Concurrent Investment Advisors LLC Reduces Position in Murphy Oil Corporation $MUR

Key Points

• Concurrent Investment Advisors cut its stake in Murphy Oil by 84.5% in Q4, selling 59,125 shares and leaving 10,823 shares worth about $338,000.
• SVP Daniel R. Hanchera sold 47,320 shares on March 11 at an average price of $33.79, reducing his position by 56.7% and leaving him with 36,166 shares.
• Murphy Oil announced a quarterly dividend of $0.35 (annualized $1.40) payable June 1 for a yield of 3.4%, but its dividend payout ratio is an elevated 194.44%, raising questions about sustainability.

Concurrent Investment Advisors LLC cut its position in Murphy Oil Corporation (NYSE:MUR - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,823 shares of the oil and gas producer's stock after selling 59,125 shares during the period. Concurrent Investment Advisors LLC's holdings in Murphy Oil were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Evergreen Capital Management LLC purchased a new stake in shares of Murphy Oil in the 4th quarter valued at approximately $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Murphy Oil by 27.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,058 shares of the oil and gas producer's stock valued at $1,439,000 after buying an additional 9,963 shares during the last quarter. GF Fund Management CO. LTD. grew its position in shares of Murphy Oil by 7.7% in the 4th quarter. GF Fund Management CO. LTD. now owns 39,188 shares of the oil and gas producer's stock valued at $1,225,000 after buying an additional 2,798 shares during the last quarter. CWM LLC grew its position in shares of Murphy Oil by 2.3% in the 4th quarter. CWM LLC now owns 40,471 shares of the oil and gas producer's stock valued at $1,265,000 after buying an additional 902 shares during the last quarter. Finally, Monument Capital Management grew its position in shares of Murphy Oil by 15.1% in the 4th quarter. Monument Capital Management now owns 8,495 shares of the oil and gas producer's stock valued at $265,000 after buying an additional 1,115 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Murphy Oil

In other news, SVP Daniel R. Hanchera sold 47,320 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $33.79, for a total value of $1,598,942.80. Following the completion of the sale, the senior vice president owned 36,166 shares in the company, valued at approximately $1,222,049.14. This trade represents a 56.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.79% of the company's stock.

Wall Street Analyst Weigh In

MUR has been the topic of a number of recent analyst reports. Zacks Research raised shares of Murphy Oil from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Piper Sandler raised shares of Murphy Oil from a "neutral" rating to an "overweight" rating and increased their target price for the company from $33.00 to $41.00 in a research report on Thursday, March 12th. Wells Fargo & Company increased their target price on shares of Murphy Oil from $32.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Murphy Oil in a research report on Friday, March 27th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Murphy Oil in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $33.27.

Murphy Oil Stock Down 1.0%

Shares of NYSE:MUR opened at $41.71 on Wednesday. The stock has a market cap of $5.98 billion, a P/E ratio of 57.93 and a beta of 0.55. The firm has a fifty day moving average price of $37.72 and a 200 day moving average price of $33.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.77 and a quick ratio of 0.71. Murphy Oil Corporation has a 1-year low of $20.20 and a 1-year high of $43.34.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, May 18th. Murphy Oil's dividend payout ratio (DPR) is 194.44%.

Murphy Oil Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company's operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil's exploration and production activities are geographically diversified.

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