Murphy Oil Co. (MUR) Position Reduced by US Bancorp DE

US Bancorp DE cut its stake in Murphy Oil Co. (NYSE:MUR) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,604 shares of the oil and gas producer’s stock after selling 10,611 shares during the period. US Bancorp DE’s holdings in Murphy Oil were worth $1,851,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec boosted its stake in Murphy Oil by 11.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,300 shares of the oil and gas producer’s stock worth $995,000 after purchasing an additional 3,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Murphy Oil by 101.1% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,446 shares of the oil and gas producer’s stock valued at $2,641,000 after acquiring an additional 50,000 shares during the period. Shell Asset Management Co. lifted its stake in Murphy Oil by 103.3% during the 3rd quarter. Shell Asset Management Co. now owns 26,101 shares of the oil and gas producer’s stock valued at $1,485,000 after acquiring an additional 13,262 shares during the period. Magnetar Financial LLC acquired a new stake in Murphy Oil during the 3rd quarter valued at approximately $2,163,000. Finally, Teacher Retirement System of Texas acquired a new stake in Murphy Oil during the 3rd quarter valued at approximately $3,405,000. Institutional investors own 96.23% of the company’s stock.

Murphy Oil Co. (MUR) opened at $26.59 on Friday. 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 12 month low of $22.21 and a 12 month high of $35.16.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. During the same period in the previous year, the business posted ($0.16) EPS. The business’s revenue was up 12.5% compared to the same quarter last year. analysts forecast that Murphy Oil Co. will post 0.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, February 20th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, February 16th. Murphy Oil’s dividend payout ratio is currently -55.56%.

In related news, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Eugene T. Coleman sold 33,435 shares of the business’s 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 of the company’s stock, valued at $1,653,264.48. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

Several analysts have commented on MUR shares. Barclays lifted their price objective on shares of Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Cowen set a $34.00 price objective on shares of Murphy Oil and gave the company a “hold” rating in a research note on Thursday, January 18th. ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Stephens set a $37.00 price objective on shares of Murphy Oil and gave the company a “buy” rating in a research note on Monday, January 22nd. Three equities 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. Murphy Oil presently has a consensus rating of “Hold” and an average target price of $31.83.

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Murphy Oil 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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