American Century Companies Inc. bought a new position in shares of Murphy Oil Co. (NYSE:MUR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,641 shares of the oil and gas producer’s stock, valued at approximately $224,000.
Other institutional investors also recently bought and sold shares of the company. Legacy Financial Advisors Inc. purchased a new position in Murphy Oil during the second quarter worth approximately $135,000. North Star Investment Management Corp. purchased a new position in Murphy Oil during the second quarter worth approximately $142,000. Penserra Capital Management LLC purchased a new position in Murphy Oil during the first quarter worth approximately $124,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Murphy Oil during the second quarter worth approximately $201,000. Finally, Foundation Resource Management Inc. purchased a new position in Murphy Oil during the second quarter worth approximately $203,000. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Barclays increased their price target on Murphy Oil from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Wells Fargo & Co lowered their price target on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a research report on Friday, August 10th. Morgan Stanley lowered their price target on Murphy Oil from $26.00 to $24.00 and set a “sell” rating on the stock in a research report on Thursday, August 16th. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, August 24th. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of Murphy Oil in a research report on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $33.30.
Shares of NYSE MUR traded up $0.39 during midday trading on Friday, hitting $33.99. The stock had a trading volume of 1,053,035 shares, compared to its average volume of 2,056,562. The company has a market cap of $5.77 billion, a PE ratio of -261.46 and a beta of 2.25. Murphy Oil Co. has a 1 year low of $24.39 and a 1 year high of $35.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.46 and a quick ratio of 1.35.
Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The business had revenue of $655.15 million for the quarter, compared to the consensus estimate of $623.76 million. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. On average, equities research analysts anticipate that Murphy Oil Co. will post 1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be given a $0.25 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.94%. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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