Parametric Portfolio Associates LLC lowered its stake in Murphy Oil Co. (NYSE:MUR) by 19.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 906,549 shares of the oil and gas producer’s stock after selling 224,770 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.53% of Murphy Oil worth $24,078,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Shelton Capital Management purchased a new stake in Murphy Oil in the 3rd quarter worth $251,000. Steward Partners Investment Advisory LLC purchased a new stake in Murphy Oil in the 3rd quarter worth $578,000. Delphi Management Inc. MA lifted 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 purchasing an additional 2,428 shares in the last quarter. Robinson Value Management Ltd. purchased a new stake in Murphy Oil in the 3rd quarter worth $2,011,000. Finally, Ameritas Investment Partners Inc. lifted 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 purchasing an additional 44,546 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.
MUR has been the topic of a number of research reports. Cowen restated a “hold” rating and issued a $30.00 target price on shares of Murphy Oil in a report on Sunday, September 17th. Credit Suisse Group initiated coverage on shares of Murphy Oil in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Zacks Investment Research downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Morgan Stanley boosted their target price on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. 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 stock. The company currently has an average rating of “Hold” and an average price target of $29.91.
Shares of Murphy Oil Co. (NYSE:MUR) opened at $31.16 on Tuesday. Murphy Oil Co. has a fifty-two week low of $22.21 and a fifty-two week high of $33.04. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5,380.00, a PE ratio of -59.92 and a beta of 2.29.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million. During the same period in the previous year, the firm posted ($0.18) EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. research analysts anticipate that Murphy Oil Co. will post -0.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.21%. Murphy Oil’s payout ratio is -192.31%.
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Murphy Oil Company 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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