Mutual of America Capital Management LLC Grows Stock Position in Murphy Oil Co. (NYSE:MUR)

Mutual of America Capital Management LLC increased its holdings in Murphy Oil Co. (NYSE:MUR) by 21.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 218,739 shares of the oil and gas producer’s stock after acquiring an additional 38,334 shares during the period. Mutual of America Capital Management LLC owned approximately 0.14% of Murphy Oil worth $9,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mather Group LLC. lifted 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 during the last quarter. Rise Advisors LLC purchased a new stake in Murphy Oil in the 1st quarter valued at about $30,000. Lindbrook Capital LLC lifted its position in Murphy Oil by 47.7% in the first quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 233 shares during the last quarter. Headlands Technologies LLC boosted its stake in Murphy Oil by 1,434.5% during the second quarter. Headlands Technologies LLC now owns 1,289 shares of the oil and gas producer’s stock worth $53,000 after buying an additional 1,205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Murphy Oil by 27.0% during the first 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 last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Scotiabank lowered shares of Murphy Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Wolfe Research began coverage on Murphy Oil in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. StockNews.com downgraded Murphy Oil from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. UBS Group lowered their target price on Murphy Oil from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Murphy Oil from $47.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Murphy Oil Stock Down 0.2 %

MUR stock opened at $35.29 on Thursday. The company’s 50 day moving average price is $37.96 and its 200 day moving average price is $41.35. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 9.83 and a beta of 2.21. Murphy Oil Co. has a fifty-two week low of $33.15 and a fifty-two week high of $49.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.76 and a current ratio of 0.82.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $802.80 million for the quarter, compared to the consensus estimate of $813.97 million. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that Murphy Oil Co. will post 3.99 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, August 19th. Murphy Oil’s dividend payout ratio is presently 33.43%.

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.