Fruth Investment Management increased its stake in Murphy Oil Co. (NYSE:MUR) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,520 shares of the oil and gas producer’s stock after acquiring an additional 1,300 shares during the period. Fruth Investment Management’s holdings in Murphy Oil were worth $780,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in shares of Murphy Oil in the second quarter valued at $40,000. Eudaimonia Partners LLC acquired a new stake in shares of Murphy Oil in the third quarter valued at $354,000. Cerebellum GP LLC acquired a new stake in shares of Murphy Oil in the third quarter valued at $62,000. Texas Capital Bank Wealth Management Services Inc. acquired a new stake in shares of Murphy Oil in the third quarter valued at $89,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Murphy Oil in the third quarter valued at $91,000. Institutional investors and hedge funds own 83.97% of the company’s stock.
In other Murphy Oil news, VP John B. Gardner sold 9,365 shares of Murphy Oil stock in a transaction that occurred on Monday, November 23rd. The stock was sold at an average price of $10.61, for a total value of $99,362.65. Following the sale, the vice president now owns 13,480 shares of the company’s stock, valued at approximately $143,022.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Walentin Mirosh sold 2,000 shares of Murphy Oil stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $12.61, for a total value of $25,220.00. Following the completion of the sale, the director now directly owns 25,190 shares in the company, valued at approximately $317,645.90. The disclosure for this sale can be found here. Insiders sold a total of 31,365 shares of company stock worth $384,383 in the last ninety days. 6.59% of the stock is owned by corporate insiders.
Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Thursday, November 5th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.03. Murphy Oil had a negative return on equity of 3.06% and a negative net margin of 46.10%. The firm had revenue of $421.87 million for the quarter, compared to analyst estimates of $474.04 million. During the same quarter last year, the company posted $0.36 earnings per share. The business’s revenue was down 48.4% on a year-over-year basis. As a group, analysts forecast that Murphy Oil Co. will post -1.23 earnings per share for the current year.
MUR has been the topic of a number of analyst reports. Wells Fargo & Company cut Murphy Oil from an “equal weight” rating to an “underweight” rating and set a $11.00 price target on the stock. in a research note on Tuesday, December 15th. Scotiabank cut their price target on Murphy Oil from $13.00 to $11.00 and set an “underperform” rating on the stock in a research note on Thursday, November 19th. Morgan Stanley upgraded Murphy Oil from an “underweight” rating to an “equal weight” rating and set a $14.00 price target on the stock in a research note on Friday, December 11th. Credit Suisse Group cut their price target on Murphy Oil from $15.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, November 6th. Finally, KeyCorp raised their price target on Murphy Oil from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.03.
Murphy Oil Company Profile
Murphy Oil Corporation 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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