Legal & General Group Plc Trims Stake in Murphy Oil Co. (MUR)

Legal & General Group Plc lessened its stake in shares of Murphy Oil Co. (NYSE:MUR) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 712,163 shares of the oil and gas producer’s stock after selling 32,098 shares during the period. Legal & General Group Plc owned about 0.41% of Murphy Oil worth $16,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its position in shares of Murphy Oil by 109.2% in the fourth quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 710 shares during the period. Enlightenment Research LLC bought a new position in shares of Murphy Oil in the fourth quarter valued at approximately $61,000. Oregon Public Employees Retirement Fund boosted its position in shares of Murphy Oil by 2,265.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock valued at $65,000 after acquiring an additional 1,449,640 shares during the period. Murphy Pohlad Asset Management LLC bought a new stake in Murphy Oil during the fourth quarter valued at approximately $117,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Murphy Oil during the fourth quarter valued at approximately $119,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Shares of NYSE MUR traded down $0.82 during mid-day trading on Friday, hitting $27.65. The stock had a trading volume of 2,008,172 shares, compared to its average volume of 1,961,041. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 0.62. Murphy Oil Co. has a 1 year low of $21.51 and a 1 year high of $36.53. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 21.94 and a beta of 2.21.

Murphy Oil (NYSE:MUR) last issued its earnings results on Thursday, January 31st. The oil and gas producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. Murphy Oil had a net margin of 15.99% and a return on equity of 4.51%. The company had revenue of $692.01 million for the quarter, compared to the consensus estimate of $668.85 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Equities research 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, May 17th. Murphy Oil’s payout ratio is currently 79.37%.

MUR has been the subject of several research analyst reports. Morgan Stanley set a $23.00 target price on shares of Murphy Oil and gave the company a “sell” rating in a research report on Friday, March 22nd. ValuEngine upgraded shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Barclays reiterated a “hold” rating and set a $32.00 target price on shares of Murphy Oil in a research report on Friday, January 11th. TheStreet raised shares of Murphy Oil from a “c+” rating to a “b” rating in a research note on Friday, February 1st. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $29.00 price target on shares of Murphy Oil in a research note on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.46.

In other Murphy Oil news, VP John B. Gardner sold 8,364 shares of the business’s stock in a transaction on 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 filing with the SEC, which can be accessed through this hyperlink. 6.46% of the stock is currently owned by insiders.

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Murphy Oil 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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