Murphy Oil Corporation (MUR) Shares Bought by Utah Retirement Systems
Utah Retirement Systems grew its stake in Murphy Oil Corporation (NYSE:MUR) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,842 shares of the oil and gas producer’s stock after purchasing an additional 100 shares during the period. Utah Retirement Systems’ holdings in Murphy Oil Corporation were worth $765,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Murphy Oil Corporation in the 1st quarter worth $111,000. Daiwa Securities Group Inc. lifted its holdings in shares of 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 worth $125,000 after acquiring an additional 960 shares during the period. Koch Industries Inc. bought a new position in shares of Murphy Oil Corporation during the 1st quarter worth about $208,000. Laurion Capital Management LP bought a new position in shares of Murphy Oil Corporation during the 1st quarter worth about $232,000. Finally, OppenheimerFunds Inc. lifted its holdings in shares of Murphy Oil Corporation by 22.5% during the 1st quarter. OppenheimerFunds Inc. now owns 8,204 shares of the oil and gas producer’s stock worth $235,000 after acquiring an additional 1,505 shares during the period. Institutional investors own 97.68% of the company’s stock.
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 transaction of $98,859.75. Following the completion of the transaction, the vice president now owns 100 shares in the company, valued at approximately $2,605. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the transaction, 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 currently owned by company insiders.
A number of research firms have recently commented on MUR. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $32.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, J P Morgan Chase & Co reduced their price objective on shares of Murphy Oil Corporation from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, May 31st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Murphy Oil Corporation has a consensus rating of “Hold” and a consensus target price of $30.82.
Shares of Murphy Oil Corporation (NYSE MUR) opened at 23.45 on Tuesday. The firm’s market cap is $4.05 billion. The stock’s 50 day moving average is $24.68 and its 200 day moving average is $25.89. Murphy Oil Corporation has a 12 month low of $22.21 and a 12 month high of $35.19.
Murphy Oil Corporation (NYSE:MUR) last released 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 consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The firm had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. During the same quarter last year, the business earned ($0.36) EPS. Analysts forecast that Murphy Oil Corporation will post ($0.27) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 4.26%. Murphy Oil Corporation’s payout ratio is -454.55%.
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Murphy Oil Corporation 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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