Meadow Creek Investment Management LLC lifted its holdings in Murphy Oil Co. (NYSE:MUR) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 227,426 shares of the oil and gas producer’s stock after buying an additional 10,472 shares during the quarter. Meadow Creek Investment Management LLC owned about 0.13% of Murphy Oil worth $7,061,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. NuWave Investment Management LLC bought a new stake in Murphy Oil during the 4th quarter worth about $125,000. Acadian Asset Management LLC bought a new stake in shares of Murphy Oil in the 4th quarter valued at about $197,000. Advisor Group Inc. increased its stake in shares of Murphy Oil by 50.5% in the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock valued at $218,000 after acquiring an additional 2,351 shares during the last quarter. Gofen & Glossberg LLC IL bought a new stake in shares of Murphy Oil in the 4th quarter valued at about $220,000. Finally, Signition LP bought a new stake in shares of Murphy Oil in the 4th quarter valued at about $226,000. 96.97% of the stock is owned by hedge funds and other institutional investors.
MUR has been the subject of several research analyst reports. Credit Suisse Group assumed coverage on Murphy Oil in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research downgraded Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Cowen set a $34.00 price target on Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th. Stephens set a $37.00 price target on Murphy Oil and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Morgan Stanley increased their price objective on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.54.
In other news, insider Eugene T. Coleman sold 33,435 shares of the 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 sale, the insider now directly owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.89% of the company’s stock.
MUR stock opened at $26.56 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.52 and a debt-to-equity ratio of 0.63. The firm has a market cap of $4,492.07, a price-to-earnings 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.
Murphy Oil (NYSE:MUR) last posted 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. The firm had revenue of $541.58 million for the quarter, compared to analysts’ expectations of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.16) EPS. equities analysts expect that Murphy Oil Co. will post 0.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) 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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