Waldron Private Wealth LLC Sells 1,675 Shares of Murphy Oil Co. (NYSE:MUR)

Waldron Private Wealth LLC cut its stake in shares of Murphy Oil Co. (NYSE:MUR) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 8,932 shares of the oil and gas producer’s stock after selling 1,675 shares during the period. Waldron Private Wealth LLC’s holdings in Murphy Oil were worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MUR. Bruce G. Allen Investments LLC bought a new stake in shares of Murphy Oil in the 4th quarter worth approximately $29,000. Belpointe Asset Management LLC lifted its holdings in shares of Murphy Oil by 68.2% in the 1st quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 365 shares during the last quarter. Financial Management Professionals Inc. increased its stake in shares of Murphy Oil by 7,940.0% in the third quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 794 shares during the period. Penserra Capital Management LLC purchased a new position in shares of Murphy Oil in the third quarter worth $40,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Murphy Oil in the third quarter worth $47,000. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Stock Down 1.2 %

NYSE:MUR opened at $46.48 on Tuesday. The firm’s 50-day moving average price is $42.56 and its 200-day moving average price is $42.55. The company has a market capitalization of $7.09 billion, a PE ratio of 11.01 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.82. Murphy Oil Co. has a 1-year low of $32.80 and a 1-year high of $49.14.

Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The business had revenue of $844.20 million during the quarter, compared to analysts’ expectations of $852.24 million. Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 earnings per share. On average, equities analysts predict that Murphy Oil Co. will post 4.69 EPS for the current fiscal year.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s dividend payout ratio is presently 28.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Piper Sandler decreased their target price on shares of Murphy Oil from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 30th. UBS Group decreased their target price on shares of Murphy Oil from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, January 29th. Mizuho lifted their target price on shares of Murphy Oil from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial lifted their target price on shares of Murphy Oil from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Barclays began coverage on shares of Murphy Oil in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $48.38.

Insider Buying and Selling

In related news, VP Louis W. Utsch sold 30,260 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total value of $1,208,584.40. Following the transaction, the vice president now owns 9,504 shares in the company, valued at approximately $379,589.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Murphy Oil news, VP Maria A. Martinez sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.35, for a total transaction of $433,500.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Louis W. Utsch sold 30,260 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the transaction, the vice president now owns 9,504 shares in the company, valued at approximately $379,589.76. The disclosure for this sale can be found here. Insiders have sold a total of 156,260 shares of company stock worth $6,322,644 in the last quarter. Corporate insiders own 5.95% of the company’s stock.

Murphy Oil 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.