Envestnet Asset Management Inc. boosted its position in shares of Murphy Oil Co. (NYSE:MUR) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,528 shares of the oil and gas producer’s stock after buying an additional 9,485 shares during the period. Envestnet Asset Management Inc.’s holdings in Murphy Oil were worth $862,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Pzena Investment Management LLC increased its stake in Murphy Oil by 14.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,217,549 shares of the oil and gas producer’s stock worth $38,932,000 after buying an additional 407,605 shares in the last quarter. Poplar Forest Capital LLC increased its stake in Murphy Oil by 18.1% during the 1st quarter. Poplar Forest Capital LLC now owns 1,961,560 shares of the oil and gas producer’s stock worth $32,189,000 after buying an additional 300,600 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Murphy Oil by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,014,386 shares of the oil and gas producer’s stock worth $12,275,000 after buying an additional 43,798 shares in the last quarter. Brown Advisory Inc. increased its stake in Murphy Oil by 0.5% during the 4th quarter. Brown Advisory Inc. now owns 957,047 shares of the oil and gas producer’s stock worth $11,580,000 after buying an additional 4,865 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Murphy Oil by 40.6% during the 4th quarter. First Trust Advisors LP now owns 937,159 shares of the oil and gas producer’s stock worth $11,340,000 after buying an additional 270,817 shares in the last quarter. Institutional investors own 74.75% of the company’s stock.
A number of equities research analysts have recently issued reports on MUR shares. Mizuho upped their price target on Murphy Oil from $21.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, May 17th. Scotiabank upgraded Murphy Oil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Thursday, April 15th. Truist Securities upped their price target on Murphy Oil from $17.00 to $21.00 in a research report on Monday, April 19th. Truist upped their price target on Murphy Oil from $17.00 to $21.00 in a research report on Monday, April 19th. Finally, Morgan Stanley upped their price target on Murphy Oil from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Murphy Oil currently has a consensus rating of “Hold” and a consensus price target of $16.81.
Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Thursday, May 6th. The oil and gas producer reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.22. Murphy Oil had a negative return on equity of 3.09% and a negative net margin of 75.92%. The company had revenue of $379.99 million for the quarter, compared to analysts’ expectations of $485.80 million. During the same period in the prior year, the firm earned ($0.30) earnings per share. The firm’s revenue was down 62.1% compared to the same quarter last year. As a group, equities analysts predict that Murphy Oil Co. will post 0.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date was Friday, May 14th. Murphy Oil’s dividend payout ratio (DPR) is -40.00%.
In other news, Director Walentin Mirosh sold 1,500 shares of the stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $20.15, for a total value of $30,225.00. Following the sale, the director now directly owns 49,625 shares in the company, valued at $999,943.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Maria A. Martinez sold 6,087 shares of the stock in a transaction on Tuesday, May 25th. The shares were sold at an average price of $21.25, for a total value of $129,348.75. Insiders have sold 106,566 shares of company stock worth $2,130,152 over the last 90 days. 6.47% of the stock is owned by insiders.
Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and natural 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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