Cubist Systematic Strategies LLC Has $269,000 Position in Murphy Oil Co. (MUR)

Cubist Systematic Strategies LLC cut its position in shares of Murphy Oil Co. (NYSE:MUR) by 74.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,136 shares of the oil and gas producer’s stock after selling 28,845 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Murphy Oil were worth $269,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Murphy Oil by 8.0% in the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 301 shares during the period. Murphy Pohlad Asset Management LLC bought a new stake in Murphy Oil in the third quarter worth about $216,000. Commerzbank Aktiengesellschaft FI bought a new stake in Murphy Oil in the third quarter worth about $230,000. HighTower Advisors LLC bought a new stake in Murphy Oil in the second quarter worth about $236,000. Finally, Commerce Bank bought a new stake in Murphy Oil in the second quarter worth about $266,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Credit Suisse Group assumed coverage on shares of Murphy Oil in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Finally, Cowen reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Murphy Oil in a research report on Sunday, September 17th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.91.

In other news, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Madison Murphy sold 6,325 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The disclosure for this sale can be found here. In the last three months, insiders bought 76,500 shares of company stock worth $17,850. Insiders own 6.89% of the company’s stock.

Shares of Murphy Oil Co. (NYSE MUR) opened at $33.05 on Monday. Murphy Oil Co. has a 12-month low of $22.21 and a 12-month high of $33.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.60. The stock has a market cap of $5,703.54, a P/E ratio of -64.80 and a beta of 2.24.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. sell-side analysts expect that Murphy Oil Co. will post -0.23 EPS for the current year.

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

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