Exxonmobil Investment Management Inc. TX lowered its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 13.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 31,141 shares of the oil and gas producer’s stock after selling 4,845 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Murphy Oil Corporation were worth $798,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. boosted its position in Murphy Oil Corporation by 1,727.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 205,733 shares of the oil and gas producer’s stock valued at $5,882,000 after buying an additional 194,473 shares in the last quarter. Retirement Systems of Alabama boosted its position in Murphy Oil Corporation by 0.7% in the first quarter. Retirement Systems of Alabama now owns 225,039 shares of the oil and gas producer’s stock valued at $6,434,000 after buying an additional 1,615 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Murphy Oil Corporation by 1.7% in the first quarter. Nisa Investment Advisors LLC now owns 131,994 shares of the oil and gas producer’s stock valued at $3,774,000 after buying an additional 2,195 shares in the last quarter. Everence Capital Management Inc. boosted its position in Murphy Oil Corporation by 71.0% in the first quarter. Everence Capital Management Inc. now owns 13,916 shares of the oil and gas producer’s stock valued at $398,000 after buying an additional 5,780 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Murphy Oil Corporation by 4.0% in the first quarter. DnB Asset Management AS now owns 12,977 shares of the oil and gas producer’s stock valued at $371,000 after buying an additional 500 shares during the last quarter. 96.16% of the stock is currently owned by institutional investors.
Shares of Murphy Oil Corporation (NYSE MUR) opened at 26.13 on Thursday. The firm’s 50-day moving average price is $25.42 and its 200-day moving average price is $26.73. The company’s market capitalization is $4.51 billion. Murphy Oil Corporation has a 12-month low of $23.61 and a 12-month high of $35.19.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, topping 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 net margin of 1.83% and a negative return on equity of 1.76%. During the same quarter last year, the firm earned ($0.36) EPS. On average, analysts expect that Murphy Oil Corporation will post ($0.33) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.83%. Murphy Oil Corporation’s payout ratio is currently -454.55%.
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Several analysts have issued reports on the company. Royal Bank Of Canada set a $32.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Scotiabank set a $26.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a research report on Saturday, July 1st. ValuEngine cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, KLR Group began coverage on Murphy Oil Corporation in a research report on Wednesday, May 24th. They set a “buy” rating and a $41.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.50.
In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction that occurred on 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 transaction, the vice president now owns 100 shares of the company’s stock, valued at approximately $2,605. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.89% of the company’s stock.
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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