Guggenheim Capital LLC lessened its holdings in Murphy Oil Co. (NYSE:MUR) by 71.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,791 shares of the oil and gas producer’s stock after selling 269,675 shares during the period. Guggenheim Capital LLC owned about 0.06% of Murphy Oil worth $3,346,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Mutual of America Capital Management LLC raised its holdings in Murphy Oil by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 132,416 shares of the oil and gas producer’s stock valued at $4,112,000 after buying an additional 1,586 shares in the last quarter. Tredje AP fonden raised its holdings in Murphy Oil by 5.5% during the third quarter. Tredje AP fonden now owns 39,454 shares of the oil and gas producer’s stock valued at $1,048,000 after buying an additional 2,040 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Murphy Oil by 2.1% during the fourth quarter. Engineers Gate Manager LP now owns 100,368 shares of the oil and gas producer’s stock valued at $3,116,000 after buying an additional 2,056 shares in the last quarter. Aperio Group LLC raised its holdings in Murphy Oil by 1.7% during the fourth quarter. Aperio Group LLC now owns 127,553 shares of the oil and gas producer’s stock valued at $3,961,000 after buying an additional 2,103 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Murphy Oil by 5.9% in the third quarter. Macquarie Group Ltd. now owns 39,800 shares of the oil and gas producer’s stock worth $1,056,000 after purchasing an additional 2,200 shares during the period. 96.97% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on Murphy Oil from $26.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 24th. Cowen set a $34.00 price objective on Murphy Oil and gave the stock a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research raised Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. 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. Finally, ValuEngine downgraded Murphy Oil from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.69.
Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. sell-side analysts forecast that Murphy Oil Co. will post 0.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) is -769.23%.
In other news, 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 value of $965,602.80. Following the completion of the transaction, the insider now owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.89% of the stock is owned by insiders.
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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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