Paloma Partners Management Co grew its stake in shares of Murphy Oil Co. (NYSE:MUR) by 2,515.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 238,460 shares of the oil and gas producer’s stock after purchasing an additional 229,342 shares during the quarter. Paloma Partners Management Co owned approximately 0.14% of Murphy Oil worth $7,404,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Pzena Investment Management LLC boosted its stake in shares of Murphy Oil by 1.0% during the fourth quarter. Pzena Investment Management LLC now owns 9,703,852 shares of the oil and gas producer’s stock valued at $301,305,000 after purchasing an additional 94,570 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Murphy Oil by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 5,060,780 shares of the oil and gas producer’s stock valued at $134,421,000 after purchasing an additional 113,685 shares during the period. BancorpSouth Bank purchased a new stake in shares of Murphy Oil during the fourth quarter valued at $130,904,000. Bank of New York Mellon Corp boosted its stake in shares of Murphy Oil by 19.5% during the third quarter. Bank of New York Mellon Corp now owns 3,326,099 shares of the oil and gas producer’s stock valued at $88,342,000 after purchasing an additional 541,618 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Murphy Oil by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 1,475,358 shares of the oil and gas producer’s stock valued at $45,809,000 after purchasing an additional 102,446 shares during the period. 99.43% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on MUR. Credit Suisse Group began coverage on shares of Murphy Oil in a research note on Monday, December 11th. They set a “neutral” rating and a $30.00 target price for the company. Barclays upped their price objective on shares of Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. ValuEngine lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Morgan Stanley upped their price objective on shares of 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 given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $31.54.
Shares of Murphy Oil Co. (NYSE:MUR) opened at $25.31 on Monday. Murphy Oil Co. has a one year low of $22.21 and a one year high of $35.16. The firm has a market cap of $4,367.82, a PE ratio of -14.06 and a beta of 2.39. The company has a quick ratio of 1.52, a current ratio of 1.64 and a debt-to-equity ratio of 0.63.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to analyst estimates of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. analysts anticipate that Murphy Oil Co. will post 0.85 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Friday, February 16th. Murphy Oil’s payout ratio is -55.56%.
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.
Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.