Murphy Oil Co. (MUR) Position Lifted by Crossmark Global Holdings Inc.

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Crossmark Global Holdings Inc. increased its stake in Murphy Oil Co. (NYSE:MUR) by 23.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,987 shares of the oil and gas producer’s stock after buying an additional 4,960 shares during the period. Crossmark Global Holdings Inc.’s holdings in Murphy Oil were worth $608,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Retirement Systems of Alabama increased its stake in Murphy Oil by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 210,915 shares of the oil and gas producer’s stock worth $4,933,000 after buying an additional 702 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Murphy Oil by 8.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the oil and gas producer’s stock valued at $249,000 after purchasing an additional 830 shares during the period. Strs Ohio increased its position in Murphy Oil by 9.9% during the 4th quarter. Strs Ohio now owns 11,975 shares of the oil and gas producer’s stock valued at $280,000 after purchasing an additional 1,078 shares during the period. Arizona State Retirement System increased its position in Murphy Oil by 1.1% during the 4th quarter. Arizona State Retirement System now owns 116,756 shares of the oil and gas producer’s stock valued at $2,731,000 after purchasing an additional 1,256 shares during the period. Finally, Dupont Capital Management Corp increased its position in Murphy Oil by 4.3% during the 3rd quarter. Dupont Capital Management Corp now owns 40,051 shares of the oil and gas producer’s stock valued at $1,335,000 after purchasing an additional 1,664 shares during the period. 87.14% of the stock is currently owned by institutional investors.

Shares of Murphy Oil stock opened at $28.24 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.47 and a debt-to-equity ratio of 0.62. Murphy Oil Co. has a 52-week low of $21.51 and a 52-week high of $36.53. The company has a market capitalization of $4.53 billion, a PE ratio of 22.41 and a beta of 2.19.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Thursday, January 31st. The oil and gas producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Murphy Oil had a net margin of 15.99% and a return on equity of 4.51%. The firm had revenue of $692.01 million for the quarter, compared to the consensus estimate of $668.85 million. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, equities research analysts expect that Murphy Oil Co. will post 0.93 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Friday, February 15th. Murphy Oil’s payout ratio is currently 79.37%.

In other news, Director Claiborne P. Deming acquired 10,000 shares of the business’s stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. Also, insider Kelli M. Hammock sold 2,595 shares of Murphy Oil stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $31.56, for a total transaction of $81,898.20. The disclosure for this sale can be found here. 6.59% of the stock is owned by insiders.

A number of research analysts have commented on MUR shares. Mizuho raised shares of Murphy Oil from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a research report on Friday, October 19th. Morgan Stanley set a $19.00 target price on shares of Murphy Oil and gave the company a “sell” rating in a research report on Tuesday, January 29th. Barclays reissued a “hold” rating and set a $32.00 target price on shares of Murphy Oil in a research report on Friday, January 11th. Wolfe Research raised shares of Murphy Oil from an “underperform” rating to a “market perform” rating in a research report on Monday, December 10th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $43.00 target price on shares of Murphy Oil in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.33.

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

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