Ameritas Investment Partners Inc. boosted its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 1,151.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,415 shares of the oil and gas producer’s stock after acquiring an additional 44,546 shares during the period. Ameritas Investment Partners Inc.’s holdings in Murphy Oil were worth $1,097,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Group Inc. grew its stake in Murphy Oil by 8.0% during the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 301 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Murphy Oil by 24.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock valued at $125,000 after acquiring an additional 960 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new stake in Murphy Oil during the 3rd quarter valued at about $216,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Murphy Oil during the 3rd quarter valued at about $230,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in Murphy Oil by 75.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,060 shares of the oil and gas producer’s stock valued at $233,000 after acquiring an additional 3,890 shares in the last quarter. 96.87% of the stock is owned by institutional investors.
Murphy Oil Co. (MUR) traded down $0.32 during trading on Thursday, hitting $28.30. 1,542,900 shares of the stock traded hands, compared to its average volume of 2,880,436. Murphy Oil Co. has a twelve month low of $22.21 and a twelve month high of $34.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.60.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million during the quarter, compared to analysts’ expectations of $460.17 million. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.18) EPS. equities analysts forecast that Murphy Oil Co. will post -0.2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.53%. Murphy Oil’s payout ratio is currently -196.08%.
Several analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Murphy Oil in a research note on Monday. They set a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research cut shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley increased their price target on shares of Murphy Oil from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. Cowen reissued a “hold” rating and issued a $30.00 price target on shares of Murphy Oil in a research note on Sunday, September 17th. Finally, Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $29.91.
In related news, VP John B. Gardner sold 3,783 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Madison Murphy sold 6,325 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $28.55, for a total transaction of $180,578.75. The disclosure for this sale can be found here. Insiders have purchased a total of 76,500 shares of company stock valued at $17,850 in the last ninety days. 6.89% of the stock is currently owned by corporate insiders.
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About Murphy Oil
Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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