Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Murphy Oil Co. (NYSE:MUR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,400 shares of the oil and gas producer’s stock, valued at approximately $322,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its holdings in shares of Murphy Oil by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 208,117 shares of the oil and gas producer’s stock worth $5,333,000 after acquiring an additional 5,962 shares during the period. Advisor Group Inc. boosted its holdings in shares of Murphy Oil by 8.0% in the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 301 shares during the period. HighTower Advisors LLC bought a new position in shares of Murphy Oil in the second quarter worth $236,000. Janus Henderson Group PLC boosted its holdings in shares of Murphy Oil by 23.0% in the second quarter. Janus Henderson Group PLC now owns 36,307 shares of the oil and gas producer’s stock worth $930,000 after acquiring an additional 6,779 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Murphy Oil by 25.6% during the second quarter. Toronto Dominion Bank now owns 54,965 shares of the oil and gas producer’s stock valued at $1,409,000 after buying an additional 11,218 shares during the period. 97.78% of the stock is owned by institutional investors and hedge funds.
Several research firms recently issued reports on MUR. Barclays lifted their price objective on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price objective on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Stephens set a $37.00 price target on Murphy Oil and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Cowen set a $34.00 price target on Murphy Oil and gave the company a “hold” rating in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.83.
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, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. The firm 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 company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) earnings per share. sell-side analysts anticipate that Murphy Oil Co. will post 0.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.76%. Murphy Oil’s dividend payout ratio is currently -55.56%.
In other news, insider Eugene T. Coleman sold 33,435 shares of Murphy Oil stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following 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 SEC, which can be accessed through this link. 6.89% of the stock is currently owned by insiders.
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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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