Neuburgh Advisers LLC lessened its stake in Murphy Oil Co. (NYSE:MUR) by 15.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,312 shares of the oil and gas producer’s stock after selling 22,240 shares during the quarter. Neuburgh Advisers LLC’s holdings in Murphy Oil were worth $3,672,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Kiwi Wealth Investments Limited Partnership increased its position in shares of Murphy Oil by 80.1% during the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 92,128 shares of the oil and gas producer’s stock valued at $2,155,000 after acquiring an additional 40,979 shares during the last quarter. HAP Trading LLC purchased a new stake in shares of Murphy Oil during the fourth quarter valued at approximately $314,000. Geode Capital Management LLC increased its position in shares of Murphy Oil by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,980,418 shares of the oil and gas producer’s stock valued at $46,321,000 after acquiring an additional 52,963 shares during the last quarter. South Dakota Investment Council purchased a new stake in shares of Murphy Oil during the first quarter valued at approximately $1,223,000. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Murphy Oil during the fourth quarter valued at approximately $914,000. Institutional investors own 85.66% of the company’s stock.
A number of analysts have issued reports on the company. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Monday. TheStreet downgraded Murphy Oil from a “b” rating to a “c” rating in a research report on Tuesday, May 14th. Stephens set a $40.00 target price on Murphy Oil and gave the stock a “hold” rating in a research report on Friday, May 17th. Credit Suisse Group set a $31.00 target price on Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, February 14th. Finally, Evercore ISI assumed coverage on Murphy Oil in a research report on Thursday, May 30th. They issued an “in-line” rating and a $30.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.04.
In other news, insider Thomas J. Mireles sold 7,400 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $27.60, for a total value of $204,240.00. Following the completion of the transaction, the insider now directly owns 21,368 shares of the company’s stock, valued at $589,756.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John B. Gardner sold 8,364 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.94, for a total value of $242,054.16. The disclosure for this sale can be found here. 6.46% of the stock is owned by company insiders.
Shares of Murphy Oil stock traded up $0.47 during trading hours on Thursday, reaching $23.60. The company had a trading volume of 31,736 shares, compared to its average volume of 2,586,450. Murphy Oil Co. has a one year low of $21.51 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a market capitalization of $4.11 billion, a P/E ratio of 18.73 and a beta of 2.07.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.05. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The firm had revenue of $591.00 million during the quarter, compared to analyst estimates of $557.15 million. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 57.3% on a year-over-year basis. Sell-side analysts expect that Murphy Oil Co. will post 1.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, May 17th. Murphy Oil’s payout ratio is currently 79.37%.
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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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