Mitsubishi UFJ Trust & Banking Corp Has $1.11 Million Stock Position in Murphy Oil Corporation $MUR

Key Points

• Mitsubishi UFJ Trust & Banking cut its stake in Murphy Oil by 43.6% in Q4, selling 27,364 shares and now holding 35,458 shares valued at about $1.11 million.
• SVP Daniel R. Hanchera sold 47,320 shares on March 11 for roughly $1.60 million, reducing his position by 56.7%; insiders now own 5.79% of the company.
• Murphy Oil declared a quarterly dividend of $0.35 (annualized $1.40) for a 3.4% yield, though the dividend payout ratio is a high 194.44%.

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,458 shares of the oil and gas producer's stock after selling 27,364 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Murphy Oil were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MUR. Smartleaf Asset Management LLC raised its holdings in shares of Murphy Oil by 67.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 440 shares during the period. Farther Finance Advisors LLC increased its position in shares of Murphy Oil by 72.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,701 shares of the oil and gas producer's stock worth $53,000 after acquiring an additional 717 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Murphy Oil by 437.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the oil and gas producer's stock worth $86,000 after acquiring an additional 3,095 shares in the last quarter. Strs Ohio increased its position in shares of Murphy Oil by 11.1% during the third quarter. Strs Ohio now owns 5,000 shares of the oil and gas producer's stock worth $142,000 after acquiring an additional 500 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Murphy Oil by 69.4% during the third quarter. IFP Advisors Inc now owns 6,326 shares of the oil and gas producer's stock worth $182,000 after acquiring an additional 2,591 shares in the last quarter. Institutional investors and hedge funds own 78.31% of the company's stock.

Insider Transactions at Murphy Oil

In other Murphy Oil news, SVP Daniel R. Hanchera sold 47,320 shares of the company's stock in a transaction dated 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 directly owned 36,166 shares of the company's stock, valued at approximately $1,222,049.14. This represents a 56.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MUR shares. KeyCorp reissued a "sector weight" rating on shares of Murphy Oil in a research report on Thursday, January 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Murphy Oil in a research report on Friday, March 27th. Mizuho boosted their target price on shares of Murphy Oil from $35.00 to $39.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. UBS Group boosted their target price on shares of Murphy Oil from $43.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 15th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Murphy Oil in a research report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $33.27.

Murphy Oil Trading Down 1.0%

Shares of MUR stock opened at $41.71 on Wednesday. Murphy Oil Corporation has a 52-week low of $20.20 and a 52-week high of $43.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.71 and a current ratio of 0.77. The company has a 50-day simple moving average of $37.72 and a two-hundred day simple moving average of $33.39. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 57.93 and a beta of 0.55.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, May 18th. Murphy Oil's dividend payout ratio is presently 194.44%.

Murphy Oil Company 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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