Olympiad Research LP Makes New $339,000 Investment in Murphy Oil Co. (NYSE:MUR)

Olympiad Research LP bought a new position in Murphy Oil Co. (NYSE:MURFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,946 shares of the oil and gas producer’s stock, valued at approximately $339,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Murphy Oil by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 16,816,692 shares of the oil and gas producer’s stock valued at $762,637,000 after acquiring an additional 137,059 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Murphy Oil by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,861,968 shares of the oil and gas producer’s stock valued at $335,397,000 after acquiring an additional 207,547 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Murphy Oil by 5.0% during the 3rd quarter. Earnest Partners LLC now owns 2,566,887 shares of the oil and gas producer’s stock valued at $116,408,000 after acquiring an additional 121,795 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Murphy Oil by 3,904.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,090,904 shares of the oil and gas producer’s stock valued at $89,198,000 after acquiring an additional 2,038,692 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Murphy Oil by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,946,095 shares of the oil and gas producer’s stock valued at $88,255,000 after purchasing an additional 99,427 shares during the period. 78.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Maria A. Martinez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the transaction, the vice president now owns 40,590 shares in the company, valued at approximately $1,759,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Maria A. Martinez sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the completion of the transaction, the vice president now owns 40,590 shares in the company, valued at approximately $1,759,576.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roger W. Jenkins sold 110,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $40.39, for a total value of $4,442,900.00. Following 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 disclosure for this sale can be found here. Insiders sold 126,000 shares of company stock worth $5,114,060 in the last 90 days. 5.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MUR has been the subject of several recent analyst reports. Scotiabank downgraded Murphy Oil from a “sector outperform” rating to a “sector perform” rating and increased their target price for the company from $46.00 to $50.00 in a research note on Thursday, April 11th. KeyCorp increased their target price on Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. 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 note on Friday, April 19th. Truist Financial increased their target price on Murphy Oil from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Barclays began coverage on Murphy Oil in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $54.00 target price for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Murphy Oil has a consensus rating of “Moderate Buy” and an average price target of $51.00.

Check Out Our Latest Research Report on MUR

Murphy Oil Price Performance

Shares of Murphy Oil stock traded down $0.74 during midday trading on Wednesday, hitting $41.69. 542,508 shares of the company were exchanged, compared to its average volume of 1,709,334. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.87. The firm has a market cap of $6.36 billion, a P/E ratio of 11.82 and a beta of 2.22. Murphy Oil Co. has a 52 week low of $34.53 and a 52 week high of $49.14. The firm has a 50 day simple moving average of $45.20 and a 200-day simple moving average of $42.41.

Murphy Oil (NYSE:MURGet Free Report) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.82 by $0.03. The business had revenue of $794.80 million during the quarter, compared to the consensus estimate of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. Murphy Oil’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. Research analysts forecast that Murphy Oil Co. will post 4.3 earnings per share for the current year.

Murphy Oil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 2.88%. Murphy Oil’s dividend payout ratio (DPR) is presently 33.43%.

Murphy Oil Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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