Russell Investments Group Ltd. trimmed its position in Murphy Oil Co. (NYSE:MUR) by 90.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,658 shares of the oil and gas producer’s stock after selling 42,826 shares during the period. Russell Investments Group Ltd.’s holdings in Murphy Oil were worth $103,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. United Asset Strategies Inc. lifted its holdings in Murphy Oil by 3.8% in the 2nd quarter. United Asset Strategies Inc. now owns 18,599 shares of the oil and gas producer’s stock valued at $458,000 after acquiring an additional 675 shares during the last quarter. Robinson Value Management Ltd. acquired a new stake in Murphy Oil during the second quarter valued at approximately $1,788,000. Morgan Stanley boosted its holdings in Murphy Oil by 9.0% during the second quarter. Morgan Stanley now owns 60,075 shares of the oil and gas producer’s stock worth $1,482,000 after buying an additional 4,979 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Murphy Oil by 14.0% during the third quarter. California Public Employees Retirement System now owns 303,706 shares of the oil and gas producer’s stock worth $6,715,000 after buying an additional 37,332 shares in the last quarter. Finally, Sawtooth Solutions LLC boosted its holdings in Murphy Oil by 133.1% during the second quarter. Sawtooth Solutions LLC now owns 28,459 shares of the oil and gas producer’s stock worth $702,000 after buying an additional 16,252 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Thomas J. Mireles sold 1,368 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $24.64, for a total value of $33,707.52. Following the completion of the sale, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $492,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.46% of the stock is owned by corporate insiders.

Several research firms have issued reports on MUR. Credit Suisse Group dropped their price target on Murphy Oil from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Scotiabank lowered Murphy Oil from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, November 12th. Wells Fargo & Co reduced their target price on Murphy Oil from $28.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, September 6th. BMO Capital Markets began coverage on Murphy Oil in a research report on Monday, September 30th. They issued an “outperform” rating and a $27.00 price target for the company. Finally, UBS Group reduced their price objective on shares of Murphy Oil from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.47.

Shares of MUR stock opened at $23.77 on Friday. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 18.87 and a beta of 2.09. Murphy Oil Co. has a 1-year low of $17.04 and a 1-year high of $31.40. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $22.35.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.14. Murphy Oil had a return on equity of 3.21% and a net margin of 47.16%. The firm had revenue of $817.08 million during the quarter, compared to the consensus estimate of $701.64 million. During the same period in the prior year, the business earned ($0.02) EPS. The business’s revenue for the quarter was up 66.6% on a year-over-year basis. On average, sell-side analysts predict that Murphy Oil Co. will post 1.06 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. Murphy Oil’s dividend payout ratio is 79.37%.

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.

See Also: Equal Weight Rating

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

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