United Asset Strategies Inc. boosted its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,599 shares of the oil and gas producer’s stock after buying an additional 675 shares during the period. United Asset Strategies Inc.’s holdings in Murphy Oil were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased its holdings in shares of Murphy Oil by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 43,600 shares of the oil and gas producer’s stock valued at $1,277,000 after purchasing an additional 400 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in Murphy Oil by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 30,080 shares of the oil and gas producer’s stock worth $741,000 after acquiring an additional 420 shares during the period. PNC Financial Services Group Inc. grew its holdings in Murphy Oil by 0.9% during the first quarter. PNC Financial Services Group Inc. now owns 54,738 shares of the oil and gas producer’s stock worth $1,603,000 after acquiring an additional 501 shares during the period. First Hawaiian Bank grew its holdings in Murphy Oil by 3.8% during the second quarter. First Hawaiian Bank now owns 16,062 shares of the oil and gas producer’s stock worth $396,000 after acquiring an additional 583 shares during the period. Finally, Alpha Windward LLC grew its holdings in Murphy Oil by 5.3% during the first quarter. Alpha Windward LLC now owns 16,609 shares of the oil and gas producer’s stock worth $487,000 after acquiring an additional 840 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Several research firms recently commented on MUR. Credit Suisse Group dropped their target price on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. TheStreet lowered Murphy Oil from a “b” rating to a “c” rating in a report on Tuesday, May 14th. ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Capital One Financial began coverage on Murphy Oil in a report on Wednesday, July 10th. They set an “overweight” rating and a $37.00 target price on the stock. Finally, Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, June 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Murphy Oil currently has an average rating of “Hold” and a consensus target price of $33.31.

MUR stock traded down $1.24 during mid-day trading on Wednesday, reaching $18.47. 91,956 shares of the company’s stock were exchanged, compared to its average volume of 2,349,086. The firm has a market capitalization of $3.30 billion, a P/E ratio of 14.60 and a beta of 1.94. The firm has a 50 day moving average of $22.94. The company has a current ratio of 1.25, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. Murphy Oil Co. has a 12-month low of $19.08 and a 12-month high of $36.53.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $612.71 million. Murphy Oil had a return on equity of 3.48% and a net margin of 12.37%. Murphy Oil’s revenue for the quarter was up 81.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 earnings per share. Analysts predict that Murphy Oil Co. will post 0.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be given a $0.25 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.41%. Murphy Oil’s dividend payout ratio (DPR) is presently 79.37%.

Murphy Oil Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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