Shelton Capital Management Invests $251,000 in Murphy Oil Co. (MUR)
Shelton Capital Management purchased a new position in Murphy Oil Co. (NYSE:MUR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,437 shares of the oil and gas producer’s stock, valued at approximately $251,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Utah Retirement Systems raised its holdings in shares of Murphy Oil by 0.3% in the second quarter. Utah Retirement Systems now owns 29,842 shares of the oil and gas producer’s stock worth $765,000 after buying an additional 100 shares during the last quarter. Sentry Investment Management LLC increased its stake in shares of Murphy Oil by 1.0% in the second quarter. Sentry Investment Management LLC now owns 12,549 shares of the oil and gas producer’s stock worth $322,000 after acquiring an additional 127 shares during the period. Advisor Group Inc. increased its stake in shares of 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. M&T Bank Corp increased its stake in shares of Murphy Oil by 2.7% in the second quarter. M&T Bank Corp now owns 17,960 shares of the oil and gas producer’s stock worth $460,000 after acquiring an additional 474 shares during the period. Finally, Earnest Partners LLC increased its stake in shares of Murphy Oil by 1.0% in the second quarter. Earnest Partners LLC now owns 57,686 shares of the oil and gas producer’s stock worth $1,478,000 after acquiring an additional 563 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.
In other news, VP John B. Gardner sold 3,783 shares of Murphy Oil stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Madison Murphy sold 6,325 shares of Murphy Oil stock in a transaction dated 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 90 days, insiders have purchased 76,500 shares of company stock worth $17,850. 6.89% of the stock is owned by company insiders.
Shares of Murphy Oil Co. (NYSE MUR) opened at $27.93 on Friday. 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 Co. has a 52-week low of $22.21 and a 52-week high of $33.61.
Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. The company had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) earnings per share. equities analysts forecast 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.58%. Murphy Oil’s dividend payout ratio is presently -196.08%.
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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