Quadrant Capital Group LLC Grows Stake in Murphy Oil Co. (NYSE:MUR)

Quadrant Capital Group LLC increased its stake in shares of Murphy Oil Co. (NYSE:MUR) by 16.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,353 shares of the oil and gas producer’s stock after buying an additional 627 shares during the quarter. Quadrant Capital Group LLC’s holdings in Murphy Oil were worth $132,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Huntington National Bank raised its position in shares of Murphy Oil by 342.8% in the fourth quarter. Huntington National Bank now owns 828 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 641 shares during the period. Lindbrook Capital LLC grew its stake in shares of Murphy Oil by 60.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 543 shares during the period. Headlands Technologies LLC boosted its position in shares of Murphy Oil by 32.9% during the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer’s stock worth $58,000 after purchasing an additional 471 shares during the period. Jones Financial Companies Lllp lifted its holdings in Murphy Oil by 32.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer’s stock worth $69,000 after buying an additional 565 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Murphy Oil in the 4th quarter valued at $113,000. 78.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Meenambigai Palanivelu purchased 1,573 shares of Murphy Oil stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $26.70 per share, with a total value of $41,999.10. Following the transaction, the vice president now directly owns 37,065 shares in the company, valued at $989,635.50. The trade was a 4.43 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Claiborne P. Deming acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $26.47 per share, with a total value of $1,323,500.00. Following the acquisition, the director now owns 931,651 shares in the company, valued at $24,660,801.97. The trade was a 5.67 % increase in their position. The disclosure for this purchase can be found here. 5.92% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MUR. KeyCorp lowered their price objective on shares of Murphy Oil from $50.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Mizuho reduced their price objective on shares of Murphy Oil from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Morgan Stanley cut their price target on shares of Murphy Oil from $37.00 to $32.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. Truist Financial lowered shares of Murphy Oil from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $42.00 to $31.00 in a research report on Friday, January 31st. Finally, Piper Sandler lowered their price target on shares of Murphy Oil from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Murphy Oil currently has an average rating of “Hold” and an average target price of $34.23.

Murphy Oil Stock Up 18.4 %

Shares of NYSE MUR opened at $23.23 on Thursday. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. Murphy Oil Co. has a 12-month low of $18.95 and a 12-month high of $48.64. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 8.64 and a beta of 1.68. The firm’s 50-day simple moving average is $26.25 and its 200 day simple moving average is $29.98.

Murphy Oil (NYSE:MUR) last released its earnings results on Thursday, January 30th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.27). Murphy Oil had a net margin of 13.44% and a return on equity of 7.66%. During the same quarter last year, the company earned $0.90 EPS. On average, research analysts expect that Murphy Oil Co. will post 2.94 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, May 16th will be paid a $0.325 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.60%. Murphy Oil’s dividend payout ratio (DPR) is presently 48.33%.

Murphy Oil Company Profile

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.