Retirement Systems of Alabama Lowers Position in Murphy Oil Co. (NYSE:MUR)

Retirement Systems of Alabama cut its stake in Murphy Oil Co. (NYSE:MUR) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,503 shares of the oil and gas producer’s stock after selling 5,862 shares during the period. Retirement Systems of Alabama owned 0.12% of Murphy Oil worth $5,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MUR. TCI Wealth Advisors Inc. lifted its holdings in shares of Murphy Oil by 647.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,166 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 1,010 shares during the last quarter. NuWave Investment Management LLC lifted its holdings in shares of Murphy Oil by 391.9% during the third quarter. NuWave Investment Management LLC now owns 2,617 shares of the oil and gas producer’s stock valued at $53,000 after purchasing an additional 2,085 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of Murphy Oil by 583.3% during the third quarter. Capital Investment Advisory Services LLC now owns 4,100 shares of the oil and gas producer’s stock valued at $91,000 after purchasing an additional 3,500 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Murphy Oil by 14.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,574 shares of the oil and gas producer’s stock valued at $145,000 after purchasing an additional 806 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of Murphy Oil during the second quarter valued at approximately $205,000. Institutional investors and hedge funds own 94.30% of the company’s stock.

Shares of NYSE MUR opened at $22.59 on Thursday. Murphy Oil Co. has a twelve month low of $17.04 and a twelve month high of $31.13. The firm has a market cap of $3.39 billion, a P/E ratio of 3.19 and a beta of 2.16. The company has a 50 day moving average of $25.35 and a 200 day moving average of $22.58. The company has a quick ratio of 1.14, a current ratio of 1.03 and a debt-to-equity ratio of 0.48.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, January 30th. The oil and gas producer reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Murphy Oil had a return on equity of 2.59% and a net margin of 41.74%. The firm had revenue of $757.00 million during the quarter, compared to analysts’ expectations of $759.75 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. Murphy Oil’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Murphy Oil Co. will post 0.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.43%. Murphy Oil’s payout ratio is currently 114.94%.

In other Murphy Oil news, VP Christopher D. Hulse sold 4,301 shares of Murphy Oil stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $24.44, for a total value of $105,116.44. Also, VP Barry F.R. Jeffery sold 2,585 shares of Murphy Oil stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $26.03, for a total transaction of $67,287.55. Following the completion of the sale, the vice president now directly owns 30,000 shares of the company’s stock, valued at approximately $780,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,286 shares of company stock valued at $207,233. 6.46% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on MUR shares. KeyCorp lifted their target price on shares of Murphy Oil from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. TheStreet lowered shares of Murphy Oil from a “b-” rating to a “c” rating in a report on Thursday, January 30th. Wells Fargo & Co lowered their target price on shares of Murphy Oil from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Howard Weil lowered shares of Murphy Oil from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, November 13th. Finally, ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. 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.

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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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