Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Murphy Oil Co. (NYSE:MUR) by 74.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,740 shares of the oil and gas producer’s stock after selling 25,102 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Murphy Oil were worth $271,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mutual of America Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 1,586 shares during the period. Dupont Capital Management Corp lifted its holdings in shares of Murphy Oil by 18.4% during the fourth quarter. Dupont Capital Management Corp now owns 68,300 shares of the oil and gas producer’s stock valued at $2,121,000 after acquiring an additional 10,600 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Murphy Oil by 7.9% during the fourth quarter. Bessemer Group Inc. now owns 77,521 shares of the oil and gas producer’s stock valued at $2,407,000 after acquiring an additional 5,646 shares during the period. LMR Partners LLP lifted its holdings in shares of Murphy Oil by 194.2% during the fourth quarter. LMR Partners LLP now owns 221,073 shares of the oil and gas producer’s stock valued at $6,864,000 after acquiring an additional 145,931 shares during the period. Finally, Advisor Partners LLC bought a new position in shares of Murphy Oil during the fourth quarter valued at $227,000. 97.78% of the stock is owned by institutional investors.
Murphy Oil Co. (NYSE:MUR) opened at $26.59 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. Murphy Oil Co. has a twelve month low of $22.21 and a twelve month high of $35.16. The stock has a market capitalization of $4,588.71, a PE ratio of -14.77 and a beta of 2.25.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, February 20th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%. Murphy Oil’s payout ratio is -55.56%.
MUR has been the subject of a number of analyst reports. Barclays lifted their price objective on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Zacks Investment Research raised Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Cowen set a $34.00 price target on Murphy Oil and gave the company a “hold” rating in a report on Thursday, January 18th. ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Stephens set a $37.00 price target on Murphy Oil and gave the company a “buy” rating in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.83.
In related 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 completion of the sale, the insider now directly owns 57,246 shares in the company, valued at $1,653,264.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.89% of the stock is owned by company insiders.
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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