Alambic Investment Management L.P. raised its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 27.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,078 shares of the oil and gas producer’s stock after buying an additional 3,278 shares during the period. Alambic Investment Management L.P.’s holdings in Murphy Oil were worth $92,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. TCI Wealth Advisors Inc. lifted its position in shares of Murphy Oil by 647.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,166 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 1,010 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Murphy Oil by 534.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,547 shares of the oil and gas producer’s stock worth $38,000 after purchasing an additional 1,303 shares during the period. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Murphy Oil during the fourth quarter worth $73,000. Pensionmark Financial Group LLC purchased a new stake in shares of Murphy Oil during the first quarter valued at $73,000. Finally, AGF Investments Inc. acquired a new position in shares of Murphy Oil in the 1st quarter valued at $85,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.
In other news, Director Robert Madison Murphy acquired 2,765 shares of the company’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $19.06 per share, with a total value of $52,700.90. Also, VP Barry F.R. Jeffery bought 5,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $6.68 per share, for a total transaction of $33,400.00. Following the completion of the transaction, the vice president now owns 44,839 shares in the company, valued at approximately $299,524.52. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 127,765 shares of company stock valued at $807,201. 6.59% of the stock is currently owned by corporate insiders.
A number of analysts have commented on MUR shares. Morgan Stanley upped their price objective on shares of Murphy Oil from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Tuesday. TheStreet downgraded shares of Murphy Oil from a “b-” rating to a “c” rating in a research report on Thursday, January 30th. Cfra lowered their price objective on shares of Murphy Oil from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. ValuEngine raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Finally, Mizuho raised their target price on Murphy Oil from $5.00 to $8.00 and gave the stock an “underperform” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $18.70.
NYSE MUR traded down $0.27 on Friday, reaching $12.29. The stock had a trading volume of 2,922,111 shares, compared to its average volume of 5,406,765. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 0.72. Murphy Oil Co. has a 1 year low of $4.50 and a 1 year high of $28.12. The business has a 50 day moving average price of $9.33 and a 200 day moving average price of $18.20. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 29.21 and a beta of 3.29.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.30) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.15. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $600.87 million. Murphy Oil had a return on equity of 1.30% and a net margin of 21.89%. The firm’s revenue was up 59.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, analysts anticipate that Murphy Oil Co. will post -2.34 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, May 15th. Murphy Oil’s payout ratio is presently 57.47%.
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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