LS Investment Advisors LLC lowered its position in Murphy Oil Co. (NYSE:MUR) by 43.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,827 shares of the oil and gas producer’s stock after selling 8,395 shares during the period. LS Investment Advisors LLC’s holdings in Murphy Oil were worth $336,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Pzena Investment Management LLC raised its position in shares of Murphy Oil by 1.0% in the 3rd quarter. Pzena Investment Management LLC now owns 9,609,282 shares of the oil and gas producer’s stock worth $255,223,000 after acquiring an additional 98,500 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Murphy Oil by 4.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 6,207,620 shares of the oil and gas producer’s stock worth $164,874,000 after acquiring an additional 260,467 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Murphy Oil by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,060,780 shares of the oil and gas producer’s stock worth $134,421,000 after acquiring an additional 113,685 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Murphy Oil by 19.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,326,099 shares of the oil and gas producer’s stock worth $88,342,000 after acquiring an additional 541,618 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Murphy Oil by 407.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,057,047 shares of the oil and gas producer’s stock worth $28,073,000 after acquiring an additional 848,930 shares in the last quarter. 97.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Murphy Oil Co. (NYSE MUR) opened at $26.59 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.60 and a debt-to-equity ratio of 0.63. Murphy Oil Co. has a 52 week low of $22.21 and a 52 week high of $35.16.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million for the quarter, compared to the consensus estimate of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.16) EPS. sell-side analysts predict that Murphy Oil Co. will post 0.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 3.76%. Murphy Oil’s dividend payout ratio is -55.56%.
In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total transaction of $965,602.80. Following the sale, the insider now directly owns 57,246 shares in the company, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.89% of the company’s stock.
Several research analysts have recently issued reports on MUR shares. Stephens set a $37.00 target price on Murphy Oil and gave the stock a “buy” rating in a research report on Monday, January 22nd. Cowen set a $34.00 target price on Murphy Oil and gave the stock a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Friday, October 27th. Morgan Stanley increased their target price on Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.83.
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About Murphy Oil
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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