Heartland Advisors Inc. bought a new stake in shares of Murphy Oil Co. (NYSE:MUR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 282,462 shares of the oil and gas producer's stock, valued at approximately $12,988,000. Heartland Advisors Inc. owned 0.18% of Murphy Oil as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bruce G. Allen Investments LLC bought a new stake in shares of Murphy Oil during the 4th quarter worth approximately $29,000. Headinvest LLC bought a new position in Murphy Oil in the third quarter valued at about $70,000. Principal Securities Inc. acquired a new position in Murphy Oil during the fourth quarter worth about $151,000. GAMMA Investing LLC bought a new position in shares of Murphy Oil in the fourth quarter worth about $163,000. Finally, Trust Point Inc. acquired a new stake in shares of Murphy Oil in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds own 78.31% of the company's stock.
Murphy Oil Trading Up 0.1 %
MUR stock traded up $0.03 during midday trading on Tuesday, hitting $43.94. The stock had a trading volume of 986,639 shares, compared to its average volume of 1,751,384. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $45.15 and a two-hundred day moving average price of $42.53. Murphy Oil Co. has a 1-year low of $33.08 and a 1-year high of $49.14. The firm has a market cap of $6.70 billion, a P/E ratio of 12.24 and a beta of 2.22.
Murphy Oil (NYSE:MUR - Get Free Report) last announced its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The company had revenue of $794.80 million for the quarter, compared to analyst estimates of $750.94 million. During the same quarter in the prior year, the company earned $1.24 EPS. The firm's revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Murphy Oil Co. will post 4.61 earnings per share for the current fiscal year.
Murphy Oil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Murphy Oil's dividend payout ratio is currently 33.43%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on MUR shares. Mizuho boosted their target price on shares of Murphy Oil from $55.00 to $59.00 and gave the stock a "buy" rating in a research note on Monday. Piper Sandler increased their target price on Murphy Oil from $49.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Roth Mkm reaffirmed a "buy" rating on shares of Murphy Oil in a research note on Wednesday, March 20th. KeyCorp lifted their target price on shares of Murphy Oil from $50.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, April 22nd. Finally, Barclays started coverage on shares of Murphy Oil in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $54.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.00.
Check Out Our Latest Research Report on Murphy Oil
Insider Transactions at Murphy Oil
In other news, VP Louis W. Utsch sold 30,260 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the transaction, the vice president now directly owns 9,504 shares of the company's stock, valued at $379,589.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Roger W. Jenkins sold 110,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $40.39, for a total value of $4,442,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,035,190 shares of the company's stock, valued at $41,811,324.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Louis W. Utsch sold 30,260 shares of Murphy Oil stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total value of $1,208,584.40. Following the transaction, the vice president now directly owns 9,504 shares in the company, valued at approximately $379,589.76. The disclosure for this sale can be found here. Insiders have sold 156,260 shares of company stock valued at $6,322,644 in the last 90 days. 5.95% of the stock is currently owned by corporate insiders.
About Murphy Oil
(
Free Report)
Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, 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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