Murphy Oil Co. (NYSE:MUR) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its holdings in Murphy Oil Co. (NYSE:MUR) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,642 shares of the oil and gas producer’s stock after selling 1,458 shares during the period. Ameritas Investment Partners Inc. owned about 0.05% of Murphy Oil worth $3,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Lindbrook Capital LLC boosted its holdings 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 purchasing an additional 233 shares during the period. Signaturefd LLC boosted its stake in shares of Murphy Oil by 14.5% in the 2nd quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock valued at $101,000 after buying an additional 310 shares during the period. CWM LLC grew its position in shares of Murphy Oil by 14.0% during the first quarter. CWM LLC now owns 2,547 shares of the oil and gas producer’s stock worth $116,000 after buying an additional 313 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Murphy Oil by 1.1% during the first quarter. State of Michigan Retirement System now owns 35,647 shares of the oil and gas producer’s stock worth $1,629,000 after buying an additional 400 shares during the period. Finally, Equitable Trust Co. raised its holdings in Murphy Oil by 6.2% in the first quarter. Equitable Trust Co. now owns 6,940 shares of the oil and gas producer’s stock valued at $317,000 after acquiring an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MUR shares. Scotiabank cut shares of Murphy Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Piper Sandler lowered their target price on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. StockNews.com cut Murphy Oil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. decreased their price target on Murphy Oil from $47.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Finally, Truist Financial dropped their price objective on Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Murphy Oil currently has an average rating of “Hold” and an average target price of $45.00.

Murphy Oil Trading Down 1.1 %

NYSE:MUR opened at $35.62 on Friday. The company has a market capitalization of $5.43 billion, a PE ratio of 9.92 and a beta of 2.21. Murphy Oil Co. has a 52-week low of $33.15 and a 52-week high of $49.14. The stock’s 50 day moving average price is $37.64 and its 200 day moving average price is $41.26. 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 (NYSE:MUR) last announced its earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The business had revenue of $802.80 million for the quarter, compared to analyst estimates of $813.97 million. During the same period last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts anticipate that Murphy Oil Co. will post 3.99 EPS for the current year.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. 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.