Elo Mutual Pension Insurance Co Acquires New Position in Murphy Oil Co. (NYSE:MUR)

Elo Mutual Pension Insurance Co bought a new stake in Murphy Oil Co. (NYSE:MUR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,337 shares of the oil and gas producer's stock, valued at approximately $343,000.

Other hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC lifted its position in shares of Murphy Oil by 60.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 543 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Murphy Oil by 32.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock valued at $69,000 after purchasing an additional 565 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in Murphy Oil during the fourth quarter worth $113,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Murphy Oil in the fourth quarter valued at $188,000. Finally, IFP Advisors Inc increased its holdings in shares of Murphy Oil by 67.5% in the fourth quarter. IFP Advisors Inc now owns 6,337 shares of the oil and gas producer's stock valued at $192,000 after purchasing an additional 2,553 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Murphy Oil

In related news, VP Meenambigai Palanivelu purchased 1,573 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were bought 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Claiborne P. Deming bought 50,000 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was bought at an average price of $26.47 per share, for a total transaction of $1,323,500.00. Following the completion of the purchase, the director now owns 931,651 shares of the company's stock, valued at approximately $24,660,801.97. The trade was a 5.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.92% of the company's stock.

Remove Ads

Murphy Oil Stock Down 13.1 %

NYSE MUR traded down $3.32 during mid-day trading on Friday, hitting $22.09. The company's stock had a trading volume of 916,562 shares, compared to its average volume of 2,930,436. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 8.21 and a beta of 2.18. The company's 50 day simple moving average is $27.10 and its 200 day simple moving average is $30.56. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. Murphy Oil Co. has a twelve month low of $22.41 and a twelve month high of $49.14.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly 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 return on equity of 7.66% and a net margin of 13.44%. During the same period in the prior year, the company posted $0.90 EPS. Analysts anticipate that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $0.325 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.88%. Murphy Oil's payout ratio is presently 48.33%.

Analyst Ratings Changes

Several brokerages recently commented on MUR. Roth Capital set a $37.00 target price on shares of Murphy Oil in a report on Thursday, January 23rd. JPMorgan Chase & Co. reduced their price objective on Murphy Oil from $33.00 to $28.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Barclays dropped their price target on Murphy Oil from $34.00 to $32.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Murphy Oil in a research report on Monday, February 3rd. Finally, KeyCorp dropped their target price on Murphy Oil from $50.00 to $37.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $34.92.

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.