Murphy Oil Co. (NYSE:MUR) Shares Sold by ARP Americas LP

ARP Americas LP cut its stake in Murphy Oil Co. (NYSE:MUR) by 53.8% in the second quarter, HoldingsChannel reports. The fund owned 27,125 shares of the oil and gas producer’s stock after selling 31,635 shares during the period. ARP Americas LP’s holdings in Murphy Oil were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Highland Capital Management LLC lifted its holdings in Murphy Oil by 1.3% in the second quarter. Highland Capital Management LLC now owns 59,617 shares of the oil and gas producer’s stock valued at $823,000 after acquiring an additional 777 shares during the period. World Asset Management Inc lifted its holdings in Murphy Oil by 8.1% in the second quarter. World Asset Management Inc now owns 14,980 shares of the oil and gas producer’s stock valued at $207,000 after acquiring an additional 1,127 shares during the period. Voloridge Investment Management LLC lifted its holdings in Murphy Oil by 1.2% in the first quarter. Voloridge Investment Management LLC now owns 145,084 shares of the oil and gas producer’s stock valued at $889,000 after acquiring an additional 1,722 shares during the period. Sunbelt Securities Inc. acquired a new position in Murphy Oil in the fourth quarter valued at approximately $11,725,000. Finally, Skba Capital Management LLC lifted its holdings in Murphy Oil by 16.0% in the first quarter. Skba Capital Management LLC now owns 13,800 shares of the oil and gas producer’s stock valued at $85,000 after acquiring an additional 1,900 shares during the period. 97.18% of the stock is owned by institutional investors.

A number of analysts have recently commented on the company. ValuEngine upgraded Murphy Oil from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. UBS Group boosted their price objective on Murphy Oil from $5.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. BMO Capital Markets cut Murphy Oil from an “outperform” rating to a “market perform” rating and set a $9.00 price objective for the company. in a research report on Tuesday, April 28th. Goldman Sachs Group cut Murphy Oil from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $13.50 to $14.50 in a research report on Monday, June 22nd. Finally, Wolfe Research cut Murphy Oil from a “peer perform” rating to an “underperform” rating and cut their price objective for the company from $11.00 to $10.00 in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.83.

Shares of MUR traded down $0.30 during trading hours on Friday, hitting $13.21. 3,870,061 shares of the stock were exchanged, compared to its average volume of 2,538,270. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.32 and a current ratio of 1.40. Murphy Oil Co. has a 12-month low of $4.50 and a 12-month high of $28.12. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 3.19 and a beta of 3.27. The stock’s 50-day moving average price is $13.68 and its two-hundred day moving average price is $14.29.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported ($0.30) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.15. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $600.87 million. Murphy Oil had a return on equity of 1.30% and a net margin of 21.89%. The firm’s revenue for the quarter was up 59.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. On average, research analysts expect that Murphy Oil Co. will post -1.9 earnings per share for the current year.

In other Murphy Oil news, VP Christopher D. Hulse sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $15.67, for a total transaction of $78,350.00. Also, VP Christopher D. Hulse sold 4,447 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $17.12, for a total value of $76,132.64. Following the transaction, the vice president now directly owns 9,179 shares in the company, valued at approximately $157,144.48. The disclosure for this sale can be found here. Insiders own 6.59% of the company’s stock.

Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company in the United States, Canada, Malaysia, 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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