Css LLC Il Sells 34,312 Shares of Murphy Oil Co. (NYSE:MUR)

Css LLC Il cut its holdings in Murphy Oil Co. (NYSE:MUR - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,339 shares of the oil and gas producer's stock after selling 34,312 shares during the quarter. Css LLC Il owned approximately 0.07% of Murphy Oil worth $2,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MUR. Huntington National Bank increased its position in Murphy Oil by 342.8% in the 4th quarter. Huntington National Bank now owns 828 shares of the oil and gas producer's stock valued at $25,000 after acquiring an additional 641 shares in the last quarter. GeoWealth Management LLC bought a new stake in shares of Murphy Oil during the fourth quarter valued at approximately $39,000. Lindbrook Capital LLC increased its holdings in shares of Murphy Oil by 60.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,441 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 543 shares in the last quarter. Headlands Technologies LLC raised its position in Murphy Oil by 32.9% in the 4th quarter. Headlands Technologies LLC now owns 1,903 shares of the oil and gas producer's stock worth $58,000 after purchasing an additional 471 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Murphy Oil by 32.9% during the 4th quarter. Jones Financial Companies Lllp now owns 2,284 shares of the oil and gas producer's stock worth $69,000 after buying an additional 565 shares in the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil Price Performance

Shares of MUR stock opened at $21.61 on Wednesday. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 8.03 and a beta of 1.10. Murphy Oil Co. has a 12-month low of $18.95 and a 12-month high of $43.44. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $23.18 and a 200-day moving average of $27.49.

Murphy Oil (NYSE:MUR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. The firm had revenue of $665.71 million during the quarter, compared to analysts' expectations of $684.89 million. Murphy Oil had a return on equity of 7.66% and a net margin of 13.44%. The company's revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that Murphy Oil Co. will post 2.94 earnings per share for the current year.

Murphy Oil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 16th will be paid a dividend of $0.325 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.30 dividend on an annualized basis and a yield of 6.02%. Murphy Oil's payout ratio is 50.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. KeyCorp restated a "sector weight" rating on shares of Murphy Oil in a research report on Monday, April 21st. Wells Fargo & Company dropped their price objective on Murphy Oil from $31.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Mizuho lowered shares of Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $32.00 to $31.00 in a research note on Tuesday, May 13th. Roth Capital downgraded shares of Murphy Oil from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $27.00 to $25.00 in a research note on Thursday, May 15th. Finally, Scotiabank cut their price objective on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $29.31.

Murphy Oil Company 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.

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