Mutual of America Capital Management LLC Has $2 Million Stock Holdings in Murphy Oil Corporation (NYSE:MUR)

Mutual of America Capital Management LLC lowered its stake in Murphy Oil Corporation (NYSE:MUR - Free Report) by 69.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,559 shares of the oil and gas producer's stock after selling 160,307 shares during the quarter. Mutual of America Capital Management LLC's holdings in Murphy Oil were worth $2,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MUR. Huntington National Bank increased its position in shares of Murphy Oil by 342.8% during the fourth quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock valued at $25,000 after buying an additional 641 shares during the period. Riverview Trust Co bought a new stake in Murphy Oil during the first quarter worth about $26,000. GeoWealth Management LLC purchased a new position in shares of Murphy Oil in the 4th quarter worth about $39,000. Byrne Asset Management LLC purchased a new position in shares of Murphy Oil in the 1st quarter worth about $44,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Murphy Oil by 177.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,725 shares of the oil and gas producer's stock worth $49,000 after purchasing an additional 1,104 shares during the last quarter. Institutional investors own 78.31% of the company's stock.

Murphy Oil Price Performance

MUR stock opened at $24.49 on Friday. Murphy Oil Corporation has a 52-week low of $18.95 and a 52-week high of $41.81. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 9.42 and a beta of 1.09. The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $23.35 and its 200-day simple moving average is $25.19.

Murphy Oil (NYSE:MUR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. Murphy Oil had a return on equity of 6.81% and a net margin of 13.47%. The firm had revenue of $665.71 million for the quarter, compared to analysts' expectations of $684.89 million. During the same quarter last year, the firm earned $0.85 earnings per share. The firm's revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts expect that Murphy Oil Corporation will post 2.94 EPS for the current year.

Wall Street Analyst Weigh In

MUR has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Murphy Oil from $35.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Roth Capital downgraded Murphy Oil from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $27.00 to $25.00 in a research report on Thursday, May 15th. KeyCorp reiterated a "sector weight" rating on shares of Murphy Oil in a research note on Monday, April 21st. Wells Fargo & Company set a $24.00 price target on Murphy Oil and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley decreased their price target on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Murphy Oil presently has a consensus rating of "Hold" and an average target price of $29.46.

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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