Wellington Management Group LLP increased its position in Murphy Oil Co. (NYSE:MUR) by 55.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,885 shares of the oil and gas producer’s stock after buying an additional 20,645 shares during the quarter. Wellington Management Group LLP’s holdings in Murphy Oil were worth $355,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Trustmark National Bank Trust Department acquired a new stake in shares of Murphy Oil in the first quarter valued at $74,000. Deutsche Bank AG lifted its holdings in shares of Murphy Oil by 249.6% in the first quarter. Deutsche Bank AG now owns 556,987 shares of the oil and gas producer’s stock valued at $3,415,000 after buying an additional 397,678 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Murphy Oil by 3.2% in the first quarter. Alliancebernstein L.P. now owns 293,670 shares of the oil and gas producer’s stock valued at $1,800,000 after buying an additional 9,090 shares during the period. Skba Capital Management LLC lifted its holdings in shares of Murphy Oil by 16.0% in the first quarter. Skba Capital Management LLC now owns 13,800 shares of the oil and gas producer’s stock valued at $85,000 after buying an additional 1,900 shares during the period. Finally, Westpac Banking Corp lifted its holdings in shares of Murphy Oil by 46.6% in the first quarter. Westpac Banking Corp now owns 40,601 shares of the oil and gas producer’s stock valued at $249,000 after buying an additional 12,900 shares during the period. Institutional investors and hedge funds own 97.26% of the company’s stock.
Several brokerages have recently weighed in on MUR. Mizuho upgraded Murphy Oil from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $8.00 to $16.00 in a report on Friday, June 19th. ValuEngine raised Murphy Oil from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Co lowered Murphy Oil from an “overweight” rating to an “equal weight” rating and set a $10.00 target price on the stock. in a research report on Friday, May 8th. Goldman Sachs Group lowered Murphy Oil from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $13.50 to $14.50 in a research report on Monday, June 22nd. Finally, UBS Group boosted their target price on Murphy Oil from $5.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.75.
In other Murphy Oil news, VP Christopher D. Hulse sold 4,447 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $17.12, for a total value of $76,132.64. Following the transaction, the vice president now directly owns 9,179 shares of the company’s stock, valued at approximately $157,144.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Christopher D. Hulse sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $15.67, for a total value of $78,350.00. Corporate insiders own 6.59% of the company’s stock.
NYSE:MUR opened at $13.80 on Wednesday. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 3.33 and a beta of 3.25. Murphy Oil Co. has a 1-year low of $4.50 and a 1-year high of $28.12. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average price is $13.58 and its 200 day moving average price is $16.28.
Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.30) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.15. Murphy Oil had a return on equity of 1.30% and a net margin of 21.89%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $600.87 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 59.2% compared to the same quarter last year. Equities analysts forecast that Murphy Oil Co. will post -2.45 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.62%. The ex-dividend date was Friday, May 15th. Murphy Oil’s payout ratio is currently 57.47%.
Murphy Oil Profile
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.
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