Nisa Investment Advisors LLC Has $2.30 Million Holdings in Murphy Oil Co. (NYSE:MUR)

Nisa Investment Advisors LLC decreased its stake in shares of Murphy Oil Co. (NYSE:MUR) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,300 shares of the oil and gas producer’s stock after selling 10,360 shares during the quarter. Nisa Investment Advisors LLC owned about 0.05% of Murphy Oil worth $2,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Murphy Oil by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,817,092 shares of the oil and gas producer’s stock worth $136,061,000 after purchasing an additional 93,228 shares in the last quarter. Norges Bank bought a new position in Murphy Oil during the 4th quarter valued at $58,361,000. Geode Capital Management LLC lifted its stake in Murphy Oil by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock valued at $46,321,000 after acquiring an additional 52,963 shares in the last quarter. Comerica Bank lifted its stake in Murphy Oil by 1.9% during the 1st quarter. Comerica Bank now owns 424,946 shares of the oil and gas producer’s stock valued at $12,175,000 after acquiring an additional 7,760 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Murphy Oil by 4.1% during the 2nd quarter. WINTON GROUP Ltd now owns 362,518 shares of the oil and gas producer’s stock valued at $8,936,000 after acquiring an additional 14,214 shares in the last quarter. 85.55% of the stock is owned by institutional investors.

Shares of MUR traded down $0.68 during trading hours on Friday, reaching $22.48. 34,537 shares of the company’s stock traded hands, compared to its average volume of 2,281,855. The firm’s 50 day simple moving average is $23.64. The company has a market capitalization of $4.08 billion, a PE ratio of 17.86 and a beta of 1.94. Murphy Oil Co. has a 12 month low of $21.20 and a 12 month high of $36.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.56 and a current ratio of 1.61.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.05. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The firm had revenue of $591.00 million during the quarter, compared to the consensus estimate of $557.15 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s revenue was up 57.3% on a year-over-year basis. Analysts expect that Murphy Oil Co. will post 0.9 earnings per share for the current year.

In other Murphy Oil news, insider Thomas J. Mireles sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $27.60, for a total value of $204,240.00. Following the completion of the sale, the insider now owns 21,368 shares in the company, valued at $589,756.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.46% of the company’s stock.

MUR has been the topic of several recent analyst reports. Goldman Sachs Group upgraded Murphy Oil from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Monday, June 10th. Morgan Stanley dropped their price objective on Murphy Oil from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Capital One Financial initiated coverage on Murphy Oil in a research note on Wednesday, July 10th. They set an “overweight” rating and a $37.00 price objective on the stock. Finally, Evercore ISI initiated coverage on Murphy Oil in a research note on Thursday, May 30th. They set an “in-line” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.79.

Murphy Oil Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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