Macquarie Group Ltd. maintained its position in Murphy Oil Corp. (NYSE:MUR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in Murphy Oil Corp. were worth $194,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of MUR. Legal & General Group Plc increased its position in 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 period. Geode Capital Management LLC increased its position in 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 period. Babson Capital Management LLC increased its position in 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 period. Prudential Financial Inc. increased its position in Murphy Oil Corp. by 10.9% in the second quarter. Prudential Financial Inc. now owns 413,453 shares of the company’s stock worth $13,127,000 after buying an additional 40,634 shares during the period. Finally, Spark Investment Management LLC bought a new position in Murphy Oil Corp. during the first quarter worth approximately $1,722,000. 92.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 30.87 on Tuesday. Murphy Oil Corp. has a 52 week low of $14.30 and a 52 week high of $37.48. The firm’s market cap is $5.32 billion. The company has a 50 day moving average of $27.97 and a 200 day moving average of $29.09.
Murphy Oil Corp. (NYSE:MUR) last released its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates 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) EPS. On average, equities research analysts anticipate that Murphy Oil Corp. will post ($1.32) EPS for the current fiscal year.
MUR has been the topic of a number of recent analyst reports. Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 20th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Zacks Investment Research downgraded shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Credit Agricole SA reissued a “sell” rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Finally, Barclays PLC raised shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $33.00 to $42.00 in a research report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.30.
In related news, Director Robert Madison Murphy purchased 22,594 shares of the stock in a transaction on Monday, August 8th. The shares were bought at an average price of $21.93 per share, for a total transaction of $495,486.42. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.
Want to see what other hedge funds are holding MUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy Oil Corp. (NYSE:MUR).
Receive News & Ratings for Murphy Oil Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil Corp. and related companies with MarketBeat.com's FREE daily email newsletter.