American Century Companies Inc. Increases Stock Position in Murphy Oil Co. (NYSE:MUR)

American Century Companies Inc. raised its position in Murphy Oil Co. (NYSE:MUR) by 3.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 845,282 shares of the oil and gas producer’s stock after buying an additional 27,106 shares during the period. American Century Companies Inc. owned about 0.55% of Murphy Oil worth $34,859,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mather Group LLC. increased its stake in shares of Murphy Oil by 1,015.7% in the 2nd quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 518 shares in the last quarter. Rise Advisors LLC purchased a new stake in shares of Murphy Oil in the first quarter valued at approximately $30,000. Lindbrook Capital LLC raised its stake in shares of Murphy Oil by 47.7% during the 1st quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 233 shares during the period. Headlands Technologies LLC lifted its position in shares of Murphy Oil by 1,434.5% during the 2nd quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock valued at $53,000 after buying an additional 1,205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Murphy Oil by 27.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock valued at $96,000 after acquiring an additional 447 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Analyst Upgrades and Downgrades

MUR has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Truist Financial decreased their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Piper Sandler cut their price objective on Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. JPMorgan Chase & Co. decreased their target price on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, Morgan Stanley dropped their price target on Murphy Oil from $43.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Murphy Oil has an average rating of “Hold” and a consensus price target of $45.55.

Murphy Oil Stock Up 3.0 %

NYSE MUR opened at $35.36 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. Murphy Oil Co. has a 52 week low of $33.15 and a 52 week high of $49.14. The business’s fifty day simple moving average is $38.05 and its 200-day simple moving average is $41.38. The firm has a market cap of $5.40 billion, a PE ratio of 9.85 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last posted its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. The company had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. Murphy Oil’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.79 EPS. As a group, equities analysts anticipate that Murphy Oil Co. will post 3.99 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.39%. Murphy Oil’s dividend payout ratio (DPR) is 33.43%.

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.