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MUR

Bag Shares of MUR Cheaper Than the CEO Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 3, Murphy Oil Corp's CEO, Roger W. Jenkins, invested $485,400.00 into 15,000 shares of MUR, for a cost per share of $32.36. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Murphy Oil Corp (Symbol: MUR) and achieve a cost basis even cheaper than Jenkins, with shares changing hands as low as $32.24 per share. Murphy Oil Corp shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of MUR shares, versus its 200 day moving average:

Murphy Oil Corp Chart

Looking at the chart above, MUR's low point in its 52 week range is $30.92 per share, with $62.53 as the 52 week high point - that compares with a last trade of $32.45. By comparison, below is a table showing the prices at which MUR insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/03/2015 Roger W. Jenkins President & CEO 15,000 $32.36 $485,400.00

The current annualized dividend paid by Murphy Oil Corp is $1.40/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 08/13/2015. Below is a long-term dividend history chart for MUR, which can be of good help in judging whether the most recent dividend with approx. 4.3% annualized yield is likely to continue.

MUR+Dividend+History+Chart

According to the ETF Finder at ETF Channel, MUR makes up 2.63% of the First Trust Energy AlphaDEX Fund ETF (Symbol: FXN) which is trading up by about 0.6% on the day Monday.

Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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