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

Mutual of America Capital Management LLC boosted its holdings in Murphy Oil Co. (NYSE:MUR) by 0.8% in the 3rd quarter, Holdings Channel reports. The firm owned 220,497 shares of the oil and gas producer’s stock after purchasing an additional 1,758 shares during the period. Mutual of America Capital Management LLC’s holdings in Murphy Oil were worth $7,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of MUR. Covestor Ltd raised its holdings in shares of Murphy Oil by 266.8% in the third quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 539 shares during the last quarter. Mather Group LLC. increased its position in 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 acquiring an additional 518 shares during the period. Reston Wealth Management LLC purchased a new stake in Murphy Oil during the 3rd quarter valued at approximately $27,000. Compass Wealth Management LLC acquired a new stake in Murphy Oil during the 3rd quarter worth approximately $42,000. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Murphy Oil by 106.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 758 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MUR shares. The Goldman Sachs Group decreased their price target on Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, October 7th. UBS Group reduced their target price on shares of Murphy Oil from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday. Barclays cut their price target on shares of Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. KeyCorp lowered their price objective on Murphy Oil from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reduced 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. Ten equities research 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 currently has an average rating of “Hold” and a consensus target price of $40.92.

Murphy Oil Trading Up 2.5 %

Shares of MUR stock opened at $33.00 on Tuesday. Murphy Oil Co. has a fifty-two week low of $30.99 and a fifty-two week high of $49.14. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $33.71 and a 200-day simple moving average of $37.82. The stock has a market cap of $4.81 billion, a P/E ratio of 10.65 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The business had revenue of $758.33 million for the quarter, compared to analyst estimates of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The business’s revenue was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS. On average, analysts forecast that Murphy Oil Co. will post 3.3 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 3.64%. The ex-dividend date is Monday, November 18th. Murphy Oil’s dividend payout ratio (DPR) is presently 38.71%.

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.