Lindbrook Capital LLC Has $44,000 Holdings in Murphy Oil Co. (NYSE:MUR)

Lindbrook Capital LLC boosted its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 60.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,441 shares of the oil and gas producer’s stock after acquiring an additional 543 shares during the quarter. Lindbrook Capital LLC’s holdings in Murphy Oil were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Lindenwold Advisors INC boosted its position in Murphy Oil by 3.5% during the 3rd quarter. Lindenwold Advisors INC now owns 10,529 shares of the oil and gas producer’s stock worth $355,000 after acquiring an additional 358 shares during the period. Harbor Capital Advisors Inc. increased its position in Murphy Oil by 1.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 25,069 shares of the oil and gas producer’s stock worth $759,000 after buying an additional 450 shares during the period. Covestor Ltd increased its position in Murphy Oil by 266.8% in the 3rd quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 539 shares during the period. KBC Group NV increased its position in Murphy Oil by 14.5% in the 3rd quarter. KBC Group NV now owns 4,276 shares of the oil and gas producer’s stock worth $144,000 after buying an additional 540 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Murphy Oil by 32.9% in 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 during the period. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MUR has been the topic of a number of research reports. Piper Sandler lowered their price objective on Murphy Oil from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday. KeyCorp lowered their price objective on Murphy Oil from $50.00 to $37.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Roth Capital set a $37.00 price objective on Murphy Oil in a research report on Thursday, January 23rd. Morgan Stanley restated an “underweight” rating and set a $37.00 price objective on shares of Murphy Oil in a research report on Wednesday, January 22nd. Finally, Barclays restated an “equal weight” rating on shares of Murphy Oil in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.31.

Insiders Place Their Bets

In other Murphy Oil news, VP Meenambigai Palanivelu acquired 1,573 shares of Murphy Oil stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $26.70 per share, with a total value of $41,999.10. Following the completion of the purchase, the vice president now owns 37,065 shares in the company, valued at $989,635.50. This trade represents a 4.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Claiborne P. Deming bought 50,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $26.47 per share, with a total value of $1,323,500.00. Following the transaction, the director now owns 931,651 shares of the company’s stock, valued at $24,660,801.97. The trade was a 5.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.92% of the company’s stock.

Murphy Oil Price Performance

Shares of MUR stock opened at $25.40 on Friday. The stock’s fifty day simple moving average is $28.94 and its 200 day simple moving average is $31.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.83 and a quick ratio of 0.77. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 9.44 and a beta of 2.18. Murphy Oil Co. has a one year low of $22.90 and a one year high of $49.14.

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

Murphy Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.30 dividend on an annualized basis and a yield of 5.12%. This is a positive change from Murphy Oil’s previous quarterly dividend of $0.30. Murphy Oil’s payout ratio is currently 48.33%.

About Murphy Oil

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.