Murphy Oil Corporation (MUR) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. increased its holdings in shares of Murphy Oil Corporation (NYSE:MUR) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,800 shares of the oil and gas producer’s stock after buying an additional 2,200 shares during the quarter. Macquarie Group Ltd.’s holdings in Murphy Oil were worth $1,056,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of MUR. Advisor Group Inc. increased its holdings in Murphy Oil by 8.0% during the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after purchasing an additional 301 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Murphy Oil by 24.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after purchasing an additional 960 shares in the last quarter. ING Groep NV increased its holdings in Murphy Oil by 0.5% during the 2nd quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock worth $213,000 after purchasing an additional 39 shares in the last quarter. Murphy Pohlad Asset Management LLC bought a new position in Murphy Oil during the 3rd quarter worth about $216,000. Finally, Advisor Partners LLC increased its holdings in Murphy Oil by 6.9% during the 2nd quarter. Advisor Partners LLC now owns 9,081 shares of the oil and gas producer’s stock worth $233,000 after purchasing an additional 590 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Murphy Oil Corporation (NYSE:MUR) traded up $0.34 during midday trading on Friday, hitting $28.44. The stock had a trading volume of 1,420,000 shares, compared to its average volume of 2,577,523. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.60. Murphy Oil Corporation has a 12 month low of $22.21 and a 12 month high of $34.90.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.11. Murphy Oil had a negative return on equity of 1.25% and a negative net margin of 4.15%. The business had revenue of $498.31 million during the quarter, compared to analysts’ expectations of $460.17 million. During the same quarter last year, the company posted ($0.18) earnings per share. Murphy Oil’s quarterly revenue was up 2.6% on a year-over-year basis. sell-side analysts forecast that Murphy Oil Corporation will post -0.2 EPS for the current fiscal year.
The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Friday, November 10th. Murphy Oil’s payout ratio is currently -196.08%.
A number of research firms have issued reports on MUR. BidaskClub cut Murphy Oil from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Morgan Stanley increased their target price on Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Friday, October 27th. Finally, Cowen restated a “hold” rating and issued a $30.00 price objective on shares of Murphy Oil in a report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.27.
In other Murphy Oil news, VP John B. Gardner sold 3,783 shares of the firm’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 transaction of $105,318.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction that occurred 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. Insiders have purchased 76,500 shares of company stock valued at $17,850 in the last quarter. 6.89% of the stock is currently owned by corporate insiders.
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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