Old Mutual Global Investors UK Ltd. Decreases Position in Murphy Oil Corp. (MUR)
Old Mutual Global Investors UK Ltd. lowered its position in shares of Murphy Oil Corp. (NYSE:MUR) by 98.3% during the second quarter, Holdings Channel reports. The fund owned 8,622 shares of the company’s stock after selling 488,132 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Murphy Oil Corp. were worth $273,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Willis Investment Counsel raised its position in Murphy Oil Corp. by 3.9% in the first quarter. Willis Investment Counsel now owns 246,765 shares of the company’s stock worth $6,216,000 after buying an additional 9,305 shares during the last quarter. Spark Investment Management LLC acquired a new position in Murphy Oil Corp. during the first quarter worth approximately $1,722,000. BlackRock Institutional Trust Company N.A. raised its position in Murphy Oil Corp. by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,824,582 shares of the company’s stock worth $121,531,000 after buying an additional 268,431 shares during the last quarter. Prudential Financial Inc. raised its position in Murphy Oil Corp. by 3.4% in the first quarter. Prudential Financial Inc. now owns 372,819 shares of the company’s stock worth $9,391,000 after buying an additional 12,100 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in Murphy Oil Corp. by 4.0% in the first quarter. Teachers Advisors Inc. now owns 179,228 shares of the company’s stock worth $4,515,000 after buying an additional 6,919 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
Shares of Murphy Oil Corp. (NYSE:MUR) traded up 1.16% during mid-day trading on Friday, reaching $26.19. The company’s stock had a trading volume of 3,953,553 shares. The firm’s 50 day moving average is $28.08 and its 200 day moving average is $28.61. Murphy Oil Corp. has a one year low of $14.30 and a one year high of $37.48. The firm’s market cap is $4.51 billion.
Murphy Oil Corp. (NYSE:MUR) last released its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same quarter last year, the firm posted ($0.48) EPS. On average, equities analysts anticipate that Murphy Oil Corp. will post ($1.29) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, August 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.82%. Murphy Oil Corp.’s dividend payout ratio (DPR) is presently -7.24%.
A number of research analysts have commented on the company. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Barclays PLC raised Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $33.00 to $42.00 in a research report on Wednesday, July 13th. Raymond James Financial Inc. raised Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 20th. Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Finally, Zacks Investment Research downgraded Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Murphy Oil Corp. currently has an average rating of “Hold” and a consensus target price of $26.30.
In other Murphy Oil Corp. news, Director Robert Madison Murphy bought 22,594 shares of Murphy Oil Corp. stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $21.93 per share, for a total transaction of $495,486.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 6.39% of the company’s stock.
About Murphy Oil Corp.
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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