Murphy Oil Co. (MUR) Holdings Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Murphy Oil Co. (NYSE:MUR) by 42.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 73,760 shares of the oil and gas producer’s stock after selling 54,450 shares during the period. Teacher Retirement System of Texas’ holdings in Murphy Oil were worth $2,290,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in Murphy Oil by 8.0% in the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 301 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at $197,000. Murphy Pohlad Asset Management LLC acquired a new position in shares of Murphy Oil in the 3rd quarter valued at $216,000. Gofen & Glossberg LLC IL acquired a new position in shares of Murphy Oil in the 4th quarter valued at $220,000. Finally, Advisor Partners LLC acquired a new position in shares of Murphy Oil in the 4th quarter valued at $227,000. 97.78% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Co. (NYSE:MUR) opened at $25.18 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.60 and a debt-to-equity ratio of 0.63. Murphy Oil Co. has a 1-year low of $22.21 and a 1-year high of $35.16.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.11. The business had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS. research analysts forecast that Murphy Oil Co. will post 0.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 3.97%. Murphy Oil’s payout ratio is -55.56%.

MUR has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of Murphy Oil in a report on Monday, December 11th. They issued a “neutral” rating and a $30.00 price target on the stock. Zacks Investment Research lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Morgan Stanley lifted their price target on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Cowen set a $34.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Stephens set a $37.00 price target on shares of Murphy Oil and gave the company a “buy” rating in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.83.

In related news, insider Eugene T. Coleman sold 33,435 shares of Murphy Oil stock in a transaction on Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the transaction, the insider now owns 57,246 shares in the company, valued at approximately $1,653,264.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.89% of the company’s stock.

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About Murphy Oil

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Co. (NYSE:MUR).

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

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