Murphy Oil Co. (NYSE:MUR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its position in Murphy Oil Co. (NYSE:MUR) by 14.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 920,131 shares of the oil and gas producer’s stock after acquiring an additional 118,074 shares during the quarter. Victory Capital Management Inc. owned about 0.60% of Murphy Oil worth $37,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MUR. Mather Group LLC. lifted its holdings 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 purchasing an additional 518 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Murphy Oil in the first quarter worth about $30,000. Lindbrook Capital LLC lifted its stake in shares of Murphy Oil by 47.7% in the first quarter. Lindbrook Capital LLC now owns 721 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 233 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Murphy Oil by 27.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,105 shares of the oil and gas producer’s stock valued at $96,000 after acquiring an additional 447 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Murphy Oil by 14.5% during the 2nd quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer’s stock valued at $101,000 after acquiring an additional 310 shares in the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

Murphy Oil Price Performance

MUR stock opened at $34.52 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $38.72 and a 200 day moving average price of $41.58. The stock has a market cap of $5.21 billion, a price-to-earnings ratio of 9.62 and a beta of 2.21. Murphy Oil Co. has a fifty-two week low of $34.48 and a fifty-two week high of $49.14.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.73 by $0.08. Murphy Oil had a net margin of 17.32% and a return on equity of 11.68%. The firm had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. During the same quarter in the prior year, the firm earned $0.79 EPS. Murphy Oil’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities research analysts anticipate that Murphy Oil Co. will post 3.99 earnings per share for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.48%. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MUR. Piper Sandler lowered their target price on Murphy Oil from $54.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Wolfe Research began coverage on shares of Murphy Oil in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. cut Murphy Oil from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $47.00 in a report on Thursday, August 15th. Wells Fargo & Company dropped their target price on shares of Murphy Oil from $47.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, August 23rd. Finally, Truist Financial cut their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Murphy Oil presently has a consensus rating of “Hold” and an average target price of $47.91.

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.