Van Den Berg Management I Inc. boosted its position in shares of Murphy Oil Co. (NYSE:MUR) by 5.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,645 shares of the oil and gas producer’s stock after acquiring an additional 9,345 shares during the period. Van Den Berg Management I Inc. owned about 0.11% of Murphy Oil worth $5,702,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec grew its holdings in Murphy Oil by 11.0% during 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 acquiring an additional 3,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings 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 worth $2,641,000 after acquiring an additional 50,000 shares in the last quarter. Magnetar Financial LLC acquired a new position in Murphy Oil during the 3rd quarter worth approximately $2,163,000. Teacher Retirement System of Texas acquired a new position in Murphy Oil during the 3rd quarter worth approximately $3,405,000. Finally, Shelton Capital Management acquired a new position in Murphy Oil during the 3rd quarter worth approximately $251,000. Institutional investors own 99.43% of the company’s stock.
Several research analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Murphy Oil in a report on Monday, December 11th. They set a “neutral” rating and a $30.00 price target for the company. Barclays boosted their price target on shares of Murphy Oil from $29.00 to $34.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Finally, Morgan Stanley upped their target price on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.54.
Murphy Oil (NYSE:MUR) last issued 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 business had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. During the same quarter in the prior year, the business posted ($0.16) EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. analysts expect that Murphy Oil Co. will post 0.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Tuesday, February 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Friday, February 16th. Murphy Oil’s dividend payout ratio is currently -55.56%.
In related news, insider Eugene T. Coleman sold 33,435 shares of the 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 sale, the insider now owns 57,246 shares in the company, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.89% of the stock is owned by corporate 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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