Murphy Oil Co. (MUR) Insider Sells $965,602.80 in Stock

Murphy Oil Co. (NYSE:MUR) insider Eugene T. Coleman sold 33,435 shares of Murphy Oil stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.88, for a total value of $965,602.80. Following the completion of the sale, the insider now directly owns 57,246 shares in the company, valued at approximately $1,653,264.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Murphy Oil Co. (NYSE MUR) opened at $28.28 on Thursday. The firm has a market capitalization of $4,880.00, a PE ratio of -15.71 and a beta of 2.30. The company has a quick ratio of 1.60, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. Murphy Oil Co. has a 1-year low of $22.21 and a 1-year high of $35.16.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million during the quarter, compared to analysts’ expectations of $552.54 million. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. Murphy Oil’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) EPS. sell-side analysts expect that Murphy Oil Co. will post 0.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Tuesday, February 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. Murphy Oil’s payout ratio is -55.56%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NuWave Investment Management LLC bought a new position in shares of Murphy Oil in the 4th quarter valued at about $125,000. Price Capital Management Inc. bought a new position in Murphy Oil during the fourth quarter worth about $1,160,000. Meeder Asset Management Inc. bought a new position in Murphy Oil during the fourth quarter worth about $1,088,000. Aperio Group LLC grew its holdings in Murphy Oil by 1.7% during the fourth quarter. Aperio Group LLC now owns 127,553 shares of the oil and gas producer’s stock worth $3,961,000 after purchasing an additional 2,103 shares during the period. Finally, Comerica Bank grew its holdings in Murphy Oil by 5.9% during the fourth quarter. Comerica Bank now owns 476,572 shares of the oil and gas producer’s stock worth $16,570,000 after purchasing an additional 26,514 shares during the period. Institutional investors own 96.96% of the company’s stock.

Several research firms have issued reports on MUR. Morgan Stanley lifted their price target on Murphy Oil from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Wednesday, October 18th. Credit Suisse Group began coverage on Murphy Oil in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Zacks Investment Research downgraded Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Barclays lifted their price target on Murphy Oil from $29.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Finally, ValuEngine downgraded Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.83.

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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.

Insider Buying and Selling by Quarter for Murphy Oil (NYSE:MUR)

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