Corient Private Wealth LLC Acquires 2,133 Shares of Murphy Oil Co. (NYSE:MUR)

Corient Private Wealth LLC lifted its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,739 shares of the oil and gas producer’s stock after purchasing an additional 2,133 shares during the period. Corient Private Wealth LLC’s holdings in Murphy Oil were worth $1,656,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its stake in Murphy Oil by 60.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 543 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Murphy Oil by 32.9% in the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer’s stock valued at $69,000 after acquiring an additional 565 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Murphy Oil during the 4th quarter valued at $113,000. iSAM Funds UK Ltd bought a new position in Murphy Oil during the third quarter worth $200,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Murphy Oil in the fourth quarter worth $188,000. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Stock Up 2.2 %

Murphy Oil stock opened at $27.30 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. The stock has a market cap of $3.98 billion, a PE ratio of 10.15 and a beta of 2.18. Murphy Oil Co. has a fifty-two week low of $22.90 and a fifty-two week high of $49.14. The firm’s 50-day simple moving average is $27.75 and its 200 day simple moving average is $30.86.

Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.27). Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. During the same period in the previous year, the company posted $0.90 earnings per share. Research analysts predict that Murphy Oil Co. will post 2.94 EPS for the current fiscal year.

Murphy Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a dividend yield of 4.76%. Murphy Oil’s dividend payout ratio (DPR) is currently 48.33%.

Insider Transactions at Murphy Oil

In related news, Director Claiborne P. Deming acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average price of $26.47 per share, for a total transaction of $1,323,500.00. Following the completion of the acquisition, the director now owns 931,651 shares of the company’s stock, valued at approximately $24,660,801.97. This represents a 5.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Meenambigai Palanivelu acquired 1,573 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average cost of $26.70 per share, for a total transaction of $41,999.10. Following the transaction, the vice president now owns 37,065 shares of the company’s stock, valued at approximately $989,635.50. This trade represents a 4.43 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MUR. KeyCorp dropped their price objective on shares of Murphy Oil from $50.00 to $37.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company reiterated an “equal weight” rating on shares of Murphy Oil in a report on Monday, February 3rd. Morgan Stanley reissued an “underweight” rating and issued a $37.00 price objective on shares of Murphy Oil in a research note on Wednesday, January 22nd. Barclays lowered their target price on Murphy Oil from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th. Finally, Truist Financial lowered shares of Murphy Oil from a “buy” rating to a “hold” rating and decreased their price target for the company from $42.00 to $31.00 in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.31.

Murphy Oil Company Profile

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.