Murphy Oil Corporation $MUR Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of Murphy Oil Corporation (NYSE:MUR) by 138.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,936 shares of the oil and gas producer’s stock after acquiring an additional 20,271 shares during the period. State of Alaska Department of Revenue’s holdings in Murphy Oil were worth $1,090,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Murphy Oil by 255.3% during the third quarter. Allianz Asset Management GmbH now owns 508,012 shares of the oil and gas producer’s stock worth $14,433,000 after purchasing an additional 365,011 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Murphy Oil by 60.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,119,622 shares of the oil and gas producer’s stock worth $60,218,000 after purchasing an additional 794,510 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Murphy Oil by 21.8% during the third quarter. American Century Companies Inc. now owns 3,736,815 shares of the oil and gas producer’s stock worth $106,163,000 after purchasing an additional 668,525 shares during the last quarter. SummerHaven Investment Management LLC acquired a new stake in shares of Murphy Oil during the third quarter worth $920,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Murphy Oil by 512.1% during the third quarter. Concurrent Investment Advisors LLC now owns 69,948 shares of the oil and gas producer’s stock worth $1,987,000 after purchasing an additional 58,521 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil Price Performance

Shares of Murphy Oil stock opened at $38.09 on Wednesday. Murphy Oil Corporation has a twelve month low of $20.16 and a twelve month high of $43.34. The stock has a market capitalization of $5.46 billion, a P/E ratio of 52.90 and a beta of 0.59. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $36.63 and its 200 day moving average price is $32.76.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.21. Murphy Oil had a return on equity of 3.73% and a net margin of 3.83%.The firm had revenue of $613.08 million for the quarter, compared to analysts’ expectations of $650.90 million. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, research analysts anticipate that Murphy Oil Corporation will post 2.61 earnings per share for the current year.

Murphy Oil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 3.7%. Murphy Oil’s dividend payout ratio (DPR) is 194.44%.

Insider Buying and Selling

In other Murphy Oil news, SVP Daniel R. Hanchera sold 47,320 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $33.79, for a total value of $1,598,942.80. Following the transaction, the senior vice president directly owned 36,166 shares of the company’s stock, valued at $1,222,049.14. This trade represents a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MUR has been the topic of a number of research analyst reports. UBS Group lifted their target price on Murphy Oil from $43.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Murphy Oil in a report on Friday, March 27th. Mizuho lifted their target price on Murphy Oil from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Piper Sandler upgraded Murphy Oil from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $33.00 to $41.00 in a report on Thursday, March 12th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Murphy Oil in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Murphy Oil currently has a consensus rating of “Hold” and an average price target of $33.27.

Murphy Oil Company Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.