American Century Companies Inc. Increases Stock Position in Murphy Oil Corporation $MUR

Key Points

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American Century Companies Inc. lifted its holdings in Murphy Oil Corporation (NYSE:MUR - Free Report) by 26.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,117,660 shares of the oil and gas producer's stock after buying an additional 443,070 shares during the period. American Century Companies Inc. owned about 1.48% of Murphy Oil worth $60,142,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Cerity Partners LLC grew its stake in Murphy Oil by 18.6% in the 4th quarter. Cerity Partners LLC now owns 9,576 shares of the oil and gas producer's stock worth $304,000 after acquiring an additional 1,503 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Murphy Oil by 74.1% in the fourth quarter. Renaissance Technologies LLC now owns 108,100 shares of the oil and gas producer's stock valued at $3,271,000 after acquiring an additional 46,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Murphy Oil in the fourth quarter valued at approximately $3,846,000. Sterling Capital Management LLC boosted its stake in Murphy Oil by 830.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,614 shares of the oil and gas producer's stock valued at $140,000 after acquiring an additional 4,118 shares in the last quarter. Finally, Mariner LLC boosted its stake in Murphy Oil by 3.8% in the fourth quarter. Mariner LLC now owns 28,585 shares of the oil and gas producer's stock valued at $865,000 after acquiring an additional 1,036 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MUR shares. Johnson Rice cut shares of Murphy Oil from an "accumulate" rating to a "hold" rating in a report on Wednesday, May 21st. Scotiabank reaffirmed a "sector perform" rating and issued a $26.00 price target (up previously from $22.00) on shares of Murphy Oil in a report on Friday, July 11th. Piper Sandler reaffirmed an "overweight" rating and issued a $32.00 price target (up previously from $30.00) on shares of Murphy Oil in a report on Thursday. Wells Fargo & Company set a $24.00 target price on shares of Murphy Oil and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Finally, UBS Group raised their target price on shares of Murphy Oil from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $29.69.

Murphy Oil Stock Performance

MUR opened at $22.36 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.19 billion, a PE ratio of 11.59 and a beta of 1.13. The firm's 50-day moving average price is $24.41 and its 200 day moving average price is $24.14. Murphy Oil Corporation has a twelve month low of $18.94 and a twelve month high of $39.46.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The company had revenue of $695.57 million for the quarter, compared to analyst estimates of $632.51 million. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. Murphy Oil's revenue was down 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. As a group, sell-side analysts expect that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, August 18th. Murphy Oil's payout ratio is 67.36%.

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.

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