Algert Global LLC Has $3.38 Million Stock Position in Murphy Oil Co. (NYSE:MUR)

Algert Global LLC cut its holdings in Murphy Oil Co. (NYSE:MUR) by 44.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,253 shares of the oil and gas producer’s stock after selling 80,770 shares during the quarter. Algert Global LLC owned approximately 0.07% of Murphy Oil worth $3,383,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Covestor Ltd grew its holdings in shares of Murphy Oil by 266.8% during the 3rd quarter. Covestor Ltd now owns 741 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 539 shares during the last quarter. Mather Group LLC. grew its stake in shares of Murphy Oil by 1,015.7% during the second quarter. Mather Group LLC. now owns 569 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 518 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Murphy Oil during the third quarter worth $27,000. Compass Wealth Management LLC bought a new position in shares of Murphy Oil in the 3rd quarter valued at $42,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of Murphy Oil by 106.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,470 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 758 shares in the last quarter. Institutional investors own 78.31% of the company’s stock.

Murphy Oil Trading Down 0.8 %

NYSE:MUR opened at $33.12 on Tuesday. Murphy Oil Co. has a one year low of $30.99 and a one year high of $49.14. The company has a market cap of $4.83 billion, a PE ratio of 10.68 and a beta of 2.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. The firm has a 50-day moving average of $33.60 and a 200-day moving average of $37.41.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Thursday, November 7th. The oil and gas producer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.02). The company had revenue of $758.33 million during the quarter, compared to analysts’ expectations of $759.74 million. Murphy Oil had a return on equity of 9.22% and a net margin of 14.78%. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the company earned $1.59 earnings per share. As a group, equities research analysts expect that Murphy Oil Co. will post 3.23 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Monday, November 18th. Murphy Oil’s dividend payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

MUR has been the subject of a number of recent research reports. Barclays decreased their price objective on Murphy Oil from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. The Goldman Sachs Group lowered their price objective on Murphy Oil from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. BMO Capital Markets cut their target price on Murphy Oil from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Mizuho decreased their target price on Murphy Oil from $59.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company dropped their price target on Murphy Oil from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.92.

Murphy Oil Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, 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.