American Century Companies Inc. Has $69.04 Million Stock Position in Murphy Oil Corporation $MUR

American Century Companies Inc. grew its holdings in Murphy Oil Corporation (NYSE:MUR - Free Report) by 44.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,068,290 shares of the oil and gas producer's stock after purchasing an additional 950,630 shares during the period. American Century Companies Inc. owned about 2.15% of Murphy Oil worth $69,037,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors have also modified their holdings of the company. Jump Financial LLC lifted its stake in shares of Murphy Oil by 489.1% in the first quarter. Jump Financial LLC now owns 399,104 shares of the oil and gas producer's stock worth $11,335,000 after buying an additional 331,355 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Murphy Oil by 11.4% in the first quarter. Hsbc Holdings PLC now owns 134,575 shares of the oil and gas producer's stock valued at $3,851,000 after buying an additional 13,759 shares during the period. Cadence Bank lifted its position in shares of Murphy Oil by 5.8% in the 1st quarter. Cadence Bank now owns 1,754,353 shares of the oil and gas producer's stock worth $49,824,000 after acquiring an additional 96,126 shares during the period. Old West Investment Management LLC acquired a new stake in Murphy Oil during the first quarter worth $2,840,000. Finally, Element Capital Management LLC acquired a new stake in shares of Murphy Oil during the 1st quarter valued at about $2,731,000. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Stock Performance

NYSE MUR opened at $31.39 on Thursday. Murphy Oil Corporation has a 1 year low of $18.94 and a 1 year high of $34.52. The firm's 50 day simple moving average is $28.85 and its 200 day simple moving average is $25.66. The company has a current ratio of 0.84, a quick ratio of 0.77 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 16.26 and a beta of 0.99.

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Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $440.08 million for the quarter. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%. As a group, research analysts expect that Murphy Oil Corporation will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, November 17th. Murphy Oil's dividend payout ratio (DPR) is presently 132.65%.

Wall Street Analyst Weigh In

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MUR has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Murphy Oil from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. UBS Group upped their target price on shares of Murphy Oil from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, October 14th. Wells Fargo & Company raised their price target on Murphy Oil from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, November 14th. Piper Sandler restated a "neutral" rating and set a $34.00 price objective on shares of Murphy Oil in a report on Tuesday, November 18th. Finally, Mizuho increased their price target on Murphy Oil from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Thursday, November 6th. Thirteen research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Murphy Oil currently has an average rating of "Reduce" and a consensus price target of $28.50.

Read Our Latest Analysis on MUR

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.

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