LMR Partners LLP reduced its position in Murphy Oil Corp. (NYSE:MUR) by 57.3% during the second quarter, Holdings Channel reports. The institutional investor owned 18,200 shares of the company’s stock after selling 24,393 shares during the period. LMR Partners LLP’s holdings in Murphy Oil Corp. were worth $578,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Murphy Oil Corp. by 13.1% in the first quarter. Legal & General Group Plc now owns 1,030,188 shares of the company’s stock worth $25,946,000 after buying an additional 119,032 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Murphy Oil Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,338,696 shares of the company’s stock worth $33,655,000 after buying an additional 33,876 shares during the last quarter. Babson Capital Management LLC raised its stake in shares of Murphy Oil Corp. by 30.4% in the first quarter. Babson Capital Management LLC now owns 18,433 shares of the company’s stock worth $464,000 after buying an additional 4,300 shares during the last quarter. Spark Investment Management LLC acquired a new stake in shares of Murphy Oil Corp. during the first quarter worth approximately $1,722,000. Finally, British Columbia Investment Management Corp raised its stake in shares of Murphy Oil Corp. by 315.5% in the second quarter. British Columbia Investment Management Corp now owns 61,210 shares of the company’s stock worth $1,943,000 after buying an additional 46,477 shares during the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 3.04% on Tuesday, reaching $29.35. The company’s stock had a trading volume of 1,470,939 shares. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48. The company’s 50 day moving average is $28.04 and its 200-day moving average is $29.27. The firm’s market cap is $5.05 billion.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same period in the prior year, the company earned ($0.48) earnings per share. Equities research analysts expect that Murphy Oil Corp. will post ($1.32) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. Murphy Oil Corp.’s dividend payout ratio is currently -7.24%.
Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Barclays PLC reiterated an “overweight” rating and set a $42.00 price target on shares of Murphy Oil Corp. in a report on Monday. Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Finally, Zacks Investment Research lowered Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Two research 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. Murphy Oil Corp. presently has an average rating of “Hold” and a consensus target price of $26.30.
In other news, Director Robert Madison Murphy acquired 22,594 shares of Murphy Oil Corp. stock in a transaction dated 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.39% of the company’s stock.
About Murphy Oil Corp.
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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