Sumitomo Mitsui Trust Holdings Inc. bought a new position in Murphy Oil Co. (NYSE:MUR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,951 shares of the oil and gas producer’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. acquired a new stake in Murphy Oil in the second quarter worth $135,000. North Star Investment Management Corp. acquired a new stake in Murphy Oil in the second quarter worth $142,000. Penserra Capital Management LLC acquired a new stake in Murphy Oil in the first quarter worth $124,000. Foundation Resource Management Inc. acquired a new stake in Murphy Oil in the second quarter worth $203,000. Finally, Gofen & Glossberg LLC IL acquired a new stake in Murphy Oil in the second quarter worth $226,000. Institutional investors own 92.70% of the company’s stock.

Shares of NYSE:MUR opened at $29.46 on Monday. Murphy Oil Co. has a 12 month low of $22.21 and a 12 month high of $35.98. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.37 billion, a P/E ratio of -226.62 and a beta of 2.24.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Murphy Oil had a negative net margin of 6.19% and a positive return on equity of 2.32%. The business had revenue of $655.15 million for the quarter, compared to analyst estimates of $623.76 million. During the same period last year, the business posted ($0.11) earnings per share. The firm’s quarterly revenue was up 37.2% on a year-over-year basis. research analysts predict that Murphy Oil Co. will post 1.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, August 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 10th. This represents a $1.00 annualized dividend and a yield of 3.39%. Murphy Oil’s payout ratio is currently -769.23%.

MUR has been the topic of a number of research analyst reports. Mizuho initiated coverage on shares of Murphy Oil in a report on Monday, July 23rd. They set an “underperform” rating and a $36.00 price objective on the stock. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a report on Tuesday, July 3rd. Wells Fargo & Co dropped their price objective on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, August 10th. Morgan Stanley initiated coverage on shares of Murphy Oil in a report on Thursday, July 12th. They set an “underweight” rating and a $26.00 price objective on the stock. Finally, ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.00.

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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