MetLife Investment Advisors LLC reduced its holdings in Murphy Oil Co. (NYSE:MUR) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,194 shares of the oil and gas producer’s stock after selling 396 shares during the quarter. MetLife Investment Advisors LLC owned 0.06% of Murphy Oil worth $2,320,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. increased its stake in Murphy Oil by 109.2% in the 4th quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 710 shares during the period. Enlightenment Research LLC bought a new stake in Murphy Oil in the fourth quarter worth approximately $61,000. Murphy Pohlad Asset Management LLC bought a new stake in Murphy Oil in the fourth quarter worth approximately $117,000. Oppenheimer Asset Management Inc. bought a new stake in Murphy Oil in the fourth quarter worth approximately $119,000. Finally, HRT Financial LLC bought a new stake in Murphy Oil in the third quarter worth approximately $229,000. Institutional investors and hedge funds own 87.50% of the company’s stock.
Several analysts have commented on MUR shares. Morgan Stanley set a $23.00 target price on shares of Murphy Oil and gave the stock a “sell” rating in a research report on Friday, March 22nd. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Barclays reaffirmed a “hold” rating and set a $32.00 price objective on shares of Murphy Oil in a report on Friday, January 11th. TheStreet raised shares of Murphy Oil from a “c+” rating to a “b” rating in a report on Friday, February 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $29.00 price objective on shares of Murphy Oil in a report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.46.
Murphy Oil (NYSE:MUR) last announced its earnings results on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $692.01 million during the quarter, compared to analysts’ expectations of $668.85 million. Murphy Oil had a net margin of 15.99% and a return on equity of 4.51%. During the same quarter last year, the company posted $0.08 EPS. On average, equities analysts anticipate that Murphy Oil Co. will post 1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, May 17th. Murphy Oil’s dividend payout ratio is currently 79.37%.
In other Murphy Oil news, VP John B. Gardner sold 8,364 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $28.94, for a total transaction of $242,054.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 6.46% of the stock is owned by corporate insiders.
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Murphy Oil Company Profile
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
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