Jump Financial LLC Sells 87,666 Shares of Murphy Oil Co. (NYSE:MUR)

Jump Financial LLC reduced its position in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,749 shares of the oil and gas producer's stock after selling 87,666 shares during the period. Jump Financial LLC's holdings in Murphy Oil were worth $2,050,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in Murphy Oil by 1.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 25,069 shares of the oil and gas producer's stock worth $759,000 after acquiring an additional 450 shares in the last quarter. Headlands Technologies LLC raised its stake in Murphy Oil by 32.9% during the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 471 shares in the last quarter. Lindbrook Capital LLC raised its stake in Murphy Oil by 60.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock worth $44,000 after acquiring an additional 543 shares in the last quarter. Jones Financial Companies Lllp raised its stake 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 worth $69,000 after acquiring an additional 565 shares in the last quarter. Finally, Xponance Inc. raised its stake in Murphy Oil by 2.9% during the 4th quarter. Xponance Inc. now owns 19,916 shares of the oil and gas producer's stock worth $603,000 after acquiring an additional 570 shares in the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Stock Performance

Shares of NYSE MUR traded up $0.39 during midday trading on Thursday, reaching $20.98. 629,142 shares of the company traded hands, compared to its average volume of 2,068,778. Murphy Oil Co. has a 52 week low of $18.95 and a 52 week high of $46.91. The stock has a 50-day moving average price of $24.95 and a 200 day moving average price of $29.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 7.79 and a beta of 1.68.

Murphy Oil (NYSE:MUR - Get Free Report) last released its earnings results 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 return on equity of 7.66% and a net margin of 13.44%. During the same period last year, the business earned $0.90 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.325 per share. The ex-dividend date is Friday, May 16th. This represents a $1.30 annualized dividend and a yield of 6.20%. Murphy Oil's dividend payout ratio (DPR) is presently 48.33%.

Insider Buying and Selling at Murphy Oil

In related news, VP Meenambigai Palanivelu bought 1,573 shares of Murphy Oil stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $26.70 per share, for a total transaction of $41,999.10. Following the acquisition, the vice president now owns 37,065 shares in the company, valued at $989,635.50. This trade represents a 4.43 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Claiborne P. Deming purchased 50,000 shares of the firm'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 transaction, the director now directly owns 931,651 shares in the company, 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 6.52% of the company's stock.

Wall Street Analysts Forecast Growth

MUR has been the topic of several research analyst reports. UBS Group cut 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 note on Monday, April 7th. Roth Capital set a $37.00 price objective on shares of Murphy Oil in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Murphy Oil from $33.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Truist Financial downgraded shares of Murphy Oil from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $42.00 to $31.00 in a report on Friday, January 31st. Finally, Piper Sandler raised their price objective on shares of Murphy Oil from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $32.23.

About Murphy Oil

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.