Murphy Oil Co. (NYSE:MUR) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. reduced its holdings in Murphy Oil Co. (NYSE:MURGet Rating) by 12.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,396 shares of the oil and gas producer’s stock after selling 1,974 shares during the quarter. Shell Asset Management Co.’s holdings in Murphy Oil were worth $541,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MUR. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Murphy Oil during the fourth quarter worth $26,000. USA Financial Portformulas Corp acquired a new position in Murphy Oil during the fourth quarter worth $35,000. Rockefeller Capital Management L.P. raised its holdings in Murphy Oil by 857.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,657 shares of the oil and gas producer’s stock worth $43,000 after purchasing an additional 1,484 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Murphy Oil by 23.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,278 shares of the oil and gas producer’s stock worth $59,000 after purchasing an additional 430 shares during the last quarter. Finally, CWM LLC acquired a new position in Murphy Oil during the fourth quarter worth $61,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Murphy Oil

In other Murphy Oil news, CEO Roger W. Jenkins sold 225,000 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $43.06, for a total transaction of $9,688,500.00. Following the completion of the sale, the chief executive officer now owns 814,664 shares of the company’s stock, valued at $35,079,431.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Murphy Oil news, SVP E Ted Botner sold 10,128 shares of the business’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $45.00, for a total transaction of $455,760.00. Following the completion of the sale, the senior vice president now owns 68,864 shares of the company’s stock, valued at $3,098,880. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Roger W. Jenkins sold 225,000 shares of the business’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $43.06, for a total value of $9,688,500.00. Following the sale, the chief executive officer now directly owns 814,664 shares of the company’s stock, valued at approximately $35,079,431.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 282,498 shares of company stock valued at $12,204,359. Company insiders own 6.20% of the company’s stock.

Murphy Oil Price Performance

Shares of NYSE:MUR opened at $34.13 on Wednesday. The company has a market cap of $5.30 billion, a P/E ratio of 53.33 and a beta of 2.56. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 0.59. Murphy Oil Co. has a 52 week low of $18.83 and a 52 week high of $45.79. The business has a fifty day simple moving average of $34.95 and a 200-day simple moving average of $35.90.

Murphy Oil (NYSE:MURGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The oil and gas producer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. The business had revenue of $552.90 million during the quarter, compared to the consensus estimate of $661.40 million. Murphy Oil had a return on equity of 7.27% and a net margin of 4.06%. During the same quarter in the previous year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 45.6% on a year-over-year basis. Equities research analysts forecast that Murphy Oil Co. will post 5.21 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Murphy Oil from $53.00 to $49.00 and set an “equal weight” rating for the company in a report on Monday, June 6th. Mizuho dropped their price target on Murphy Oil from $59.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. JPMorgan Chase & Co. downgraded Murphy Oil from an “overweight” rating to a “neutral” rating and set a $51.00 price target for the company. in a research report on Thursday, May 5th. MKM Partners reissued a “buy” rating and set a $38.00 price target on shares of Murphy Oil in a research report on Wednesday, July 20th. Finally, The Goldman Sachs Group dropped their price target on Murphy Oil from $45.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, July 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Murphy Oil has an average rating of “Hold” and an average target price of $46.00.

About Murphy Oil

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Murphy Oil Corporation, together with its subsidiaries, operates as an oil and natural 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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Institutional Ownership by Quarter for Murphy Oil (NYSE:MUR)

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