Deprince Race & Zollo Inc. Has $34,500,000 Stake in Murphy Oil Corp. (MUR)
Deprince Race & Zollo Inc. decreased its position in Murphy Oil Corp. (NYSE:MUR) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,086,608 shares of the company’s stock after selling 57,130 shares during the period. Deprince Race & Zollo Inc. owned 0.63% of Murphy Oil Corp. worth $34,500,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in MUR. State Street Corp increased its position in shares of Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock worth $266,760,000 after buying an additional 45,934 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Murphy Oil Corp. by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,824,582 shares of the company’s stock valued at $121,531,000 after buying an additional 268,431 shares during the period. NN Investment Partners Holdings N.V. increased its stake in Murphy Oil Corp. by 128,811.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,059,998 shares of the company’s stock valued at $65,405,000 after buying an additional 2,058,400 shares during the period. Norges Bank bought a new stake in Murphy Oil Corp. during the fourth quarter valued at $44,634,000. Finally, Geode Capital Management LLC increased its stake in Murphy Oil Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,338,696 shares of the company’s stock valued at $33,655,000 after buying an additional 33,876 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.
Murphy Oil Corp. (NYSE:MUR) traded up 1.55% on Monday, reaching $30.87. 2,485,426 shares of the company’s stock were exchanged. The company’s market cap is $5.32 billion. Murphy Oil Corp. has a 52-week low of $14.30 and a 52-week high of $37.48. The firm’s 50 day moving average price is $27.89 and its 200 day moving average price is $29.05.
Murphy Oil Corp. (NYSE:MUR) last posted its earnings results on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same period in the previous year, the business posted ($0.48) earnings per share. On average, analysts expect that Murphy Oil Corp. will post ($1.32) earnings per share for the current year.
Several equities research analysts have weighed in on MUR shares. Zacks Investment Research downgraded shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Credit Agricole SA reaffirmed a “sell” rating on shares of Murphy Oil Corp. in a research note on Tuesday, August 16th. Barclays PLC raised shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $33.00 to $42.00 in a research note on Wednesday, July 13th. Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Murphy Oil Corp. presently has an average rating of “Hold” and an average price target of $26.30.
In related news, Director Robert Madison Murphy bought 22,594 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was purchased at an average cost of $21.93 per share, with a total value of $495,486.42. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 6.39% of the stock is currently owned by insiders.
About Murphy Oil Corp.
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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