Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Murphy Oil Corporation (NYSE:MUR) by 55.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,842 shares of the oil and gas producer’s stock after selling 42,120 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Murphy Oil were worth $899,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUR. Advisor Group Inc. grew its holdings in Murphy Oil by 8.0% in the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 301 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Murphy Oil by 24.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after acquiring an additional 960 shares during the last quarter. ING Groep NV grew its holdings in Murphy Oil by 0.5% in the 2nd quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock worth $213,000 after acquiring an additional 39 shares during the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in Murphy Oil in the 3rd quarter worth $216,000. Finally, Advisor Partners LLC grew its holdings in Murphy Oil by 6.9% in the 2nd quarter. Advisor Partners LLC now owns 9,081 shares of the oil and gas producer’s stock worth $233,000 after acquiring an additional 590 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.
Shares of Murphy Oil Corporation (MUR) traded down $0.33 during trading on Tuesday, reaching $28.90. 2,726,400 shares of the company’s stock traded hands, compared to its average volume of 2,921,800. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.60. Murphy Oil Corporation has a twelve month low of $22.21 and a twelve month high of $34.90.
Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm had revenue of $498.31 million during the quarter, compared to analysts’ expectations of $460.17 million. During the same period in the previous year, the company earned ($0.18) earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. research analysts predict that Murphy Oil Corporation will post -0.2 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.46%. Murphy Oil’s payout ratio is -196.08%.
A number of equities research analysts have issued reports on the stock. Cowen reissued a “hold” rating and issued a $30.00 price target on shares of Murphy Oil in a report on Sunday, September 17th. Zacks Investment Research lowered shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Piper Jaffray Companies set a $23.00 target price on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 25th. BidaskClub lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, ValuEngine lowered shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Murphy Oil presently has a consensus rating of “Hold” and an average target price of $30.27.
In other news, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Madison Murphy sold 6,325 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The disclosure for this sale can be found here. Insiders have bought 76,500 shares of company stock valued at $17,850 over the last three months. 6.89% of the stock is owned by corporate insiders.
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About Murphy Oil
Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.
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