3 days Ago By ABMN Staff
Bank of Montreal Can lifted its position in shares of Murphy Oil Co. ( NYSE:MUR – Free Report ) by 1.2% in the fourth quarter, Holdings Channel reports.
The institutional investor owned 68,023 shares of the oil and gas producer’s stock after acquiring an additional 777 shares during the period. Bank of Montreal Can’s holdings in Murphy Oil were worth $2,058,000 as of its most recent filing with the SEC. A number of other institutional investors also recently modified their holdings of the business.
Geode Capital Management LLC raised its stake in Murphy Oil by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 3,548,711 shares of the oil and gas producer’s stock worth $119,755,000 after purchasing an additional 45,432 shares in the last quarter.
Bank of New York Mellon Corp raised its position in shares of Murphy Oil by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer’s stock valued at $56,214,000 after buying an additional 13,263 shares in the last quarter.
Vaughan Nelson Investment Management L.P. boosted its stake in shares of Murphy Oil by 91.
6% in the fourth quarter. Vaughan Nelson Investment Management L.P.
now owns 1,751,737 shares of the oil and gas producer’s stock valued at $53,008,000 after buying an additional 837,282 shares during the period. American Century Companies Inc. grew its position in Murphy Oil by 20.
4% during the fourth quarter. American Century Companies Inc. now owns 1,674,590 shares of the oil and gas producer’s stock worth $50,673,000 after buying an additional 283,695 shares in the last quarter.
Finally, JPMorgan Chase & Co. increased its stake in Murphy Oil by 26.7% during the 3rd quarter.
JPMorgan Chase & Co. now owns 1,595,260 shares of the oil and gas producer’s stock worth $53,824,000 after acquiring an additional 336,372 shares during the period. Institutional investors own 78.
31% of the company’s stock. Wall Street Analyst Weigh In Several research firms have recently issued reports on MUR. Truist Financial lowered Murphy Oil from a “buy” rating to a “hold” rating and reduced their target price for the stock from $42.
00 to $31.00 in a report on Friday, January 31st. Roth Capital set a $37.
00 price objective on shares of Murphy Oil in a research note on Thursday, January 23rd. Barclays dropped their target price on shares of Murphy Oil from $34.00 to $32.
00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th. UBS Group reduced their price target on shares of Murphy Oil from $28.00 to $23.
00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Finally, Piper Sandler lowered their price objective on shares of Murphy Oil from $35.00 to $34.
00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $32.
77. Insider Buying and Selling In related news, VP Meenambigai Palanivelu bought 1,573 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $26.
70 per share, with a total value of $41,999.10. Following the acquisition, the vice president now owns 37,065 shares of the company’s stock, valued at $989,635.
50. This represents a 4.43 % increase in their ownership of the stock.
The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director Claiborne P. Deming purchased 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 4th.
The stock was bought at an average cost of $26.47 per share, with a total value of $1,323,500.00.
Following the purchase, the director now owns 931,651 shares of the company’s stock, valued at approximately $24,660,801.97. This trade represents a 5.
67 % increase in their position. The disclosure for this purchase can be found here . 6.
52% of the stock is currently owned by insiders. Murphy Oil Price Performance Shares of MUR opened at $20.60 on Thursday.
The business has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $29.54.
Murphy Oil Co. has a 12-month low of $18.95 and a 12-month high of $46.
91. The stock has a market cap of $2.94 billion, a PE ratio of 7.
66 and a beta of 1.68. The company has a quick ratio of 0.
77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24.
Murphy Oil ( NYSE:MUR – Get Free Report ) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $0.
90 earnings per share. Analysts anticipate that Murphy Oil Co. will post 2.
94 earnings per share for the current fiscal year. Murphy Oil Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.
325 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.
30 dividend on an annualized basis and a dividend yield of 6.31%. Murphy Oil’s dividend payout ratio (DPR) is presently 48.
33%. 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. Featured Articles Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Co.
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