Nationwide Fund Advisors Has $14.66 Million Position in Murphy Oil Corporation (MUR)
Nationwide Fund Advisors boosted its position in shares of Murphy Oil Corporation (NYSE:MUR) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 571,800 shares of the oil and gas producer’s stock after purchasing an additional 42,090 shares during the period. Nationwide Fund Advisors owned about 0.33% of Murphy Oil Corporation worth $14,655,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Murphy Oil Corporation by 18.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock valued at $1,947,000 after purchasing an additional 11,755 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Murphy Oil Corporation by 271.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,446 shares of the oil and gas producer’s stock valued at $1,267,000 after purchasing an additional 36,133 shares during the last quarter. LSV Asset Management lifted its holdings in Murphy Oil Corporation by 3.8% during the 2nd quarter. LSV Asset Management now owns 1,130,900 shares of the oil and gas producer’s stock valued at $28,984,000 after purchasing an additional 41,663 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Murphy Oil Corporation by 4.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,510,782 shares of the oil and gas producer’s stock valued at $243,761,000 after purchasing an additional 396,009 shares during the last quarter. Finally, Bridgewater Associates LP bought a new position in Murphy Oil Corporation during the 2nd quarter valued at about $5,937,000. 97.64% of the stock is owned by hedge funds and other institutional investors.
Murphy Oil Corporation (NYSE MUR) opened at 26.29 on Friday. The company’s market capitalization is $4.54 billion. The firm has a 50 day moving average of $24.52 and a 200-day moving average of $25.74. Murphy Oil Corporation has a 52 week low of $22.21 and a 52 week high of $35.19.
Murphy Oil Corporation (NYSE:MUR) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same quarter in the prior year, the business earned ($0.36) earnings per share. On average, analysts forecast that Murphy Oil Corporation will post ($0.28) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.83%. Murphy Oil Corporation’s dividend payout ratio (DPR) is currently -454.55%.
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Several equities analysts recently issued reports on MUR shares. Barclays PLC downgraded shares of Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $38.00 to $29.00 in a report on Tuesday, July 11th. BidaskClub downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reissued a “hold” rating and set a $31.00 price target on shares of Murphy Oil Corporation in a report on Thursday, August 10th. Scotiabank set a $27.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 11th. Finally, ValuEngine downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Murphy Oil Corporation presently has a consensus rating of “Hold” and an average price target of $30.82.
In other news, insider Kelli M. Hammock sold 4,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $25.63, for a total value of $102,520.00. Following the completion of the transaction, the insider now owns 14,298 shares of the company’s stock, valued at $366,457.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Allan J. Misner sold 3,795 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by corporate insiders.
Murphy Oil Corporation Company Profile
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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