Greenwich Wealth Management LLC Acquires 620 Shares of Murphy Oil Co. (NYSE:MUR)

Greenwich Wealth Management LLC grew its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,570 shares of the oil and gas producer’s stock after buying an additional 620 shares during the period. Greenwich Wealth Management LLC’s holdings in Murphy Oil were worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MUR. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Murphy Oil by 1.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 22,125 shares of the oil and gas producer’s stock worth $1,003,000 after purchasing an additional 223 shares in the last quarter. Benin Management CORP lifted its holdings in shares of Murphy Oil by 4.9% in the 4th quarter. Benin Management CORP now owns 9,414 shares of the oil and gas producer’s stock worth $402,000 after purchasing an additional 439 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Murphy Oil by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 42,223 shares of the oil and gas producer’s stock worth $1,915,000 after purchasing an additional 570 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Murphy Oil by 3.6% in the 4th quarter. Diversified Trust Co now owns 16,476 shares of the oil and gas producer’s stock worth $703,000 after purchasing an additional 571 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Murphy Oil by 9.0% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,531 shares of the oil and gas producer’s stock worth $342,000 after purchasing an additional 619 shares in the last quarter. 78.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays assumed coverage on Murphy Oil in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price target for the company. Roth Mkm reissued a “buy” rating on shares of Murphy Oil in a research report on Wednesday, March 20th. Truist Financial increased their price target on Murphy Oil from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Scotiabank lowered Murphy Oil from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $46.00 to $50.00 in a research report on Thursday, April 11th. Finally, KeyCorp increased their price target on Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Murphy Oil currently has a consensus rating of “Moderate Buy” and an average target price of $50.64.

Murphy Oil Stock Performance

MUR traded down $0.03 during trading hours on Monday, hitting $45.96. The stock had a trading volume of 267,266 shares, compared to its average volume of 1,820,923. The company’s fifty day simple moving average is $43.17 and its 200 day simple moving average is $42.60. Murphy Oil Co. has a 1 year low of $32.80 and a 1 year high of $49.14. The stock has a market cap of $7.01 billion, a PE ratio of 10.92 and a beta of 2.21. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.24.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.10). Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The firm had revenue of $844.20 million during the quarter, compared to analysts’ expectations of $852.24 million. During the same period last year, the business posted $1.10 EPS. The company’s revenue was down 13.4% compared to the same quarter last year. Equities analysts anticipate that Murphy Oil Co. will post 4.71 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. Shareholders of record on Monday, May 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 2.61%. Murphy Oil’s dividend payout ratio is currently 28.44%.

Insiders Place Their Bets

In other Murphy Oil news, VP Paul D. Vaughan sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $39.61, for a total value of $237,660.00. Following the completion of the transaction, the vice president now owns 11,877 shares in the company, valued at approximately $470,447.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Murphy Oil news, VP Paul D. Vaughan sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $39.61, for a total value of $237,660.00. Following the completion of the transaction, the vice president now owns 11,877 shares in the company, valued at approximately $470,447.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Louis W. Utsch sold 30,260 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total value of $1,208,584.40. Following the completion of the transaction, the vice president now owns 9,504 shares of the company’s stock, valued at approximately $379,589.76. The disclosure for this sale can be found here. Insiders sold a total of 156,260 shares of company stock worth $6,322,644 in the last quarter. 5.95% of the stock is owned by company insiders.

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.