Ameriprise Financial Inc. Sells 664 Shares of Murphy Oil Corp. (MUR)
Ameriprise Financial Inc. cut its position in Murphy Oil Corp. (NYSE:MUR) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 190,862 shares of the company’s stock after selling 664 shares during the period. Ameriprise Financial Inc. owned about 0.11% of Murphy Oil Corp. worth $6,059,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MUR. UBS Asset Management Americas Inc. increased its position in shares of 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 worth $17,354,000 after buying an additional 67,002 shares in the last quarter. UBS Group AG increased its position in shares of Murphy Oil Corp. by 116.1% in the first quarter. UBS Group AG now owns 129,244 shares of the company’s stock worth $3,256,000 after buying an additional 933,268 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of 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 worth $633,000 after buying an additional 24,863 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Murphy Oil Corp. during the first quarter worth $1,012,000. Finally, State Street Corp increased its position in shares of Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock worth $266,760,000 after buying an additional 45,934 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 2.54% during mid-day trading on Tuesday, hitting $29.50. The company’s stock had a trading volume of 328,404 shares. The company has a 50-day moving average price of $28.04 and a 200-day moving average price of $29.27. The stock’s market cap is $5.08 billion. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48.
Murphy Oil Corp. (NYSE:MUR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported ($0.36) EPS for the quarter, topping the Thomson Reuters’ 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 posted ($0.48) EPS. Analysts predict that Murphy Oil Corp. will post ($1.32) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, November 9th. Murphy Oil Corp.’s payout ratio is presently -7.24%.
A number of research analysts have recently weighed in 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 downgraded Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.30.
In other Murphy Oil Corp. 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 acquired at an average price of $21.93 per share, with a total value of $495,486.42. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate 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.
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