Mason Street Advisors LLC raised its holdings in shares of Murphy Oil Co. (NYSE:MUR) by 1.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 86,505 shares of the oil and gas producer’s stock after acquiring an additional 1,297 shares during the quarter. Mason Street Advisors LLC’s holdings in Murphy Oil were worth $2,535,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in MUR. First Mercantile Trust Co. lifted its position in Murphy Oil by 109.2% during the fourth quarter. First Mercantile Trust Co. now owns 1,360 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 710 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Murphy Oil by 632.3% during the first quarter. Quadrant Capital Group LLC now owns 2,065 shares of the oil and gas producer’s stock valued at $58,000 after buying an additional 1,783 shares in the last quarter. Enlightenment Research LLC acquired a new position in Murphy Oil during the fourth quarter valued at approximately $61,000. Oregon Public Employees Retirement Fund lifted its position in Murphy Oil by 2,265.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,513,637 shares of the oil and gas producer’s stock valued at $65,000 after buying an additional 1,449,640 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in Murphy Oil during the fourth quarter valued at approximately $117,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP John B. Gardner sold 8,364 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $28.94, for a total transaction of $242,054.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas J. Mireles sold 7,400 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $27.60, for a total transaction of $204,240.00. Following the transaction, the insider now directly owns 21,368 shares in the company, valued at $589,756.80. The disclosure for this sale can be found here. Insiders own 6.46% of the company’s stock.
Murphy Oil (NYSE:MUR) last posted its earnings results on Thursday, May 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Murphy Oil had a net margin of 10.99% and a return on equity of 4.10%. The business had revenue of $591.00 million for the quarter, compared to analysts’ expectations of $557.15 million. During the same period in the previous year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 57.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Murphy Oil Co. will post 1.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.64%. Murphy Oil’s payout ratio is currently 79.37%.
A number of research analysts have weighed in on the stock. Morgan Stanley set a $27.00 price target on shares of Murphy Oil and gave the company a “sell” rating in a research report on Thursday, May 16th. ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, April 16th. Goldman Sachs Group raised shares of Murphy Oil from a “sell” rating to a “neutral” rating and lifted their price target for the company from $29.00 to $31.50 in a research report on Friday, April 12th. Finally, Credit Suisse Group set a $31.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research report on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.96.
About Murphy Oil
Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.
Featured Article: FAANG Stocks
Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Co. (NYSE:MUR).
Receive News & Ratings for Murphy Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil and related companies with MarketBeat.com's FREE daily email newsletter.