Advisor Partners LLC Has $233,000 Position in Murphy Oil Corporation (MUR)
Advisor Partners LLC increased its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 9,081 shares of the oil and gas producer’s stock after buying an additional 590 shares during the period. Advisor Partners LLC’s holdings in Murphy Oil Corporation were worth $233,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Murphy Oil Corporation by 14.0% in the first quarter. Bank of America Corp DE now owns 613,099 shares of the oil and gas producer’s stock valued at $17,529,000 after buying an additional 75,164 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Murphy Oil Corporation by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 10,200 shares of the oil and gas producer’s stock valued at $292,000 after buying an additional 174 shares during the last quarter. KBC Group NV boosted its stake in shares of Murphy Oil Corporation by 37.2% in the first quarter. KBC Group NV now owns 9,300 shares of the oil and gas producer’s stock valued at $266,000 after buying an additional 2,520 shares during the last quarter. State Street Corp boosted its stake in shares of Murphy Oil Corporation by 3.0% in the first quarter. State Street Corp now owns 10,870,682 shares of the oil and gas producer’s stock valued at $310,787,000 after buying an additional 319,322 shares during the last quarter. Finally, TVR Capital Management LP bought a new stake in shares of Murphy Oil Corporation during the first quarter valued at about $2,799,000. Institutional investors own 96.16% of the company’s stock.
Murphy Oil Corporation (NYSE:MUR) opened at 25.56 on Friday. The stock’s market capitalization is $4.41 billion. Murphy Oil Corporation has a 12-month low of $23.61 and a 12-month high of $35.19. The stock’s 50 day moving average price is $25.48 and its 200-day moving average price is $26.68.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same quarter in the previous year, the business earned ($0.36) earnings per share. Analysts expect that Murphy Oil Corporation will post ($0.19) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is currently -454.55%.
MUR has been the subject of several analyst reports. Barclays PLC cut Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $38.00 to $29.00 in a report on Tuesday, July 11th. BidaskClub cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Scotiabank set a $27.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday. Credit Suisse Group restated an “underperform” rating and issued a $34.00 target price (down from $35.00) on shares of Murphy Oil Corporation in a report on Friday, May 5th. Finally, Royal Bank Of Canada set a $32.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a report on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Murphy Oil Corporation has a consensus rating of “Hold” and an average target price of $31.55.
In other news, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the sale, the vice president now owns 100 shares of the company’s stock, valued at $2,605. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 6.89% of the stock is owned by insiders.
About Murphy Oil Corporation
Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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