Murphy Oil Co. (NYSE:MUR) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Murphy Oil Co. (NYSE:MURGet Rating) by 5.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 345,600 shares of the oil and gas producer’s stock after selling 19,600 shares during the period. Swiss National Bank’s holdings in Murphy Oil were worth $10,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MUR. California Public Employees Retirement System acquired a new position in shares of Murphy Oil in the 1st quarter valued at $5,103,000. Dimensional Fund Advisors LP boosted its holdings in shares of Murphy Oil by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,584,994 shares of the oil and gas producer’s stock valued at $346,750,000 after buying an additional 276,213 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Murphy Oil by 2.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,980 shares of the oil and gas producer’s stock valued at $633,000 after buying an additional 550 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Murphy Oil by 22.2% in the 1st quarter. Raymond James & Associates now owns 109,227 shares of the oil and gas producer’s stock valued at $4,412,000 after buying an additional 19,810 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Murphy Oil by 5.3% in the 2nd quarter. Xponance Inc. now owns 22,512 shares of the oil and gas producer’s stock valued at $680,000 after buying an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 77.38% of the company’s stock.

Murphy Oil Stock Down 1.8 %

Shares of Murphy Oil stock opened at $47.26 on Monday. The company has a market cap of $7.35 billion, a P/E ratio of 7.96 and a beta of 2.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.74 and a current ratio of 0.78. Murphy Oil Co. has a one year low of $23.50 and a one year high of $51.28. The firm has a fifty day moving average of $43.38 and a two-hundred day moving average of $38.25.

Murphy Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. Murphy Oil’s payout ratio is currently 16.84%.

Wall Street Analysts Forecast Growth

MUR has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Murphy Oil from $61.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Wells Fargo & Company upped their target price on shares of Murphy Oil from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, November 4th. StockNews.com downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. Piper Sandler upped their price target on shares of Murphy Oil from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Jefferies Financial Group started coverage on shares of Murphy Oil in a research report on Wednesday, October 19th. They issued a “hold” rating and a $46.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Murphy Oil currently has a consensus rating of “Hold” and a consensus price target of $52.11.

Insiders Place Their Bets

In other Murphy Oil news, CEO Roger W. Jenkins sold 150,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $50.52, for a total transaction of $7,578,000.00. Following the completion of the transaction, the chief executive officer now owns 664,664 shares in the company, valued at approximately $33,578,825.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Roger W. Jenkins sold 150,000 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $50.52, for a total value of $7,578,000.00. Following the completion of the transaction, the chief executive officer now owns 664,664 shares in the company, valued at approximately $33,578,825.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Maria A. Martinez sold 7,500 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $50.59, for a total transaction of $379,425.00. Following the completion of the transaction, the vice president now owns 7,531 shares of the company’s stock, valued at approximately $380,993.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 285,754 shares of company stock worth $14,117,095. 6.20% of the stock is owned by insiders.

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.

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

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