Raymond James & Associates cut its position in shares of Murphy Oil (NYSE:MUR) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,183 shares of the oil and gas producer’s stock after selling 2,893 shares during the period. Raymond James & Associates’ holdings in Murphy Oil were worth $689,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its position in shares of Murphy Oil by 15.0% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 33,700 shares of the oil and gas producer’s stock valued at $1,046,000 after purchasing an additional 4,400 shares during the period. Two Sigma Advisers LP increased its position in shares of Murphy Oil by 102.9% during the fourth quarter. Two Sigma Advisers LP now owns 897,825 shares of the oil and gas producer’s stock valued at $27,877,000 after purchasing an additional 455,286 shares during the period. Van Den Berg Management I Inc. increased its position in shares of Murphy Oil by 5.4% during the fourth quarter. Van Den Berg Management I Inc. now owns 183,645 shares of the oil and gas producer’s stock valued at $5,702,000 after purchasing an additional 9,345 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Murphy Oil during the fourth quarter valued at approximately $15,400,000. Finally, Advisor Group Inc. increased its position in shares of Murphy Oil by 50.5% during the fourth quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 2,351 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.
Shares of MUR stock opened at $30.59 on Tuesday. 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 capitalization of $5,242.76, a P/E ratio of -235.31 and a beta of 2.31. Murphy Oil has a one year low of $22.21 and a one year high of $35.16.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results 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. The business had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. Murphy Oil’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.16) EPS. research analysts expect that Murphy Oil will post 1.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, May 11th. Murphy Oil’s dividend payout ratio is -769.23%.
A number of analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Cowen set a $34.00 price objective on Murphy Oil and gave the company a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research upgraded Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Stephens set a $37.00 price objective on Murphy Oil and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.58.
In related news, insider Eugene T. Coleman sold 33,435 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the sale, the insider now owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.59% of the stock is owned by insiders.
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About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
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