Advisor Group Inc. grew its stake in Murphy Oil Co. (NYSE:MUR) by 50.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,008 shares of the oil and gas producer’s stock after purchasing an additional 2,351 shares during the period. Advisor Group Inc.’s holdings in Murphy Oil were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. NuWave Investment Management LLC purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $125,000. Acadian Asset Management LLC purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $197,000. Advisor Partners LLC purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $227,000. Gofen & Glossberg LLC IL purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $220,000. Finally, Signition LP purchased a new stake in shares of Murphy Oil in the fourth quarter valued at approximately $226,000. Institutional investors and hedge funds own 96.97% of the company’s stock.
In other news, insider Eugene T. Coleman sold 33,435 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was 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 directly owns 57,246 shares in the company, valued at $1,653,264.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.89% of the company’s stock.
MUR has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on Murphy Oil in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Zacks Investment Research lowered Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Morgan Stanley upped their price target on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Societe Generale upgraded Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Finally, Cowen set a $34.00 price objective on Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.54.
Shares of Murphy Oil stock opened at $26.56 on Friday. The company has a market capitalization of $4,492.07, a P/E ratio of -204.31 and a beta of 2.32. Murphy Oil Co. has a fifty-two week low of $22.21 and a fifty-two week high of $35.16. The company has a quick ratio of 1.52, a current ratio of 1.64 and a debt-to-equity ratio of 0.63.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The company had revenue of $541.58 million during the quarter, compared to analyst estimates of $552.54 million. During the same period in the prior year, the business posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts predict that Murphy Oil Co. will post 0.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 11th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. Murphy Oil’s dividend payout ratio is currently -769.23%.
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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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