IBM Retirement Fund cut its position in shares of Murphy Oil Corp. (NYSE:MUR) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 16,486 shares of the company’s stock after selling 1,350 shares during the period. IBM Retirement Fund’s holdings in Murphy Oil Corp. were worth $523,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Murphy Oil Corp. during the fourth quarter worth $44,634,000. Chevy Chase Trust Holdings Inc. raised its position in shares of Murphy Oil Corp. by 4.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 139,484 shares of the company’s stock worth $3,514,000 after buying an additional 5,956 shares during the period. Aperio Group LLC raised its position in shares of Murphy Oil Corp. by 19.7% in the first quarter. Aperio Group LLC now owns 114,136 shares of the company’s stock worth $2,875,000 after buying an additional 18,747 shares during the period. Nisa Investment Advisors L.L.C. raised its position in shares of Murphy Oil Corp. by 56.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 119,329 shares of the company’s stock worth $3,006,000 after buying an additional 43,100 shares during the period. Finally, Virginia Retirement System bought a new position in shares of Murphy Oil Corp. during the first quarter worth $8,163,000. Institutional investors own 92.61% of the company’s stock.
Murphy Oil Corp. (NYSE:MUR) traded down 5.34% during midday trading on Friday, reaching $26.08. 5,697,768 shares of the company traded hands. The firm has a 50 day moving average of $27.87 and a 200-day moving average of $28.79. The stock’s market capitalization is $4.49 billion. Murphy Oil Corp. has a 12 month low of $14.30 and a 12 month high of $37.48.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, beating the Zacks’ 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 quarter in the prior year, the firm earned ($0.48) EPS. Analysts forecast that Murphy Oil Corp. will post ($1.30) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Thursday, August 11th. Murphy Oil Corp.’s payout ratio is presently -7.24%.
A number of equities analysts have weighed in on MUR shares. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Barclays PLC upgraded 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 report on Wednesday, July 13th. Zacks Investment Research lowered shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.30.
In other Murphy Oil Corp. news, Director Robert Madison Murphy bought 22,594 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was bought at an average cost of $21.93 per share, with a total value of $495,486.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.39% of the company’s stock.
Murphy Oil Corp. Company Profile
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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