Murphy Oil Co. (MUR) Stake Lessened by Adams Asset Advisors LLC

Adams Asset Advisors LLC lowered its stake in shares of Murphy Oil Co. (NYSE:MUR) by 19.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,675 shares of the oil and gas producer’s stock after selling 21,547 shares during the period. Adams Asset Advisors LLC’s holdings in Murphy Oil were worth $2,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. raised its position in shares of Murphy Oil by 8.0% during the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 301 shares during the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Murphy Oil during the third quarter valued at approximately $216,000. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Murphy Oil during the third quarter valued at approximately $230,000. HighTower Advisors LLC bought a new stake in shares of Murphy Oil during the second quarter valued at approximately $236,000. Finally, Shelton Capital Management bought a new stake in shares of Murphy Oil during the third quarter valued at approximately $251,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Murphy Oil Co. (NYSE:MUR) traded up $0.60 during mid-day trading on Thursday, hitting $34.27. 3,107,884 shares of the company were exchanged, compared to its average volume of 2,348,448. Murphy Oil Co. has a 1 year low of $22.21 and a 1 year high of $35.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.60 and a current ratio of 1.74. The stock has a market capitalization of $5,810.00, a price-to-earnings ratio of -65.90 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, beating 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 during the quarter, compared to analyst estimates of $460.17 million. During the same period last year, the firm posted ($0.18) earnings per share. Murphy Oil’s revenue for the quarter was up 2.6% compared to the same quarter last year. research analysts anticipate that Murphy Oil Co. will post -0.23 EPS for the current fiscal year.

Several research firms have recently issued reports on MUR. Zacks Investment Research cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Credit Suisse Group started coverage on shares of Murphy Oil in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. Morgan Stanley raised their target price on shares of Murphy Oil from $23.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, October 18th. Finally, Cowen reissued a “hold” rating and issued a $30.00 target price on shares of Murphy Oil in a report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.91.

In other Murphy Oil news, VP John B. Gardner sold 3,783 shares of Murphy Oil stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Madison Murphy sold 6,325 shares of Murphy Oil stock in a transaction on Monday, November 6th. The stock was 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. Over the last three months, insiders purchased 25,500 shares of company stock valued at $5,100. 6.89% of the stock is currently owned by insiders.

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

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