Millennium Capital Advisors LLC Invests $397,000 in Murphy Oil Corporation $MUR

Millennium Capital Advisors LLC purchased a new stake in shares of Murphy Oil Corporation (NYSE:MUR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,690 shares of the oil and gas producer’s stock, valued at approximately $397,000.

Several other hedge funds have also modified their holdings of MUR. SIR Capital Management L.P. bought a new stake in shares of Murphy Oil during the third quarter valued at approximately $30,896,000. Freestone Grove Partners LP bought a new stake in shares of Murphy Oil during the third quarter valued at approximately $21,096,000. American Century Companies Inc. grew its stake 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 valued at $106,163,000 after purchasing an additional 668,525 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Murphy Oil by 33.3% during the third quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock valued at $58,423,000 after purchasing an additional 514,127 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake 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 valued at $14,433,000 after purchasing an additional 365,011 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Insider Transactions at Murphy Oil

In other Murphy Oil news, SVP Daniel R. Hanchera sold 47,320 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 approximately $1,222,049.14. This trade represents a 56.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Murphy Oil in a research note on Friday, March 27th. Scotiabank reissued a “sector perform” rating and set a $44.00 price target on shares of Murphy Oil in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating on shares of Murphy Oil in a research note on Tuesday, February 3rd. Barclays increased their price target on shares of Murphy Oil from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company increased their price target on shares of Murphy Oil from $32.00 to $38.00 and gave the company an “equal weight” rating in a research note on Thursday, March 26th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.73.

Murphy Oil Price Performance

Shares of MUR stock opened at $40.64 on Friday. Murphy Oil Corporation has a 52-week low of $20.31 and a 52-week high of $43.34. The stock has a market cap of $5.83 billion, a PE ratio of 68.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. The firm’s 50 day moving average price is $38.60 and its two-hundred day moving average price is $33.94.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The firm had revenue of $732.35 million for the quarter, compared to analysts’ expectations of $702.96 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts forecast that Murphy Oil Corporation will post 3.38 EPS for the current year.

Murphy Oil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.4%. Murphy Oil’s dividend payout ratio (DPR) is presently 237.29%.

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.