Candriam Luxembourg S.C.A. lowered its stake in shares of Murphy Oil Corp. (NYSE:MUR) by 58.7% during the second quarter, Holdings Channel reports. The fund owned 15,352 shares of the company’s stock after selling 21,836 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Murphy Oil Corp. were worth $487,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its stake in Murphy Oil Corp. by 10.8% in the first quarter. UBS Asset Management Americas Inc. now owns 688,918 shares of the company’s stock valued at $17,354,000 after buying an additional 67,002 shares during the last quarter. UBS Group AG raised 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 during the last quarter. Meeder Asset Management Inc. raised 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 during the last quarter. Rafferty Asset Management LLC purchased a new stake in Murphy Oil Corp. during the first quarter valued at approximately $1,012,000. Finally, State Street Corp raised 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 during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 3.24% during midday trading on Tuesday, hitting $29.29. 2,207,339 shares of the stock were exchanged. The company’s market cap is $5.04 billion. Murphy Oil Corp. has a one year low of $14.30 and a one year high of $37.48. The firm has a 50 day moving average of $28.04 and a 200-day moving average of $29.27.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping the Zacks’ 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 quarter in the prior year, the firm earned ($0.48) earnings per share. Equities analysts expect that Murphy Oil Corp. will post ($1.32) EPS for the current year.
The business 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, November 9th. Murphy Oil Corp.’s dividend payout ratio is presently -7.24%.
Several research firms have commented on MUR. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Barclays PLC reissued an “overweight” rating and set a $42.00 price target on shares of Murphy Oil Corp. in a research report on Monday. 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. Credit Agricole SA reaffirmed a “sell” rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Finally, Zacks Investment Research lowered shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Murphy Oil Corp. presently has a consensus rating of “Hold” and a consensus target price of $26.30.
In related news, Director Robert Madison Murphy acquired 22,594 shares of the stock in a transaction dated Monday, August 8th. The stock was acquired 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 is accessible through this link. 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.
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.