Jefferies Group LLC trimmed its stake in shares of Murphy Oil Co. (NYSE:MUR) by 27.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,786 shares of the oil and gas producer’s stock after selling 6,032 shares during the quarter. Jefferies Group LLC’s holdings in Murphy Oil were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. NuWave Investment Management LLC bought a new position in shares of Murphy Oil during the fourth quarter worth about $125,000. Acadian Asset Management LLC bought a new position in shares of Murphy Oil during the fourth quarter worth about $197,000. Advisor Partners LLC bought a new position in shares of Murphy Oil during the fourth quarter worth about $227,000. Advisor Group Inc. raised its position in shares of Murphy Oil by 50.5% during the fourth quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock worth $218,000 after acquiring an additional 2,351 shares during the last quarter. Finally, Gofen & Glossberg LLC IL bought a new position in shares of Murphy Oil during the fourth quarter worth about $220,000. Institutional investors own 96.96% of the company’s stock.
Shares of Murphy Oil stock opened at $26.67 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.64 and a quick ratio of 1.52. Murphy Oil Co. has a one year low of $22.21 and a one year high of $35.16.
Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The firm had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. During the same quarter last year, the firm posted ($0.16) earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts predict that Murphy Oil Co. will post 0.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were paid a $0.25 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.75%. Murphy Oil’s dividend payout ratio (DPR) is presently -55.56%.
In other Murphy Oil news, insider Eugene T. Coleman sold 33,435 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the completion of the sale, the insider now owns 57,246 shares of the company’s stock, valued at $1,653,264.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.89% of the company’s stock.
MUR has been the subject of several recent analyst reports. Stephens set a $37.00 target price on Murphy Oil and gave the stock a “buy” rating in a research note on Monday, January 22nd. Cowen set a $34.00 target price on Murphy Oil and gave the stock a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research cut Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. UBS initiated coverage on Murphy Oil in a research note on Wednesday, March 7th. They set a “neutral” rating and a $28.00 target price for the company. Finally, Morgan Stanley raised their target price on Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.54.
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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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