Mutual of America Capital Management LLC Boosts Stake in Murphy Oil Co. (NYSE:MUR)

Mutual of America Capital Management LLC lifted its holdings in Murphy Oil Co. (NYSE:MUR) by 30.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,512 shares of the oil and gas producer’s stock after purchasing an additional 43,580 shares during the period. Mutual of America Capital Management LLC owned about 0.12% of Murphy Oil worth $8,042,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of MUR. Bruce G. Allen Investments LLC acquired a new position in shares of Murphy Oil during the 4th quarter worth approximately $29,000. Belpointe Asset Management LLC increased its stake in shares of Murphy Oil by 68.2% during the first quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 365 shares in the last quarter. Financial Management Professionals Inc. raised its position in shares of Murphy Oil by 7,940.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 794 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Murphy Oil in the 3rd quarter valued at about $40,000. Finally, Qube Research & Technologies Ltd purchased a new position in Murphy Oil in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Insiders Place Their Bets

In related news, VP Louis W. Utsch sold 30,260 shares of Murphy Oil stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total value of $1,208,584.40. Following the completion of the transaction, the vice president now owns 9,504 shares in the company, valued at $379,589.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Murphy Oil news, VP Louis W. Utsch sold 30,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total value of $1,208,584.40. Following the completion of the transaction, the vice president now owns 9,504 shares of the company’s stock, valued at approximately $379,589.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Maria A. Martinez sold 10,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $43.35, for a total value of $433,500.00. Following the sale, the vice president now directly owns 40,590 shares in the company, valued at approximately $1,759,576.50. The disclosure for this sale can be found here. Insiders have sold 156,260 shares of company stock worth $6,322,644 over the last three months. Company insiders own 5.92% of the company’s stock.

Wall Street Analysts Forecast Growth

MUR has been the topic of several research reports. Roth Mkm restated a “buy” rating on shares of Murphy Oil in a research report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their price target on shares of Murphy Oil from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Piper Sandler cut their price objective on shares of Murphy Oil from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. Barclays initiated coverage on Murphy Oil in a report on Wednesday. They set an “equal weight” rating and a $54.00 target price on the stock. Finally, Scotiabank cut Murphy Oil from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $46.00 to $50.00 in a report on Thursday. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Murphy Oil currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.23.

Murphy Oil Trading Down 0.8 %

Shares of MUR stock opened at $47.71 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.82. The firm has a market cap of $7.28 billion, a PE ratio of 11.31 and a beta of 2.21. The company has a 50-day moving average of $42.20 and a two-hundred day moving average of $42.58. Murphy Oil Co. has a 1-year low of $32.80 and a 1-year high of $49.14.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The firm had revenue of $844.20 million for the quarter, compared to analyst estimates of $852.24 million. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, analysts predict that Murphy Oil Co. will post 4.69 EPS for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s dividend payout ratio is currently 28.44%.

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.