Yousif Capital Management LLC Cuts Stake in Murphy Oil Co. (NYSE:MUR)

Yousif Capital Management LLC lessened its stake in Murphy Oil Co. (NYSE:MUR) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,002 shares of the oil and gas producer’s stock after selling 2,656 shares during the quarter. Yousif Capital Management LLC’s holdings in Murphy Oil were worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new position in Murphy Oil in the fourth quarter worth about $29,000. Headinvest LLC bought a new stake in shares of Murphy Oil during the third quarter valued at approximately $70,000. GAMMA Investing LLC purchased a new position in Murphy Oil in the 4th quarter worth approximately $163,000. Trust Point Inc. bought a new position in Murphy Oil in the 4th quarter valued at approximately $206,000. Finally, Forum Financial Management LP purchased a new stake in Murphy Oil during the 3rd quarter valued at $209,000. Institutional investors own 78.31% of the company’s stock.

Insider Buying and Selling at Murphy Oil

In related news, VP Louis W. Utsch sold 30,260 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $39.94, for a total transaction of $1,208,584.40. Following the completion of the sale, the vice president now owns 9,504 shares in the company, valued at $379,589.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Roger W. Jenkins sold 110,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $40.39, for a total value of $4,442,900.00. Following the sale, the chief executive officer now directly owns 1,035,190 shares in the company, valued at $41,811,324.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Louis W. Utsch sold 30,260 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $39.94, for a total value of $1,208,584.40. Following the transaction, the vice president now owns 9,504 shares of the company’s stock, valued at approximately $379,589.76. The disclosure for this sale can be found here. Insiders have sold 156,260 shares of company stock valued at $6,322,644 over the last 90 days. 5.95% of the stock is currently owned by corporate insiders.

Murphy Oil Trading Up 0.0 %

NYSE:MUR opened at $46.44 on Monday. Murphy Oil Co. has a one year low of $32.80 and a one year high of $49.14. The business has a fifty day moving average price of $43.92 and a 200-day moving average price of $42.68. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 11.00 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.89 and a quick ratio of 0.82.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas producer reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). Murphy Oil had a return on equity of 13.02% and a net margin of 19.12%. The company had revenue of $844.20 million during the quarter, compared to analysts’ expectations of $852.24 million. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. Sell-side analysts forecast that Murphy Oil Co. will post 4.74 EPS for the current year.

Murphy Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s payout ratio is 28.44%.

Wall Street Analyst Weigh In

MUR has been the subject of several recent analyst reports. Barclays began coverage on Murphy Oil in a report on Wednesday, April 10th. They set an “equal weight” rating and a $54.00 price target on the stock. KeyCorp raised their price target on shares of Murphy Oil from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Piper Sandler boosted their price objective on shares of Murphy Oil from $49.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Mizuho raised their target price on shares of Murphy Oil from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Murphy Oil from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.64.

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.