Mutual of America Capital Management LLC Cuts Stake in Murphy Oil Corporation $MUR

Mutual of America Capital Management LLC lowered its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,716 shares of the oil and gas producer’s stock after selling 3,843 shares during the period. Mutual of America Capital Management LLC’s holdings in Murphy Oil were worth $1,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Praxis Investment Management Inc. increased its stake in shares of Murphy Oil by 57.0% during the second quarter. Praxis Investment Management Inc. now owns 12,700 shares of the oil and gas producer’s stock worth $286,000 after purchasing an additional 4,610 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Murphy Oil by 177.0% during the second quarter. Allianz Asset Management GmbH now owns 143,001 shares of the oil and gas producer’s stock worth $3,218,000 after purchasing an additional 91,375 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Murphy Oil during the second quarter worth about $469,000. CWM LLC increased its stake in shares of Murphy Oil by 170.7% during the second quarter. CWM LLC now owns 35,196 shares of the oil and gas producer’s stock worth $792,000 after purchasing an additional 22,195 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Murphy Oil by 45.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,444 shares of the oil and gas producer’s stock worth $1,495,000 after purchasing an additional 20,904 shares in the last quarter. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Trading Down 1.5%

MUR opened at $28.98 on Monday. Murphy Oil Corporation has a one year low of $18.94 and a one year high of $34.52. The stock has a market capitalization of $4.14 billion, a PE ratio of 15.01 and a beta of 1.03. The business’s 50 day moving average price is $26.86 and its 200 day moving average price is $24.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) EPS for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. The business had revenue of $440.08 million during the quarter. As a group, equities research analysts expect that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.325 dividend. This represents a $1.30 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, November 17th. Murphy Oil’s dividend payout ratio is currently 67.36%.

Wall Street Analyst Weigh In

MUR has been the subject of a number of research reports. Evercore ISI cut their target price on shares of Murphy Oil from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Monday, October 6th. Zacks Research lowered shares of Murphy Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Morgan Stanley lowered their price target on shares of Murphy Oil from $28.00 to $27.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 14th. UBS Group boosted their price target on shares of Murphy Oil from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Barclays boosted their price target on shares of Murphy Oil from $22.00 to $23.00 and gave the stock an “underweight” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $28.25.

Murphy Oil 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.