Murphy Oil Co. (MUR) Director Claiborne P. Deming Buys 10,000 Shares

Murphy Oil Co. (NYSE:MUR) Director Claiborne P. Deming acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average price of $31.60 per share, with a total value of $316,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE MUR opened at $31.65 on Tuesday. Murphy Oil Co. has a 52 week low of $24.39 and a 52 week high of $36.53. The company has a quick ratio of 1.47, a current ratio of 1.58 and a debt-to-equity ratio of 0.61. The company has a market cap of $5.42 billion, a P/E ratio of -243.46 and a beta of 2.11.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). Murphy Oil had a net margin of 0.86% and a return on equity of 3.77%. The company had revenue of $674.80 million for the quarter, compared to analyst estimates of $633.20 million. During the same period last year, the company posted ($0.38) earnings per share. The business’s revenue for the quarter was up 35.4% on a year-over-year basis. As a group, equities research analysts anticipate that Murphy Oil Co. will post 1.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 annualized dividend and a yield of 3.16%. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.

A number of hedge funds and other institutional investors have recently modified their holdings of MUR. Capital International Investors acquired a new position in Murphy Oil during the third quarter valued at approximately $430,075,000. FMR LLC boosted its position in Murphy Oil by 7.2% during the second quarter. FMR LLC now owns 15,868,414 shares of the oil and gas producer’s stock valued at $535,876,000 after purchasing an additional 1,065,018 shares during the last quarter. Marshall Wace LLP boosted its position in Murphy Oil by 5,302.0% during the second quarter. Marshall Wace LLP now owns 824,190 shares of the oil and gas producer’s stock valued at $27,833,000 after purchasing an additional 808,933 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Murphy Oil by 11.7% during the third quarter. Wedge Capital Management L L P NC now owns 5,310,331 shares of the oil and gas producer’s stock valued at $177,046,000 after purchasing an additional 554,530 shares during the last quarter. Finally, Aristotle Atlantic Partners LLC boosted its position in Murphy Oil by 2,028.0% during the second quarter. Aristotle Atlantic Partners LLC now owns 548,637 shares of the oil and gas producer’s stock valued at $18,526,000 after purchasing an additional 522,855 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the company. Credit Suisse Group increased their price objective on Murphy Oil from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 11th. Zacks Investment Research downgraded Murphy Oil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 17th. Wells Fargo & Co decreased their price objective on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating for the company in a report on Friday, August 10th. Morgan Stanley decreased their price objective on Murphy Oil from $26.00 to $24.00 and set a “sell” rating for the company in a report on Thursday, August 16th. Finally, Mizuho upgraded Murphy Oil from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.00.

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Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. 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. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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