last quarter. Cetera Investment Advisers purchased a new position in Murphy Oil during the first quarter valued at $1,700,000. Finally, AXA S.A. boosted its holdings in shares of Murphy Oil by 86.5% during the 2nd quarter. AXA S.A. now owns 132,710 shares of the oil and gas producer's stock valued at $5,473,000 after buying an additional 61,537 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company's stock.

Murphy Oil Stock Up 0.1 %

NYSE MUR traded up $0.04 during trading on Wednesday, hitting $32.55. The company's stock had a trading volume of 341,201 shares, compared to its average volume of 1,656,798. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $4.75 billion, a PE ratio of 10.49 and a beta of 2.21. The business's 50 day simple moving average is $33.68 and its 200-day simple moving average is $37.74. Murphy Oil Co. has a fifty-two week low of $30.99 and a fifty-two week high of $49.14.

Murphy Oil (NYSE:MUR - Get Free Report) last released its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The firm had revenue of $758.33 million for the quarter, compared to analyst estimates of $759.74 million. During the same period last year, the firm earned $1.59 EPS. The company's revenue for the quarter was down 21.0% compared to the same quarter last year. On average, equities analysts anticipate that Murphy Oil Co. will post 3.3 EPS 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. Investors of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Monday, November 18th. Murphy Oil's dividend payout ratio (DPR) is 38.71%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Murphy Oil from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Friday, September 27th. Morgan Stanley lowered their price objective on Murphy Oil from $43.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their target price on Murphy Oil from $47.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Scotiabank lowered their price target on Murphy Oil from $47.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Finally, UBS Group cut their price objective on shares of Murphy Oil from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Monday. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $40.92.

View Our Latest Stock Report on Murphy Oil

About Murphy Oil

(Free Report)

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

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