TIAA CREF Investment Management LLC trimmed its position in Murphy Oil Co. (NYSE:MUR) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,954 shares of the oil and gas producer’s stock after selling 67,080 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Murphy Oil were worth $7,575,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. NuWave Investment Management LLC purchased a new position in Murphy Oil during the 4th quarter valued at $125,000. Acadian Asset Management LLC purchased a new position in Murphy Oil during the 4th quarter valued at $197,000. Advisor Group Inc. increased its position in Murphy Oil by 50.5% during the 4th quarter. Advisor Group Inc. now owns 7,008 shares of the oil and gas producer’s stock valued at $218,000 after purchasing an additional 2,351 shares during the period. Gofen & Glossberg LLC IL purchased a new position in Murphy Oil during the 4th quarter valued at $220,000. Finally, Signition LP purchased a new position in Murphy Oil during the 4th quarter valued at $226,000. 96.97% of the stock is currently owned by institutional investors.
In other news, insider Eugene T. Coleman sold 33,435 shares of the business’s 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 sale, the insider now owns 57,246 shares in the company, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.89% of the company’s stock.
Shares of MUR stock opened at $28.40 on Friday. Murphy Oil Co. has a 12 month low of $22.21 and a 12 month high of $35.16. The firm has a market cap of $4,861.38, a PE ratio of -218.46 and a beta of 2.32. The company has a current ratio of 1.64, a quick ratio of 1.52 and a debt-to-equity ratio of 0.63.
Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. The firm had revenue of $541.58 million for the quarter, compared to analysts’ expectations of $552.54 million. During the same quarter in the previous year, the business posted ($0.16) EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. analysts expect that Murphy Oil Co. will post 0.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, May 11th. Murphy Oil’s dividend payout ratio (DPR) is presently -769.23%.
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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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