Incoming Murphy Oil CEO Sells 10,000 Shares of Stock

Roger Jenkins, the incoming CEO of Murphy Oil Corp. of El Dorado, this week sold more than 10,000 shares of Murphy Oil stock.

According to filings with the U.S. Securities and Exchange Commission, Jenkins on Tuesday sold 10,049 shares (NYSE: MURat an average price of $70.22. That amounts to $705,640.78.

Jenkins, who is currently COO of Murphy Oil, now directly owns 39,087 shares of the company's stock.

Last week, Murphy Oil's board of directors approved the planned spinoff of its gas station unit into a separate publicly traded company, Murphy USA Inc., which will take place on Aug. 30 after market close.