American Century Companies Inc. purchased a new position in Murphy Oil Co. (NYSE:MUR) during the 2nd quarter, Holdings Channel reports. The fund purchased 6,641 shares of the oil and gas producer’s stock, valued at approximately $224,000.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Murphy Oil by 2.3% in the first quarter. BlackRock Inc. now owns 15,822,819 shares of the oil and gas producer’s stock worth $408,861,000 after acquiring an additional 362,511 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Murphy Oil by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 5,630,021 shares of the oil and gas producer’s stock worth $145,480,000 after acquiring an additional 313,027 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Murphy Oil by 4.3% in the first quarter. Principal Financial Group Inc. now owns 1,092,164 shares of the oil and gas producer’s stock worth $28,221,000 after acquiring an additional 44,877 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Murphy Oil by 3.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 881,655 shares of the oil and gas producer’s stock worth $29,774,000 after acquiring an additional 31,304 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Murphy Oil by 94.2% in the first quarter. Millennium Management LLC now owns 763,921 shares of the oil and gas producer’s stock worth $19,740,000 after acquiring an additional 370,598 shares in the last quarter. Institutional investors and hedge funds own 89.62% of the company’s stock.

Several brokerages recently weighed in on MUR. Zacks Investment Research lowered Murphy Oil from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. KLR Group reissued a “buy” rating and issued a $39.00 price objective on shares of Murphy Oil in a report on Monday, August 20th. Morgan Stanley lowered their price objective on Murphy Oil from $26.00 to $24.00 and set a “sell” rating for the company in a report on Thursday, August 16th. Wells Fargo & Co lowered their price objective on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, August 10th. Finally, Mizuho began coverage on Murphy Oil in a report on Monday, July 23rd. They issued an “underperform” rating and a $36.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.30.

Shares of Murphy Oil stock opened at $30.75 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.46 and a quick ratio of 1.35. The stock has a market capitalization of $5.35 billion, a P/E ratio of -238.77 and a beta of 2.26. Murphy Oil Co. has a fifty-two week low of $24.39 and a fifty-two week high of $35.98.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm had revenue of $655.15 million during the quarter, compared to analyst estimates of $623.76 million. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. Murphy Oil’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) earnings per share. equities research analysts anticipate that Murphy Oil Co. will post 1.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, August 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Friday, August 10th. Murphy Oil’s dividend payout ratio is currently -769.23%.

About Murphy Oil

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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