DekaBank Deutsche Girozentrale Has $249,000 Holdings in Murphy Oil Co. (NYSE:MUR)

DekaBank Deutsche Girozentrale boosted its stake in Murphy Oil Co. (NYSE:MUR) by 17.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,827 shares of the oil and gas producer’s stock after buying an additional 847 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Murphy Oil were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bruce G. Allen Investments LLC acquired a new position in Murphy Oil during the 4th quarter worth about $29,000. Belpointe Asset Management LLC raised its position in shares of Murphy Oil by 68.2% during the first quarter. Belpointe Asset Management LLC now owns 900 shares of the oil and gas producer’s stock worth $33,000 after acquiring an additional 365 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Murphy Oil by 7,940.0% in the third quarter. Financial Management Professionals Inc. now owns 804 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 794 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Murphy Oil in the third quarter worth approximately $40,000. Finally, Qube Research & Technologies Ltd bought a new stake in Murphy Oil in the third quarter valued at approximately $47,000. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Murphy Oil Trading Down 1.2 %

Shares of Murphy Oil stock opened at $45.95 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.89. Murphy Oil Co. has a 52 week low of $32.80 and a 52 week high of $49.14. The stock has a 50 day moving average price of $42.72 and a two-hundred day moving average price of $42.55. The stock has a market capitalization of $7.01 billion, a PE ratio of 10.89 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.10). Murphy Oil had a net margin of 19.12% and a return on equity of 13.02%. The business had revenue of $844.20 million during the quarter, compared to analyst estimates of $852.24 million. During the same period in the previous year, the business posted $1.10 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy Oil Co. will post 4.69 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 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, May 17th. Murphy Oil’s payout ratio is presently 28.44%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MUR shares. Barclays started coverage on shares of Murphy Oil in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $54.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating on shares of Murphy Oil in a research report on Wednesday, March 20th. Piper Sandler decreased their price target on Murphy Oil from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Tuesday, January 30th. UBS Group dropped their price objective on Murphy Oil from $45.00 to $43.00 and set a “neutral” rating on the stock in a research note on Monday, January 29th. Finally, Scotiabank cut Murphy Oil from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $46.00 to $50.00 in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Murphy Oil has a consensus rating of “Moderate Buy” and a consensus target price of $48.38.

Insider Buying and Selling

In related news, VP Maria A. Martinez sold 10,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $43.35, for a total value of $433,500.00. Following the transaction, the vice president now owns 40,590 shares of the company’s stock, valued at approximately $1,759,576.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Maria A. Martinez sold 10,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $43.35, for a total value of $433,500.00. Following the completion of the sale, the vice president now directly owns 40,590 shares of the company’s stock, valued at approximately $1,759,576.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Roger W. Jenkins sold 110,000 shares of Murphy Oil stock in a transaction on Friday, March 1st. The stock was sold at an average price of $40.39, for a total transaction of $4,442,900.00. Following the transaction, the chief executive officer now directly owns 1,035,190 shares in the company, valued at $41,811,324.10. The disclosure for this sale can be found here. Insiders have sold 156,260 shares of company stock worth $6,322,644 in the last quarter. Insiders own 5.95% of the company’s stock.

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.