Envestnet Asset Management Inc. Has $3.27 Million Holdings in Murphy Oil Co. (NYSE:MUR)

Envestnet Asset Management Inc. decreased its stake in shares of Murphy Oil Co. (NYSE:MUR – Get Rating) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,068 shares of the oil and gas producer’s stock after selling 15,466 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Murphy Oil were worth $3,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Murphy Oil during the 2nd quarter worth approximately $25,000. CoreCap Advisors LLC acquired a new stake in Murphy Oil in the 2nd quarter valued at $64,000. Signaturefd LLC grew its position in Murphy Oil by 37.7% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the oil and gas producer’s stock valued at $75,000 after purchasing an additional 587 shares during the period. Exchange Traded Concepts LLC lifted its stake in Murphy Oil by 13.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,193 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 254 shares in the last quarter. Finally, Van ECK Associates Corp bought a new position in Murphy Oil during the 3rd quarter valued at $78,000. Institutional investors and hedge funds own 77.55% of the company’s stock.

Murphy Oil Trading Down 0.7 %

Shares of NYSE MUR opened at $41.28 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.77 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $41.74 and a two-hundred day simple moving average of $42.39. The firm has a market cap of $6.43 billion, a PE ratio of 6.75 and a beta of 2.38. Murphy Oil Co. has a twelve month low of $25.97 and a twelve month high of $51.28.

Murphy Oil (NYSE:MUR – Get Rating) last announced its earnings results on Thursday, January 26th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.08). Murphy Oil had a net margin of 24.54% and a return on equity of 18.82%. The business had revenue of $975.20 million for the quarter, compared to analyst estimates of $835.62 million. During the same period in the prior year, the company earned $0.40 earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. Analysts expect that Murphy Oil Co. will post 6.39 earnings per share for the current fiscal year.

Murphy Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th were paid a $0.275 dividend. This is an increase from Murphy Oil’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, February 10th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.66%. Murphy Oil’s dividend payout ratio is presently 17.97%.

Insider Transactions at Murphy Oil

In related news, VP Paul D. Vaughan sold 9,500 shares of Murphy Oil stock in a transaction on Monday, February 6th. The shares were sold at an average price of $41.30, for a total value of $392,350.00. Following the sale, the vice president now owns 4,716 shares of the company’s stock, valued at approximately $194,770.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Louis W. Utsch sold 10,902 shares of Murphy Oil stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $43.50, for a total value of $474,237.00. Following the completion of the sale, the vice president now directly owns 9,504 shares of the company’s stock, valued at $413,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Paul D. Vaughan sold 9,500 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $41.30, for a total value of $392,350.00. Following the sale, the vice president now directly owns 4,716 shares in the company, valued at approximately $194,770.80. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MUR shares. Piper Sandler lifted their target price on Murphy Oil from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, November 17th. Truist Financial boosted their price objective on Murphy Oil from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Tuesday, January 24th. JPMorgan Chase & Co. raised Murphy Oil from a “neutral” rating to an “overweight” rating and set a $56.00 price objective for the company in a report on Monday, December 5th. StockNews.com downgraded Murphy Oil from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. Finally, Morgan Stanley dropped their target price on Murphy Oil from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.00.

Murphy Oil Company Profile

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Murphy Oil Corp. is a holding company, which engages in the exploration and production of oil and natural gas. It operates through the Exploration and Production and Corporate and Other segment. The Exploration and Production segment includes the United States, Canada, and all other countries. The Corporate and Other segment focuses on interest income, other gains and losses, interest expense, and unallocated overhead.