Murphy Oil Co. (NYSE:MUR) Position Cut by BlackRock Inc.

BlackRock Inc. trimmed its stake in Murphy Oil Co. (NYSE:MUR) by 1.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,118,000 shares of the oil and gas producer’s stock after selling 265,409 shares during the quarter. BlackRock Inc. owned 0.10% of Murphy Oil worth $397,310,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of MUR. Caymus Capital Partners L.P. bought a new stake in Murphy Oil in the second quarter valued at $44,387,000. Nuveen Asset Management LLC bought a new stake in Murphy Oil in the second quarter valued at $13,900,000. KBC Group NV bought a new stake in Murphy Oil in the second quarter valued at $12,497,000. Carlson Capital L P bought a new stake in Murphy Oil in the second quarter valued at $4,622,000. Finally, First Trust Advisors LP lifted its stake in Murphy Oil by 64.1% in the second quarter. First Trust Advisors LP now owns 471,302 shares of the oil and gas producer’s stock valued at $11,618,000 after buying an additional 184,133 shares during the last quarter. Institutional investors own 93.25% of the company’s stock.

MUR has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Murphy Oil in a research note on Monday, September 30th. They issued an “outperform” rating and a $27.00 target price on the stock. Credit Suisse Group cut their target price on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. KeyCorp initiated coverage on Murphy Oil in a research note on Monday, September 9th. They issued an “overweight” rating and a $24.00 target price on the stock. Wells Fargo & Co cut their target price on Murphy Oil from $28.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, September 6th. Finally, Piper Jaffray Companies set a $38.00 target price on Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.47.

In related news, SVP Thomas J. Mireles sold 1,368 shares of Murphy Oil stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $24.64, for a total transaction of $33,707.52. Following the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $492,800. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 6.46% of the stock is currently owned by company insiders.

Shares of MUR opened at $23.93 on Thursday. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.99 and a beta of 2.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.14 and a current ratio of 1.23. Murphy Oil Co. has a one year low of $17.04 and a one year high of $33.21. The stock’s fifty day moving average is $21.16 and its 200-day moving average is $22.72.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.14. The company had revenue of $817.08 million for the quarter, compared to analyst estimates of $701.64 million. Murphy Oil had a return on equity of 3.21% and a net margin of 47.16%. The company’s quarterly revenue was up 66.6% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share. Analysts forecast that Murphy Oil Co. will post 1.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Murphy Oil’s dividend payout ratio (DPR) is 79.37%.

Murphy Oil Company 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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