OppenheimerFunds Inc. reduced its position in Murphy Oil Co. (NYSE:MUR) by 83.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,879 shares of the oil and gas producer’s stock after selling 98,174 shares during the quarter. OppenheimerFunds Inc.’s holdings in Murphy Oil were worth $617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of MUR. NuWave Investment Management LLC bought a new position in shares of Murphy Oil in the fourth quarter worth approximately $125,000. Acadian Asset Management LLC bought a new position in shares of Murphy Oil in the fourth quarter worth approximately $197,000. Gofen & Glossberg LLC IL bought a new position in shares of Murphy Oil in the fourth quarter worth approximately $220,000. Signition LP bought a new position in shares of Murphy Oil in the fourth quarter worth approximately $226,000. Finally, Advisor Partners LLC bought a new position in shares of Murphy Oil in the fourth quarter worth approximately $227,000. Institutional investors and hedge funds own 96.96% of the company’s stock.
In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the transaction, the insider now owns 57,246 shares in the company, valued at $1,653,264.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.89% of the stock is owned by company insiders.
MUR stock opened at $25.20 on Wednesday. Murphy Oil Co. has a 12-month low of $22.21 and a 12-month high of $35.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.52 and a current ratio of 1.64.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data 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. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The business had revenue of $541.58 million during the quarter, compared to analyst estimates of $552.54 million. During the same quarter last year, the business earned ($0.16) earnings per share. Murphy Oil’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts forecast that Murphy Oil Co. will post 0.85 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 3.97%. Murphy Oil’s dividend payout ratio (DPR) is currently -55.56%.
A number of equities analysts have weighed in on MUR shares. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Barclays upped their target price on shares of Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Cowen set a $34.00 target price on shares of Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th. ValuEngine lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Stephens set a $37.00 target price on shares of Murphy Oil and gave the stock a “buy” rating in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.54.
Murphy Oil Company Profile
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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