Nisa Investment Advisors LLC Has $2.60 Million Holdings in Murphy Oil Co. (NYSE:MUR)

Nisa Investment Advisors LLC reduced its stake in shares of Murphy Oil Co. (NYSE:MUR) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 63,108 shares of the oil and gas producer’s stock after selling 1,869 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Murphy Oil were worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Murphy Oil by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock valued at $335,397,000 after purchasing an additional 207,547 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Murphy Oil by 11.9% in the 4th quarter. Natixis Advisors L.P. now owns 164,568 shares of the oil and gas producer’s stock valued at $7,020,000 after buying an additional 17,556 shares during the period. Duality Advisers LP increased its holdings in Murphy Oil by 364.6% in the 1st quarter. Duality Advisers LP now owns 113,451 shares of the oil and gas producer’s stock valued at $5,185,000 after buying an additional 89,032 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Murphy Oil by 138.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,702 shares of the oil and gas producer’s stock valued at $1,357,000 after buying an additional 17,265 shares during the period. Finally, DRW Securities LLC increased its holdings in Murphy Oil by 280.0% in the 4th quarter. DRW Securities LLC now owns 72,200 shares of the oil and gas producer’s stock valued at $3,080,000 after buying an additional 53,201 shares during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MUR. Truist Financial lowered their price target on shares of Murphy Oil from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered shares of Murphy Oil from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $47.00 in a report on Thursday, August 15th. Piper Sandler lowered their price target on shares of Murphy Oil from $54.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Wolfe Research started coverage on shares of Murphy Oil in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Barclays lowered their target price on shares of Murphy Oil from $54.00 to $46.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Murphy Oil has an average rating of “Hold” and an average price target of $48.36.

Murphy Oil Stock Performance

Murphy Oil stock opened at $36.80 on Wednesday. The company has a market cap of $5.61 billion, a PE ratio of 10.25 and a beta of 2.25. The company’s 50-day moving average is $39.71 and its two-hundred day moving average is $41.77. 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 Co. has a 1 year low of $35.61 and a 1 year high of $49.14.

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

Murphy Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given 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 3.26%. Murphy Oil’s dividend payout ratio is 33.43%.

About Murphy Oil

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.