Aigen Investment Management LP Acquires 14,233 Shares of Murphy Oil Co. (NYSE:MUR)

Aigen Investment Management LP raised its position in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 130.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,179 shares of the oil and gas producer's stock after purchasing an additional 14,233 shares during the period. Aigen Investment Management LP's holdings in Murphy Oil were worth $762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in shares of Murphy Oil by 3.9% during the third quarter. State of Alaska Department of Revenue now owns 16,475 shares of the oil and gas producer's stock valued at $555,000 after purchasing an additional 620 shares during the period. US Bancorp DE grew its position in Murphy Oil by 7.8% in the 3rd quarter. US Bancorp DE now owns 55,075 shares of the oil and gas producer's stock valued at $1,858,000 after buying an additional 4,004 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Murphy Oil by 132.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 24,619 shares of the oil and gas producer's stock valued at $831,000 after buying an additional 14,024 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Murphy Oil during the 3rd quarter valued at about $256,000. Finally, Harvest Portfolios Group Inc. raised its position in shares of Murphy Oil by 18.0% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 40,946 shares of the oil and gas producer's stock worth $1,382,000 after buying an additional 6,247 shares in the last quarter. Institutional investors own 78.31% of the company's stock.

Remove Ads

Murphy Oil Trading Up 1.0 %

Shares of MUR stock traded up $0.27 during trading hours on Monday, reaching $25.63. 4,240,875 shares of the stock traded hands, compared to its average volume of 2,819,635. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.74 billion, a PE ratio of 9.53 and a beta of 2.18. Murphy Oil Co. has a 1-year low of $22.90 and a 1-year high of $49.14. The business has a fifty day moving average price of $28.94 and a 200 day moving average price of $31.70.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its earnings results on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the company earned $0.90 EPS. On average, equities research analysts forecast that Murphy Oil Co. will post 2.94 EPS for the current year.

Murphy Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.325 dividend. This is an increase from Murphy Oil's previous quarterly dividend of $0.30. This represents a $1.30 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend was Tuesday, February 18th. Murphy Oil's dividend payout ratio is currently 48.33%.

Insiders Place Their Bets

In related news, VP Meenambigai Palanivelu acquired 1,573 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $26.70 per share, for a total transaction of $41,999.10. Following the purchase, the vice president now owns 37,065 shares in the company, valued at $989,635.50. This represents a 4.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Claiborne P. Deming bought 50,000 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were 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 directly owns 931,651 shares in the company, valued at approximately $24,660,801.97. This trade represents a 5.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial lowered shares of Murphy Oil from a "buy" rating to a "hold" rating and lowered their price objective for the company from $42.00 to $31.00 in a research note on Friday, January 31st. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Murphy Oil in a research note on Monday, February 3rd. Piper Sandler dropped their price objective on Murphy Oil from $35.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday. Barclays restated an "equal weight" rating on shares of Murphy Oil in a report on Monday, February 3rd. Finally, Roth Capital set a $37.00 target price on Murphy Oil in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Murphy Oil presently has an average rating of "Hold" and an average price target of $36.31.

Murphy Oil Company 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.