State Treasurer State of Michigan trimmed its holdings in Murphy Oil Co. (NYSE:MUR) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,300 shares of the oil and gas producer’s stock after selling 2,700 shares during the period. State Treasurer State of Michigan’s holdings in Murphy Oil were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MUR. Ameriprise Financial Inc. raised its position in shares of Murphy Oil by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 208,117 shares of the oil and gas producer’s stock valued at $5,333,000 after buying an additional 5,962 shares in the last quarter. Advisor Group Inc. raised its position in shares of Murphy Oil by 8.0% in the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 301 shares in the last quarter. Balyasny Asset Management LLC raised its position in shares of Murphy Oil by 160.5% in the second quarter. Balyasny Asset Management LLC now owns 28,136 shares of the oil and gas producer’s stock valued at $721,000 after buying an additional 17,336 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Murphy Oil in the second quarter valued at approximately $236,000. Finally, Janus Henderson Group PLC raised its position in shares of Murphy Oil by 23.0% in the second quarter. Janus Henderson Group PLC now owns 36,307 shares of the oil and gas producer’s stock valued at $930,000 after buying an additional 6,779 shares in the last quarter. Institutional investors own 96.23% of the company’s stock.

A number of equities research analysts have recently weighed in on MUR shares. Stephens set a $37.00 price target on shares of Murphy Oil and gave the company a “buy” rating in a research report on Monday, January 22nd. Cowen set a $34.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Friday, October 27th. Morgan Stanley lifted their price objective on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Finally, ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $31.83.

In other Murphy Oil news, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eugene T. Coleman sold 33,435 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $28.88, for a total transaction of $965,602.80. Following the sale, the insider now directly owns 57,246 shares in the company, valued at approximately $1,653,264.48. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

Murphy Oil Co. (NYSE:MUR) opened at $26.24 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.64 and a quick ratio of 1.60. Murphy Oil Co. has a one year low of $22.21 and a one year high of $35.16.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. Murphy Oil’s payout ratio is presently -55.56%.

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Murphy Oil Company Profile

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.

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

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