Schroder Investment Management Group lifted its position in Murphy Oil Co. (NYSE:MUR) by 351.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 939,234 shares of the oil and gas producer’s stock after purchasing an additional 731,385 shares during the period. Schroder Investment Management Group’s holdings in Murphy Oil were worth $29,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Murphy Oil by 27.0% in the fourth quarter. Arizona State Retirement System now owns 116,762 shares of the oil and gas producer’s stock worth $3,625,000 after purchasing an additional 24,854 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in Murphy Oil during the fourth quarter valued at $1,046,000. Advisory Services Network LLC grew its stake in Murphy Oil by 27.5% during the fourth quarter. Advisory Services Network LLC now owns 12,538 shares of the oil and gas producer’s stock valued at $389,000 after acquiring an additional 2,708 shares in the last quarter. Signition LP purchased a new position in Murphy Oil during the fourth quarter valued at $226,000. Finally, The Manufacturers Life Insurance Company grew its stake in Murphy Oil by 12.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 268,756 shares of the oil and gas producer’s stock valued at $8,345,000 after acquiring an additional 29,784 shares in the last quarter. 97.78% of the stock is owned by hedge funds and other institutional investors.
In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the transaction, the insider now owns 57,246 shares in the company, valued at $1,653,264.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.89% of the stock is owned by company insiders.
Murphy Oil Co. (MUR) opened at $26.12 on Friday. Murphy Oil Co. has a 12-month low of $22.21 and a 12-month high of $35.16. The company has a quick ratio of 1.60, a current ratio of 1.64 and a debt-to-equity ratio of 0.63.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The business had revenue of $541.58 million during the quarter, compared to analyst estimates of $552.54 million. During the same quarter last year, the business earned ($0.16) earnings per share. Murphy Oil’s quarterly revenue was up 12.5% compared to the same quarter last year. analysts expect that Murphy Oil Co. will post 0.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 3.83%. Murphy Oil’s dividend payout ratio (DPR) is currently -55.56%.
Several equities analysts recently weighed in on MUR shares. Stephens set a $37.00 target price on shares of Murphy Oil and gave the company a “buy” rating in a research note on Monday, January 22nd. Cowen set a $34.00 target price on shares of Murphy Oil and gave the company a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Friday, October 27th. Morgan Stanley raised their target price on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Finally, ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $31.83.
WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/23/schroder-investment-management-group-has-29-16-million-stake-in-murphy-oil-co-mur.html.
Murphy Oil Profile
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.
Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Co. (NYSE:MUR).
Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.