Nordea Investment Management AB held its position in Murphy Oil Corporation (NYSE:MUR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,496 shares of the oil and gas producer’s stock at the end of the 2nd quarter. Nordea Investment Management AB’s holdings in Murphy Oil Corporation were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of MUR. BlackRock Inc. boosted its stake in Murphy Oil Corporation by 3,301.1% during the first quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock worth $340,153,000 after buying an additional 11,547,767 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Murphy Oil Corporation by 76.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,895,083 shares of the oil and gas producer’s stock worth $139,944,000 after buying an additional 2,126,206 shares in the last quarter. AQR Capital Management LLC boosted its stake in Murphy Oil Corporation by 194.4% during the first quarter. AQR Capital Management LLC now owns 1,343,561 shares of the oil and gas producer’s stock worth $38,412,000 after buying an additional 887,174 shares in the last quarter. FMR LLC boosted its stake in Murphy Oil Corporation by 4.7% during the second quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock worth $302,613,000 after buying an additional 529,291 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Murphy Oil Corporation by 1,024.5% during the second quarter. SG Americas Securities LLC now owns 547,167 shares of the oil and gas producer’s stock worth $14,024,000 after buying an additional 498,507 shares in the last quarter. Hedge funds and other institutional investors own 97.64% of the company’s stock.

Murphy Oil Corporation (NYSE MUR) opened at 25.86 on Wednesday. The company’s market capitalization is $4.46 billion. Murphy Oil Corporation has a 12-month low of $22.21 and a 12-month high of $35.19. The company has a 50 day moving average price of $25.05 and a 200-day moving average price of $25.71.

Murphy Oil Corporation (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.04. The business had revenue of $474.50 million for the quarter, compared to analyst estimates of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same period last year, the firm posted ($0.36) earnings per share. On average, analysts anticipate that Murphy Oil Corporation will post ($0.29) EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, November 10th. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -454.55%.

WARNING: “Nordea Investment Management AB Has $346,000 Stake in Murphy Oil Corporation (MUR)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/11/nordea-investment-management-ab-has-346000-stake-in-murphy-oil-corporation-mur.html.

In related news, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $25.63, for a total value of $102,520.00. Following the sale, the insider now directly owns 14,298 shares of the company’s stock, valued at $366,457.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Allan J. Misner sold 3,795 shares of the firm’s 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 directly owns 100 shares in the company, valued at $2,605. The disclosure for this sale can be found here. Company insiders own 6.89% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Scotiabank set a $26.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Cowen and Company set a $30.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Murphy Oil Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Finally, Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Murphy Oil Corporation presently has a consensus rating of “Hold” and a consensus target price of $30.70.

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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Institutional Ownership by Quarter for Murphy Oil Corporation (NYSE:MUR)

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