Yousif Capital Management LLC Sells 605 Shares of Murphy Oil Corporation $MUR

Yousif Capital Management LLC trimmed its position in shares of Murphy Oil Corporation (NYSE:MUR) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,690 shares of the oil and gas producer’s stock after selling 605 shares during the quarter. Yousif Capital Management LLC’s holdings in Murphy Oil were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group lifted its holdings in shares of Murphy Oil by 3,989.7% during the 1st quarter. Brooklyn Investment Group now owns 1,186 shares of the oil and gas producer’s stock valued at $34,000 after buying an additional 1,157 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Murphy Oil by 1,710.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,666 shares of the oil and gas producer’s stock valued at $47,000 after buying an additional 1,574 shares during the period. Allworth Financial LP lifted its holdings in shares of Murphy Oil by 246.6% during the 1st quarter. Allworth Financial LP now owns 1,747 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 1,243 shares during the period. UMB Bank n.a. lifted its holdings in shares of Murphy Oil by 148.1% during the 2nd quarter. UMB Bank n.a. now owns 2,273 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 1,357 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Murphy Oil by 146.5% during the 1st quarter. GAMMA Investing LLC now owns 3,106 shares of the oil and gas producer’s stock valued at $88,000 after buying an additional 1,846 shares during the period. 78.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on MUR. Morgan Stanley reduced their price objective on Murphy Oil from $28.00 to $27.00 and set an “underweight” rating for the company in a research note on Tuesday, October 14th. Barclays upped their price objective on Murphy Oil from $22.00 to $23.00 and gave the stock an “underweight” rating in a research note on Monday, July 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Murphy Oil in a research note on Wednesday, October 8th. Scotiabank upped their price objective on Murphy Oil from $26.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company reduced their price objective on Murphy Oil from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $28.25.

Murphy Oil Trading Down 0.9%

Shares of MUR stock opened at $27.31 on Wednesday. Murphy Oil Corporation has a 52-week low of $18.94 and a 52-week high of $34.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market capitalization of $3.90 billion, a PE ratio of 14.15 and a beta of 1.03. The stock has a fifty day simple moving average of $26.53 and a two-hundred day simple moving average of $24.17.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Monday, March 21st. The oil and gas producer reported ($0.09) earnings per share for the quarter. The firm had revenue of $440.08 million for the quarter. Murphy Oil had a net margin of 10.20% and a return on equity of 5.25%. On average, analysts predict that Murphy Oil Corporation will post 2.94 EPS for the current fiscal year.

Murphy Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $0.325 per share. The ex-dividend date is Monday, November 17th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.8%. Murphy Oil’s dividend payout ratio (DPR) is presently 67.36%.

Murphy Oil 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.