New Age Alpha Advisors LLC Invests $3.15 Million in Murphy Oil Co. (NYSE:MUR)

New Age Alpha Advisors LLC purchased a new stake in shares of Murphy Oil Co. (NYSE:MUR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 104,034 shares of the oil and gas producer's stock, valued at approximately $3,148,000. New Age Alpha Advisors LLC owned about 0.07% of Murphy Oil as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can raised its position in Murphy Oil by 26.7% in the 3rd quarter. Bank of Montreal Can now owns 67,246 shares of the oil and gas producer's stock worth $2,268,000 after buying an additional 14,181 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Murphy Oil by 24.2% during the third quarter. Captrust Financial Advisors now owns 18,033 shares of the oil and gas producer's stock valued at $608,000 after purchasing an additional 3,516 shares during the last quarter. Verition Fund Management LLC lifted its position in Murphy Oil by 59.9% during the third quarter. Verition Fund Management LLC now owns 34,032 shares of the oil and gas producer's stock valued at $1,148,000 after purchasing an additional 12,745 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Murphy Oil by 2.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,627,701 shares of the oil and gas producer's stock worth $88,659,000 after purchasing an additional 58,220 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Murphy Oil in the 3rd quarter worth approximately $245,000. Institutional investors own 78.31% of the company's stock.

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Murphy Oil Trading Down 11.7 %

Shares of NYSE MUR traded down $3.42 during mid-day trading on Thursday, reaching $25.79. The company had a trading volume of 1,028,871 shares, compared to its average volume of 1,903,031. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 9.59 and a beta of 2.18. Murphy Oil Co. has a 52 week low of $22.90 and a 52 week high of $49.14. The business's 50-day moving average is $27.20 and its 200-day moving average is $30.60. 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 (NYSE:MUR - Get Free Report) last released its quarterly earnings data 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 in the previous year, the firm earned $0.90 earnings per share. Equities analysts expect that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, May 16th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 5.04%. Murphy Oil's dividend payout ratio (DPR) is presently 48.33%.

Analyst Ratings Changes

Several research firms have recently weighed in on MUR. Truist Financial cut Murphy Oil from a "buy" rating to a "hold" rating and lowered their price target for the company from $42.00 to $31.00 in a report on Friday, January 31st. KeyCorp lowered their target price on Murphy Oil from $50.00 to $37.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Roth Capital set a $37.00 price target on Murphy Oil in a research note on Thursday, January 23rd. Barclays lowered their price objective on shares of Murphy Oil from $34.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. Finally, Piper Sandler cut their target price on shares of Murphy Oil from $35.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Murphy Oil currently has a consensus rating of "Hold" and a consensus target price of $34.92.

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, Director Claiborne P. Deming acquired 50,000 shares of Murphy Oil stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average price of $26.47 per share, with a total value of $1,323,500.00. Following the completion of the purchase, the director now directly owns 931,651 shares of the company's stock, valued at approximately $24,660,801.97. This represents a 5.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Meenambigai Palanivelu bought 1,573 shares of the stock in a transaction on Wednesday, February 5th. The shares were bought at an average price 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 trade represents a 4.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.92% of the stock is currently owned by corporate 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.