Pacer Advisors Inc. trimmed its holdings in shares of Murphy Oil Corporation (NYSE:MUR) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,479 shares of the oil and gas producer’s stock after selling 883 shares during the period. Pacer Advisors Inc.’s holdings in Murphy Oil Corporation were worth $474,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. purchased a new position in Murphy Oil Corporation in the 1st quarter valued at approximately $111,000. Mn Services Vermogensbeheer B.V. grew its holdings in Murphy Oil Corporation by 4.4% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 178 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Murphy Oil Corporation by 24.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock valued at $125,000 after buying an additional 960 shares during the last quarter. Koch Industries Inc. acquired a new stake in Murphy Oil Corporation during the 1st quarter valued at $208,000. Finally, ING Groep NV grew its holdings in Murphy Oil Corporation by 0.5% during the 2nd quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock valued at $213,000 after buying an additional 39 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Murphy Oil Corporation (NYSE MUR) traded down 0.38% during trading on Friday, hitting $26.19. The stock had a trading volume of 1,486,169 shares. The stock’s 50-day moving average price is $24.52 and its 200 day moving average price is $25.74. Murphy Oil Corporation has a one year low of $22.21 and a one year high of $35.19. The stock’s market cap is $4.52 billion.
Murphy Oil Corporation (NYSE:MUR) last posted 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 company had revenue of $474.50 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted ($0.36) EPS. On average, equities analysts forecast that Murphy Oil Corporation will post ($0.28) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is presently -454.55%.
In other news, VP Allan J. Misner sold 3,795 shares of the stock in a transaction dated Monday, August 7th. The shares were 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 in the company, valued at $2,605. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $102,520.00. Following the completion of the sale, the insider now owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The disclosure for this sale can be found here. 6.89% of the stock is owned by corporate insiders.
MUR has been the topic of several analyst reports. J P Morgan Chase & Co decreased their price objective on Murphy Oil Corporation from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, May 31st. ValuEngine cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. 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 Saturday, June 3rd. Zacks Investment Research upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, BidaskClub raised Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Murphy Oil Corporation presently has a consensus rating of “Hold” and a consensus price target of $30.82.
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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