UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 36,692 Shares of Murphy Oil Co. (NYSE:MUR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Murphy Oil Co. (NYSE:MUR - Free Report) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,943 shares of the oil and gas producer's stock after selling 36,692 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of Murphy Oil worth $6,982,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Murphy Oil by 14.5% in the second quarter. Signaturefd LLC now owns 2,441 shares of the oil and gas producer's stock worth $101,000 after purchasing an additional 310 shares during the last quarter. Lindenwold Advisors INC increased its stake in shares of Murphy Oil by 3.5% in the third quarter. Lindenwold Advisors INC now owns 10,529 shares of the oil and gas producer's stock valued at $355,000 after buying an additional 358 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Murphy Oil by 16.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,140 shares of the oil and gas producer's stock worth $129,000 after acquiring an additional 438 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of Murphy Oil by 8.1% in the third quarter. Clear Creek Financial Management LLC now owns 6,574 shares of the oil and gas producer's stock worth $222,000 after acquiring an additional 494 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in Murphy Oil by 1.1% during the 2nd quarter. International Assets Investment Management LLC now owns 49,437 shares of the oil and gas producer's stock worth $2,039,000 after purchasing an additional 537 shares during the last quarter. 78.31% of the stock is currently owned by institutional investors.

Murphy Oil Stock Down 0.9 %

Shares of MUR stock traded down $0.27 during trading hours on Tuesday, reaching $30.27. The company had a trading volume of 1,988,579 shares, compared to its average volume of 1,655,855. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.71 and a quick ratio of 0.65. The business has a fifty day simple moving average of $32.92 and a 200-day simple moving average of $36.53. Murphy Oil Co. has a 12 month low of $29.84 and a 12 month high of $49.14. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 9.76 and a beta of 2.18.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.02). Murphy Oil had a net margin of 14.78% and a return on equity of 9.22%. The firm had revenue of $758.33 million for the quarter, compared to the consensus estimate of $759.74 million. During the same period in the previous year, the business earned $1.59 earnings per share. The firm's revenue for the quarter was down 21.0% on a year-over-year basis. On average, research analysts expect that Murphy Oil Co. will post 3.15 earnings per share for the current fiscal year.

Murphy Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.20 dividend on an annualized basis and a yield of 3.96%. Murphy Oil's dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analysts Forecast Growth

MUR has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Murphy Oil from $39.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday. Scotiabank lowered their price objective on Murphy Oil from $47.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Morgan Stanley cut their target price on Murphy Oil from $43.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. The Goldman Sachs Group cut their price target on Murphy Oil from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Monday, October 7th. Finally, Barclays dropped their target price on shares of Murphy Oil from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Murphy Oil currently has an average rating of "Hold" and an average price target of $40.25.

Murphy Oil Company 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.