Ameriprise Financial Inc. Has $64.99 Million Position in Murphy Oil Co. (NYSE:MUR)

Ameriprise Financial Inc. increased its stake in Murphy Oil Co. (NYSE:MUR - Free Report) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,147,590 shares of the oil and gas producer's stock after purchasing an additional 821,427 shares during the quarter. Ameriprise Financial Inc. owned about 1.47% of Murphy Oil worth $64,986,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Harbor Capital Advisors Inc. lifted its holdings in Murphy Oil by 1.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 25,069 shares of the oil and gas producer's stock worth $759,000 after purchasing an additional 450 shares during the period. Headlands Technologies LLC lifted its holdings in Murphy Oil by 32.9% in the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock valued at $58,000 after acquiring an additional 471 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in Murphy Oil by 60.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 543 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Murphy Oil by 32.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock valued at $69,000 after acquiring an additional 565 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Murphy Oil by 2.9% in the 4th quarter. Xponance Inc. now owns 19,916 shares of the oil and gas producer's stock valued at $603,000 after acquiring an additional 570 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company's stock.

Murphy Oil Stock Down 2.6%

Shares of MUR traded down $0.61 on Thursday, hitting $22.37. The company's stock had a trading volume of 1,015,688 shares, compared to its average volume of 3,166,857. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 8.32 and a beta of 1.10. The firm's fifty day moving average price is $23.44 and its 200-day moving average price is $27.78. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. Murphy Oil Co. has a fifty-two week low of $18.94 and a fifty-two week high of $43.98.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The company had revenue of $665.71 million for the quarter, compared to analysts' expectations of $684.89 million. During the same quarter in the prior year, the business posted $0.85 EPS. The business's revenue was down 15.4% compared to the same quarter last year. On average, equities research analysts expect that Murphy Oil Co. will post 2.94 EPS for the current year.

Murphy Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Friday, May 16th. Murphy Oil's dividend payout ratio is currently 50.00%.

Wall Street Analyst Weigh In

MUR has been the topic of several analyst reports. KeyCorp reissued a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their target price on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and set a $25.00 target price on the stock. in a research report on Thursday. Barclays dropped their target price on shares of Murphy Oil from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Friday, May 9th. Finally, Mizuho downgraded shares of Murphy Oil from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $32.00 to $31.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $29.31.

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.