Steward Partners Investment Advisory LLC acquired a new position in shares of Murphy Oil Co. (NYSE:MUR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,769 shares of the oil and gas producer’s stock, valued at approximately $578,000.
A number of other institutional investors also recently bought and sold shares of MUR. Delphi Management Inc. MA boosted its stake in Murphy Oil by 3.5% in the 3rd quarter. Delphi Management Inc. MA now owns 72,014 shares of the oil and gas producer’s stock worth $1,913,000 after buying an additional 2,428 shares during the last quarter. Robinson Value Management Ltd. acquired a new stake in Murphy Oil in the 3rd quarter worth about $2,011,000. Ameritas Investment Partners Inc. boosted its stake in Murphy Oil by 1,151.4% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 48,415 shares of the oil and gas producer’s stock worth $1,097,000 after buying an additional 44,546 shares during the last quarter. Kalos Management Inc. boosted its stake in Murphy Oil by 4.7% in the 3rd quarter. Kalos Management Inc. now owns 82,914 shares of the oil and gas producer’s stock worth $2,202,000 after buying an additional 3,742 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Murphy Oil by 34.6% in the 3rd quarter. Janus Henderson Group PLC now owns 48,860 shares of the oil and gas producer’s stock worth $1,298,000 after buying an additional 12,553 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
A number of analysts have issued reports on the company. Credit Suisse Group assumed coverage on Murphy Oil in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Morgan Stanley raised their price target on Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Zacks Investment Research lowered Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Cowen reissued a “hold” rating and issued a $30.00 price target on shares of Murphy Oil in a research note on Sunday, September 17th. Finally, ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.91.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. Murphy Oil had a negative return on equity of 1.25% and a negative net margin of 4.15%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) EPS. sell-side analysts anticipate that Murphy Oil Co. will post -0.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, November 10th. Murphy Oil’s dividend payout ratio is currently -196.08%.
In other news, Director Robert Madison Murphy sold 6,325 shares of Murphy Oil stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.55, for a total value of $180,578.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP John B. Gardner sold 3,783 shares of Murphy Oil stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. Insiders bought a total of 76,500 shares of company stock worth $17,850 over the last ninety days. Corporate insiders own 6.89% of the company’s stock.
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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