Murphy Oil Co. (NYSE:MUR) Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 144.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,695 shares of the oil and gas producer’s stock after buying an additional 4,552 shares during the quarter. Signaturefd LLC’s holdings in Murphy Oil were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its holdings in shares of Murphy Oil by 60.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock valued at $44,000 after acquiring an additional 543 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Murphy Oil by 32.9% during 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 purchasing an additional 565 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Murphy Oil in the fourth quarter worth $113,000. KBC Group NV lifted its stake in shares of Murphy Oil by 14.5% during the third quarter. KBC Group NV now owns 4,276 shares of the oil and gas producer’s stock worth $144,000 after buying an additional 540 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Murphy Oil during the fourth quarter valued at $188,000. 78.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Murphy Oil

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on MUR. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Murphy Oil in a research report on Monday, February 3rd. Piper Sandler cut their price target on shares of Murphy Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. KeyCorp decreased their price objective on shares of Murphy Oil from $50.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. UBS Group cut their price objective on shares of Murphy Oil from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Morgan Stanley restated an “underweight” rating and set a $37.00 target price on shares of Murphy Oil in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.31.

Murphy Oil Trading Down 0.4 %

Shares of NYSE:MUR opened at $26.73 on Friday. The business’s 50 day moving average price is $27.88 and its 200-day moving average price is $30.98. Murphy Oil Co. has a 1 year low of $22.90 and a 1 year high of $49.14. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 9.93 and a beta of 2.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.27). Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. During the same quarter in the previous year, the company earned $0.90 EPS. On average, equities research analysts forecast that Murphy Oil Co. will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.325 per share. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a yield of 4.86%. The ex-dividend date of this dividend was Tuesday, February 18th. Murphy Oil’s payout ratio is 48.33%.

About Murphy Oil

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.