Murphy Oil Corporation $MUR Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in Murphy Oil Corporation (NYSE:MUR) by 45.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the oil and gas producer’s stock after selling 16,452 shares during the quarter. International Assets Investment Management LLC’s holdings in Murphy Oil were worth $740,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Leonteq Securities AG bought a new stake in shares of Murphy Oil in the 1st quarter valued at about $29,000. Valued Wealth Advisors LLC boosted its stake in shares of Murphy Oil by 14,700.0% during the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 735 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Murphy Oil during the third quarter valued at approximately $44,000. Compass Wealth Management LLC purchased a new position in Murphy Oil during the third quarter valued at approximately $46,000. Finally, Mather Group LLC. purchased a new position in Murphy Oil during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Murphy Oil Stock Down 8.9%

Murphy Oil stock opened at $35.96 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 17.80 and a beta of 0.52. Murphy Oil Corporation has a 1-year low of $26.49 and a 1-year high of $45.03. The business has a fifty day moving average price of $38.83 and a 200-day moving average price of $36.86.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, November 4th. The oil and gas producer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.17. Murphy Oil had a return on equity of 6.63% and a net margin of 9.74%. The company had revenue of $849.17 million for the quarter, compared to analyst estimates of $781.53 million. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts forecast that Murphy Oil Corporation will post 3.68 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, November 16th. Murphy Oil’s dividend payout ratio is presently 69.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Murphy Oil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Jefferies Financial Group set a $35.00 target price on Murphy Oil and gave the company a “hold” rating in a research report on Saturday, October 17th. Seaport Research Partners started coverage on Murphy Oil in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. BMO Capital Markets restated a “market perform” rating on shares of Murphy Oil in a research note on Wednesday, October 14th. Finally, Mizuho raised their price objective on Murphy Oil from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.75.

Murphy Oil Company Profile

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids, with a focus on high-quality assets in North America.

The company’s operations are primarily located in the United States, including onshore assets in the Eagle Ford Shale of South Texas and offshore properties in the Gulf of Mexico. Murphy Oil has also historically maintained exploration and production interests in Canada and other international regions, although its current portfolio is concentrated in the United States.

Founded in 1950, Murphy Oil has evolved from a diversified energy company into a focused exploration and production business.