UBS Group AG Has $6.39 Million Holdings in Murphy Oil Co. (NYSE:MUR)

UBS Group AG lessened its position in shares of Murphy Oil Co. (NYSE:MURFree Report) by 11.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 149,788 shares of the oil and gas producer’s stock after selling 18,655 shares during the quarter. UBS Group AG owned approximately 0.10% of Murphy Oil worth $6,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Murphy Oil during the 4th quarter worth approximately $29,000. Headinvest LLC acquired a new stake in shares of Murphy Oil during the 3rd quarter worth approximately $70,000. Principal Securities Inc. acquired a new stake in shares of Murphy Oil during the 4th quarter worth approximately $151,000. GAMMA Investing LLC acquired a new stake in shares of Murphy Oil during the 4th quarter worth approximately $163,000. Finally, Quadrant Capital Group LLC grew its position in shares of Murphy Oil by 18.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,938 shares of the oil and gas producer’s stock worth $168,000 after buying an additional 618 shares during the period. Institutional investors and hedge funds own 78.31% of the company’s stock.

Insider Transactions at Murphy Oil

In other news, VP Maria A. Martinez sold 10,000 shares of Murphy Oil stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $43.35, for a total transaction of $433,500.00. Following the sale, the vice president now directly owns 40,590 shares in the company, valued at approximately $1,759,576.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MUR shares. Roth Mkm reaffirmed a “buy” rating on shares of Murphy Oil in a research report on Wednesday, March 20th. StockNews.com downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Friday. KeyCorp raised their price objective on shares of Murphy Oil from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Truist Financial lifted their price target on shares of Murphy Oil from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Murphy Oil from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.00.

Check Out Our Latest Analysis on Murphy Oil

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $40.01 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $44.76 and its two-hundred day simple moving average is $42.33. Murphy Oil Co. has a 1-year low of $36.34 and a 1-year high of $49.14. The stock has a market cap of $6.10 billion, a PE ratio of 11.14 and a beta of 2.21.

Murphy Oil (NYSE:MURGet Free Report) last released its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $794.80 million for the quarter, compared to analysts’ expectations of $750.94 million. Murphy Oil had a return on equity of 11.75% and a net margin of 16.40%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 EPS. As a group, analysts forecast that Murphy Oil Co. will post 4.27 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Friday, May 17th. Murphy Oil’s payout ratio is 33.43%.

Murphy Oil Company Profile

(Free Report)

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.

See Also

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

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