Mather Group LLC. Has $26,000 Stock Position in Murphy Oil Co. (NYSE:MUR) (2024)

Posted by ABMN Staff on Aug 11th, 2024

Mather Group LLC. raised its stake in Murphy Oil Co. (NYSE:MUR – Free Report) by 1,015.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 569 shares of the oil and gas producer’s stock after acquiring an additional 518 shares during the quarter. Mather Group LLC.’s holdings in Murphy Oil were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MUR. Dimensional Fund Advisors LP increased its position in Murphy Oil by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock worth $335,397,000 after purchasing an additional 207,547 shares during the period. Earnest Partners LLC lifted its holdings in Murphy Oil by 7.7% in the first quarter. Earnest Partners LLC now owns 2,737,409 shares of the oil and gas producer’s stock valued at $125,100,000 after buying an additional 195,906 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Murphy Oil by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,777,408 shares of the oil and gas producer’s stock valued at $75,824,000 after acquiring an additional 45,236 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Murphy Oil by 23.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,132,305 shares of the oil and gas producer’s stock worth $51,746,000 after acquiring an additional 212,100 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Murphy Oil by 0.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 573,470 shares of the oil and gas producer’s stock valued at $26,208,000 after acquiring an additional 3,938 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MUR. Scotiabank decreased their price objective on Murphy Oil from $50.00 to $47.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Mizuho upped their price target on Murphy Oil from $55.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Wolfe Research began coverage on shares of Murphy Oil in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Truist Financial lowered their target price on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Finally, StockNews.com cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.27.

Check Out Our Latest Analysis on Murphy Oil

Murphy Oil Price Performance

MUR stock opened at $36.98 on Friday. The stock has a 50-day moving average price of $40.04 and a two-hundred day moving average price of $41.81. Murphy Oil Co. has a 1 year low of $35.61 and a 1 year high of $49.14. The stock has a market cap of $5.64 billion, a PE ratio of 10.30 and a beta of 2.25. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The business had revenue of $802.80 million during the quarter, compared to the consensus estimate of $813.97 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. Murphy Oil’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. Equities analysts forecast that Murphy Oil Co. will post 4.16 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th will be issued a $0.30 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.24%. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.