Vise Technologies Inc. Makes New $211,000 Investment in Murphy Oil Co. (NYSE:MUR)

Vise Technologies Inc. purchased a new position in shares of Murphy Oil Co. (NYSE:MURGet Rating) in the first quarter, according to its most recent filing with the SEC. The firm purchased 5,233 shares of the oil and gas producer’s stock, valued at approximately $211,000.

Other large investors have also recently bought and sold shares of the company. Quent Capital LLC grew its holdings in Murphy Oil by 36.8% during the 1st quarter. Quent Capital LLC now owns 1,127 shares of the oil and gas producer’s stock worth $46,000 after acquiring an additional 303 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Murphy Oil by 857.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,657 shares of the oil and gas producer’s stock valued at $43,000 after buying an additional 1,484 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Murphy Oil in the 1st quarter valued at about $77,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Murphy Oil by 50.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,198 shares of the oil and gas producer’s stock valued at $89,000 after buying an additional 741 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Murphy Oil in the 1st quarter valued at about $97,000. 77.38% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Price Performance

Shares of NYSE MUR opened at $39.35 on Friday. Murphy Oil Co. has a fifty-two week low of $19.48 and a fifty-two week high of $45.79. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 12.00 and a beta of 2.48. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.62 and a current ratio of 0.66. The firm’s 50-day simple moving average is $35.04 and its 200 day simple moving average is $36.96.

Murphy Oil (NYSE:MURGet Rating) last posted its earnings results on Thursday, August 4th. The oil and gas producer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.56 by $0.37. Murphy Oil had a net margin of 17.00% and a return on equity of 12.07%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $880.87 million. During the same quarter last year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 100.3% compared to the same quarter last year. As a group, research analysts anticipate that Murphy Oil Co. will post 6.14 earnings per share for the current fiscal year.

Murphy Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.54%. This is a boost from Murphy Oil’s previous quarterly dividend of $0.18. Murphy Oil’s dividend payout ratio (DPR) is currently 30.49%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Truist Financial raised their target price on Murphy Oil from $61.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com upgraded Murphy Oil from a “hold” rating to a “buy” rating in a research note on Thursday. Mizuho reduced their target price on Murphy Oil from $59.00 to $51.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Piper Sandler reduced their target price on Murphy Oil from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, July 22nd. Finally, Morgan Stanley dropped their price target on shares of Murphy Oil from $53.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Monday, June 6th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.13.

Insiders Place Their Bets

In other Murphy Oil news, Director T Jay Collins sold 5,000 shares of Murphy Oil stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $40.32, for a total transaction of $201,600.00. Following the transaction, the director now owns 10,137 shares of the company’s stock, valued at approximately $408,723.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Thomas J. Mireles sold 5,540 shares of Murphy Oil stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $36.30, for a total value of $201,102.00. Following the sale, the chief financial officer now owns 51,758 shares of the company’s stock, valued at approximately $1,878,815.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director T Jay Collins sold 5,000 shares of Murphy Oil stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $40.32, for a total transaction of $201,600.00. Following the completion of the sale, the director now directly owns 10,137 shares in the company, valued at approximately $408,723.84. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

About Murphy Oil

(Get Rating)

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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.

Further Reading

Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.