California State Teachers Retirement System decreased its holdings in Murphy Oil Co. (NYSE:MUR) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,693 shares of the oil and gas producer’s stock after selling 7,653 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Murphy Oil worth $7,990,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MUR. Vanguard Group Inc boosted its holdings in Murphy Oil by 4.4% in the 3rd quarter. Vanguard Group Inc now owns 16,743,205 shares of the oil and gas producer’s stock worth $558,218,000 after buying an additional 707,445 shares during the period. Bank of Montreal Can lifted its stake in Murphy Oil by 10.3% in the 4th quarter. Bank of Montreal Can now owns 105,482 shares of the oil and gas producer’s stock worth $2,467,000 after purchasing an additional 9,854 shares in the last quarter. Strs Ohio lifted its stake in Murphy Oil by 9.9% in the 4th quarter. Strs Ohio now owns 11,975 shares of the oil and gas producer’s stock worth $280,000 after purchasing an additional 1,078 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Murphy Oil by 8.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the oil and gas producer’s stock worth $249,000 after purchasing an additional 830 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Murphy Oil by 1.1% in the 4th quarter. Arizona State Retirement System now owns 116,756 shares of the oil and gas producer’s stock worth $2,731,000 after purchasing an additional 1,256 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Shares of NYSE MUR traded up $0.29 during mid-day trading on Monday, hitting $24.94. 2,724,400 shares of the company’s stock traded hands, compared to its average volume of 2,176,180. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.61 and a quick ratio of 1.56. Murphy Oil Co. has a 1 year low of $21.51 and a 1 year high of $36.53. The company has a market capitalization of $4.28 billion, a P/E ratio of 19.73 and a beta of 1.95. The business has a 50-day moving average of $25.25.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, May 17th. Murphy Oil’s dividend payout ratio (DPR) is currently 79.37%.
In related news, insider Thomas J. Mireles sold 7,400 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $27.60, for a total value of $204,240.00. Following the sale, the insider now directly owns 21,368 shares of the company’s stock, valued at approximately $589,756.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.46% of the company’s stock.
MUR has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, June 10th. TheStreet cut shares of Murphy Oil from a “b” rating to a “c” rating in a research note on Tuesday, May 14th. Stephens set a $40.00 price target on shares of Murphy Oil and gave the stock a “hold” rating in a research note on Friday, May 17th. Evercore ISI initiated coverage on shares of Murphy Oil in a research note on Thursday, May 30th. They issued an “in-line” rating and a $30.00 price target on the stock. Finally, Goldman Sachs Group upgraded shares of Murphy Oil from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $29.00 to $31.50 in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.81.
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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