Brandywine Global Investment Management LLC Has $10.22 Million Stock Holdings in Murphy Oil Corporation $MUR

Brandywine Global Investment Management LLC increased its position in Murphy Oil Corporation (NYSE:MUR) by 351.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,156 shares of the oil and gas producer’s stock after buying an additional 254,675 shares during the period. Brandywine Global Investment Management LLC owned 0.23% of Murphy Oil worth $10,224,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of Murphy Oil by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 11,091 shares of the oil and gas producer’s stock valued at $347,000 after buying an additional 400 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Murphy Oil in the 4th quarter valued at about $409,000. Greenwich Wealth Management LLC grew its stake in shares of Murphy Oil by 2.4% in the 4th quarter. Greenwich Wealth Management LLC now owns 20,584 shares of the oil and gas producer’s stock valued at $643,000 after buying an additional 492 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Murphy Oil by 43.3% in the 4th quarter. Hantz Financial Services Inc. now owns 15,296 shares of the oil and gas producer’s stock valued at $478,000 after buying an additional 4,620 shares during the period. Finally, Coldstream Capital Management Inc. grew its stake in shares of Murphy Oil by 9.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 7,877 shares of the oil and gas producer’s stock valued at $246,000 after buying an additional 679 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Price Performance

MUR stock opened at $38.59 on Wednesday. Murphy Oil Corporation has a 52-week low of $21.86 and a 52-week high of $43.34. The business has a 50-day simple moving average of $39.03 and a two-hundred day simple moving average of $35.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. The company has a market capitalization of $5.53 billion, a P/E ratio of 65.41 and a beta of 0.50.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The firm had revenue of $732.35 million for the quarter, compared to analysts’ expectations of $702.96 million. During the same quarter last year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Research analysts expect that Murphy Oil Corporation will post 3.48 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.6%. Murphy Oil’s dividend payout ratio (DPR) is currently 237.29%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Roth Mkm reiterated a “neutral” rating and set a $36.00 price target on shares of Murphy Oil in a research note on Thursday, May 7th. Morgan Stanley reiterated an “underweight” rating on shares of Murphy Oil in a research note on Friday, March 27th. KeyCorp upgraded Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 price target for the company in a research note on Thursday, June 4th. Piper Sandler upgraded Murphy Oil from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $33.00 to $41.00 in a research note on Thursday, March 12th. Finally, Scotiabank reiterated a “sector perform” rating and set a $44.00 price target on shares of Murphy Oil in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Murphy Oil currently has an average rating of “Hold” and a consensus target price of $37.75.

Murphy Oil Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.