Segall Bryant & Hamill LLC Increases Holdings in Murphy Oil Co. (NYSE:MUR)

Segall Bryant & Hamill LLC grew its holdings in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,166,199 shares of the oil and gas producer's stock after buying an additional 122,249 shares during the period. Segall Bryant & Hamill LLC owned 0.80% of Murphy Oil worth $35,289,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Murphy Oil by 1.3% in the third quarter. Geode Capital Management LLC now owns 3,548,711 shares of the oil and gas producer's stock worth $119,755,000 after purchasing an additional 45,432 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Murphy Oil by 2.3% in the 3rd 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 buying an additional 58,220 shares during the last quarter. Bank of New York Mellon Corp increased its position in Murphy Oil by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer's stock valued at $56,214,000 after buying an additional 13,263 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Murphy Oil by 91.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,751,737 shares of the oil and gas producer's stock valued at $53,008,000 after buying an additional 837,282 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Murphy Oil by 20.4% in the fourth quarter. American Century Companies Inc. now owns 1,674,590 shares of the oil and gas producer's stock worth $50,673,000 after acquiring an additional 283,695 shares in the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

MUR has been the subject of several analyst reports. Morgan Stanley reduced their price target on Murphy Oil from $37.00 to $32.00 and set an "underweight" rating for the company in a report on Thursday. KeyCorp reduced their price objective on shares of Murphy Oil from $50.00 to $37.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Truist Financial cut shares of Murphy Oil from a "buy" rating to a "hold" rating and decreased their target price for the stock from $42.00 to $31.00 in a report on Friday, January 31st. Piper Sandler cut their price target on shares of Murphy Oil from $35.00 to $34.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, UBS Group reduced their price target on shares of Murphy Oil from $34.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. One equities research 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. According to MarketBeat.com, Murphy Oil presently has an average rating of "Hold" and an average price target of $34.92.

Insider Buying and Selling at Murphy Oil

In related news, Director Claiborne P. Deming acquired 50,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $26.47 per share, with a total value of $1,323,500.00. Following the transaction, the director now directly owns 931,651 shares in the company, valued at approximately $24,660,801.97. This represents a 5.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Meenambigai Palanivelu acquired 1,573 shares of the business's stock in a transaction that occurred 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 completion of the purchase, 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 position. The disclosure for this purchase can be found here. 5.92% of the stock is owned by corporate insiders.

Murphy Oil Stock Performance

Shares of NYSE MUR traded down $0.05 during midday trading on Friday, hitting $28.45. 2,999,068 shares of the stock traded hands, compared to its average volume of 1,893,611. The firm has a market capitalization of $4.15 billion, a P/E ratio of 10.58 and a beta of 2.18. Murphy Oil Co. has a one year low of $22.90 and a one year high of $49.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 0.83. The firm has a 50-day moving average of $27.36 and a two-hundred day moving average of $30.71.

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

Murphy Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 4.57%. This is a positive change from Murphy Oil's previous quarterly dividend of $0.30. The ex-dividend date was Tuesday, February 18th. Murphy Oil's payout ratio is 48.33%.

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.