MDU Resources Group Inc. (MDU) Position Maintained by Viking Fund Management LLC
Viking Fund Management LLC continued to hold its stake in shares of MDU Resources Group Inc. (NYSE:MDU) during the third quarter, according to its most recent filing with the SEC. The firm owned 520,000 shares of the company’s stock at the end of the third quarter. MDU Resources Group accounts for approximately 2.2% of Viking Fund Management LLC’s holdings, making the stock its 20th largest position. Viking Fund Management LLC owned approximately 0.27% of MDU Resources Group worth $13,229,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. Barclays PLC increased its stake in MDU Resources Group by 30.0% in the second quarter. Barclays PLC now owns 4,736 shares of the company’s stock worth $114,000 after buying an additional 1,094 shares during the period. MSI Financial Services Inc increased its stake in MDU Resources Group by 0.4% in the third quarter. MSI Financial Services Inc now owns 5,077 shares of the company’s stock worth $129,000 after buying an additional 18 shares during the period. Sei Investments Co. increased its stake in MDU Resources Group by 1,849.4% in the second quarter. Sei Investments Co. now owns 6,004 shares of the company’s stock worth $144,000 after buying an additional 5,696 shares during the period. Pacad Investment Ltd. purchased a new stake in MDU Resources Group during the second quarter worth $149,000. Finally, Walleye Trading LLC increased its stake in MDU Resources Group by 3,363.5% in the second quarter. Walleye Trading LLC now owns 6,527 shares of the company’s stock worth $157,000 after buying an additional 6,727 shares during the period. 63.17% of the stock is currently owned by institutional investors.
Shares of MDU Resources Group Inc. (NYSE:MDU) traded up 0.905% on Thursday, reaching $25.075. 465,677 shares of the company’s stock were exchanged. MDU Resources Group Inc. has a 12 month low of $15.58 and a 12 month high of $25.79. The firm’s 50-day moving average price is $24.40 and its 200 day moving average price is $22.75. The company’s market cap is $4.90 billion.
MDU Resources Group (NYSE:MDU) last released its earnings results on Wednesday, August 3rd. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. MDU Resources Group had a negative net margin of 3.99% and a positive return on equity of 8.39%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the business earned $0.15 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that MDU Resources Group Inc. will post $1.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 8th were paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Tuesday, September 6th. MDU Resources Group’s payout ratio is -85.23%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised MDU Resources Group from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday. Williams Capital reissued a “buy” rating on shares of MDU Resources Group in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $22.70.
In other MDU Resources Group news, Director Thomas S. Everist sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $23.44, for a total transaction of $703,200.00. Following the sale, the director now owns 79,572 shares in the company, valued at approximately $1,865,167.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.
About MDU Resources Group
MDU Resources Group, Inc is a diversified natural resource company. Montana-Dakota Utilities Co (Montana-Dakota) is a public utility division of the Company. Montana-Dakota, through the electric and natural gas distribution segments, generates, transmits and distributes electricity and distributes natural gas.
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