Chevy Chase Trust Holdings Inc. boosted its stake in Murphy Oil Corporation (NYSE:MUR) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,250 shares of the oil and gas producer’s stock after buying an additional 31 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of Murphy Oil Corporation worth $3,646,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUR. Ameritas Investment Partners Inc. purchased a new position in Murphy Oil Corporation during the first quarter valued at about $111,000. Mn Services Vermogensbeheer B.V. raised its position in Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 178 shares during the last quarter. Koch Industries Inc. purchased a new position in Murphy Oil Corporation during the first quarter valued at about $208,000. Contravisory Investment Management Inc. raised its position in Murphy Oil Corporation by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 7,946 shares of the oil and gas producer’s stock valued at $227,000 after buying an additional 1,914 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new position in Murphy Oil Corporation during the first quarter valued at about $232,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
Murphy Oil Corporation (MUR) traded down 0.21% during mid-day trading on Friday, reaching $24.03. 2,415,874 shares of the company traded hands. The stock’s market capitalization is $4.15 billion. Murphy Oil Corporation has a 12-month low of $23.61 and a 12-month high of $35.19. The company’s 50-day moving average is $25.50 and its 200-day moving average is $26.49.
Murphy Oil Corporation (NYSE:MUR) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 1.76% and a negative net margin of 1.83%. During the same quarter in the prior year, the company earned ($0.36) earnings per share. Equities analysts predict that Murphy Oil Corporation will post ($0.27) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.16%. Murphy Oil Corporation’s dividend payout ratio (DPR) is -454.55%.
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MUR has been the subject of several analyst reports. KLR Group initiated coverage on shares of Murphy Oil Corporation in a report on Wednesday, May 24th. They set a “buy” rating and a $41.00 price target for the company. Barclays PLC lowered shares of Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $38.00 to $29.00 in a report on Tuesday, July 11th. Scotiabank set a $32.00 price objective on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada set a $32.00 price objective on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Tuesday, April 25th. Finally, Zacks Investment Research upgraded shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.55.
In other news, VP Allan J. Misner sold 3,795 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the sale, the vice president now directly owns 100 shares of the company’s stock, valued at $2,605. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kelli M. Hammock sold 4,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $25.63, for a total value of $102,520.00. Following the completion of the sale, the insider now directly owns 14,298 shares in the company, valued at $366,457.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,795 shares of company stock valued at $225,390. 6.89% of the stock is owned by corporate insiders.
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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