Highland Capital Management LLC reduced its stake in shares of Murphy Oil Co. (NYSE:MUR) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,862 shares of the oil and gas producer’s stock after selling 830 shares during the quarter. Highland Capital Management LLC’s holdings in Murphy Oil were worth $1,871,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also modified their holdings of MUR. Alpha Windward LLC grew its position in shares of Murphy Oil by 5.3% in the 1st quarter. Alpha Windward LLC now owns 16,609 shares of the oil and gas producer’s stock valued at $487,000 after purchasing an additional 840 shares during the period. Retirement Systems of Alabama grew its position in shares of Murphy Oil by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 211,759 shares of the oil and gas producer’s stock valued at $6,205,000 after purchasing an additional 844 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Murphy Oil by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 43,600 shares of the oil and gas producer’s stock valued at $1,277,000 after purchasing an additional 400 shares during the period. Cascade Investment Advisors Inc. grew its position in shares of Murphy Oil by 2.7% in the 1st quarter. Cascade Investment Advisors Inc. now owns 33,820 shares of the oil and gas producer’s stock valued at $991,000 after purchasing an additional 900 shares during the period. Finally, W.E. Donoghue & Co. LLC acquired a new position in shares of Murphy Oil in the 1st quarter valued at approximately $995,000. 87.56% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on MUR shares. Barclays reiterated a “hold” rating and issued a $32.00 price objective on shares of Murphy Oil in a research report on Friday, January 11th. Morgan Stanley set a $19.00 price target on Murphy Oil and gave the stock a “sell” rating in a research report on Tuesday, January 29th. ValuEngine raised Murphy Oil from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. TheStreet raised Murphy Oil from a “c+” rating to a “b” rating in a report on Friday, February 1st. Finally, Credit Suisse Group set a $31.00 price objective on Murphy Oil and gave the company a “hold” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Murphy Oil currently has a consensus rating of “Hold” and an average target price of $34.46.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Thursday, May 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Murphy Oil had a return on equity of 4.10% and a net margin of 10.99%. The firm had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $557.15 million. During the same quarter last year, the business earned $0.23 EPS. The company’s quarterly revenue was up 57.3% compared to the same quarter last year. Research analysts expect that Murphy Oil Co. will post 1.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, May 17th. Murphy Oil’s payout ratio is currently 79.37%.
In related news, VP John B. Gardner sold 8,364 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $28.94, for a total value of $242,054.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas J. Mireles sold 7,400 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $27.60, for a total value of $204,240.00. Following the completion of the sale, the insider now directly owns 21,368 shares in the company, valued at $589,756.80. The disclosure for this sale can be found here. 6.46% of the stock is currently owned by company 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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