Prudential Financial Inc. raised its stake in Murphy Oil Corp. (NYSE:MUR) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,453 shares of the company’s stock after buying an additional 40,634 shares during the period. Prudential Financial Inc. owned about 0.24% of Murphy Oil Corp. worth $13,127,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MUR. UBS Group AG increased its stake in Murphy Oil Corp. by 116.1% in the first quarter. UBS Group AG now owns 129,244 shares of the company’s stock valued at $3,256,000 after buying an additional 933,268 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Murphy Oil Corp. by 8,287.7% in the first quarter. Meeder Asset Management Inc. now owns 25,163 shares of the company’s stock valued at $633,000 after buying an additional 24,863 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in Murphy Oil Corp. during the first quarter valued at about $1,012,000. State Street Corp increased its stake in Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock valued at $266,760,000 after buying an additional 45,934 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Murphy Oil Corp. by 41.6% in the first quarter. Canada Pension Plan Investment Board now owns 244,532 shares of the company’s stock valued at $6,160,000 after buying an additional 71,900 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 30.40 on Friday. The firm’s market capitalization is $5.23 billion. The firm’s 50 day moving average is $27.91 and its 200-day moving average is $28.98. Murphy Oil Corp. has a one year low of $14.30 and a one year high of $37.48.
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 predict that Murphy Oil Corp. will post ($1.32) earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Murphy Oil Corp. in a research note on Thursday, June 30th. Barclays PLC upgraded shares of Murphy Oil Corp. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $33.00 to $42.00 in a research note on Wednesday, July 13th. Raymond James Financial Inc. upgraded shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 20th. Credit Agricole SA reiterated a “sell” rating on shares of Murphy Oil Corp. in a research note on Tuesday, August 16th. Finally, Zacks Investment Research cut shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $26.30.
In other news, Director Robert Madison Murphy acquired 22,594 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were purchased at an average price of $21.93 per share, for a total transaction of $495,486.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.39% of the stock is owned by corporate insiders.
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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