Latest Stocks: Murphy Oil Co. (MUR) Shares Sold by US Bancorp DE

Latest Stocks: Murphy Oil Co. (MUR) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in shares of Murphy Oil Co. (NYSE:MUR) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,074 shares of the oil and gas producer’s stock after selling 599 shares during the period. US Bancorp DE’s holdings in Murphy Oil were worth $2,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Horrell Capital Management Inc. increased its position in shares of Murphy Oil by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the oil and gas producer’s stock valued at $779,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Murphy Oil by 1.0% in the third quarter. Advantus Capital Management Inc now owns 15,788 shares of the oil and gas producer’s stock valued at $480,000 after buying an additional 156 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Murphy Oil by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 178 shares in the last quarter. Simmons Bank increased its position in shares of Murphy Oil by 0.6% in the third quarter. Simmons Bank now owns 35,762 shares of the oil and gas producer’s stock valued at $1,087,000 after buying an additional 199 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Murphy Oil by 1.7% in the first quarter. IFP Advisors Inc now owns 16,060 shares of the oil and gas producer’s stock valued at $459,000 after buying an additional 275 shares in the last quarter. 94.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Murphy Oil Co. (MUR) opened at 24.22 on Tuesday. Murphy Oil Co. has a 52-week low of $23.76 and a 52-week high of $35.19. The stock’s 50 day moving average price is $26.21 and its 200-day moving average price is $28.84. The company’s market capitalization is $4.18 billion.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. Murphy Oil had a negative return on equity of 4.54% and a negative net margin of 14.73%. The company had revenue of $544.70 million for the quarter, compared to the consensus estimate of $529.61 million. During the same quarter last year, the business earned ($0.66) EPS. Murphy Oil’s revenue was up 26.6% on a year-over-year basis. On average, analysts expect that Murphy Oil Co. will post $0.16 earnings per share for the current year. The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.13%. Murphy Oil’s dividend payout ratio (DPR) is presently -62.50%.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. Murphy Oil had a negative return on equity of 4.54% and a negative net margin of 14.73%. The company had revenue of $544.70 million for the quarter, compared to the consensus estimate of $529.61 million. During the same quarter last year, the business earned ($0.66) EPS. Murphy Oil’s revenue was up 26.6% on a year-over-year basis. On average, analysts expect that Murphy Oil Co. will post $0.16 earnings per share for the current year. MUR has been the topic of several recent analyst reports. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, March 1st. Scotiabank reaffirmed a “hold” rating and issued a $40.00 price target on shares of Murphy Oil in a research report on Tuesday, March 14th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $35.00 price target on shares of Murphy Oil in a research report on Friday, April 7th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $38.00 price target (down from $42.00) on shares of Murphy Oil in a research report on Friday, April 14th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.89.

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