Metropolitan Life Insurance Co. NY Has $2.28 Million Position in Murphy Oil Corporation (MUR)

Metropolitan Life Insurance Co. NY reduced its position in shares of Murphy Oil Corporation (NYSE:MUR) by 1.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 79,836 shares of the oil and gas producer’s stock after selling 1,100 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Murphy Oil Corporation were worth $2,283,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. 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 worth $310,787,000 after buying an additional 319,322 shares during the period. LSV Asset Management boosted its stake in shares of Murphy Oil Corporation by 12.5% in the first quarter. LSV Asset Management now owns 1,089,237 shares of the oil and gas producer’s stock worth $31,141,000 after buying an additional 121,200 shares during the period. Tredje AP fonden boosted its stake in shares of Murphy Oil Corporation by 117.5% in the first quarter. Tredje AP fonden now owns 46,268 shares of the oil and gas producer’s stock worth $1,323,000 after buying an additional 24,996 shares during the period. TVR Capital Management LP bought a new stake in shares of Murphy Oil Corporation during the first quarter worth $2,799,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Murphy Oil Corporation by 76.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 32,759 shares of the oil and gas producer’s stock worth $937,000 after buying an additional 14,172 shares during the period. Hedge funds and other institutional investors own 96.32% of the company’s stock.

Murphy Oil Corporation (MUR) opened at 24.67 on Wednesday. The stock’s 50 day moving average price is $24.88 and its 200 day moving average price is $27.25. Murphy Oil Corporation has a 52 week low of $23.61 and a 52 week high of $35.19. The firm’s market cap is $4.26 billion.

Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $544.70 million for the quarter, compared to the consensus estimate of $529.61 million. Murphy Oil Corporation had a negative return on equity of 2.61% and a negative net margin of 0.89%. The company’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.66) EPS. On average, equities research analysts predict that Murphy Oil Corporation will post ($0.16) EPS for the current year.

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MUR has been the topic of a number of analyst reports. Barclays PLC cut Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $38.00 to $29.00 in a research report on Tuesday, July 11th. Scotiabank set a $30.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Monday, March 27th. BidaskClub cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $35.00 price target on shares of Murphy Oil Corporation in a research report on Friday, April 7th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.40.

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.

Institutional Ownership by Quarter for Murphy Oil Corporation (NYSE:MUR)

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