Murphy Oil Corporation (MUR) is Bank of The Ozarks’ 2nd Largest Position
Bank of The Ozarks maintained its position in Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 888,758 shares of the oil and gas producer’s stock at the end of the second quarter. Murphy Oil Corporation comprises 8.1% of Bank of The Ozarks’ holdings, making the stock its 2nd largest position. Bank of The Ozarks’ holdings in Murphy Oil Corporation were worth $22,779,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MUR. Ameritas Investment Partners Inc. acquired a new position in Murphy Oil Corporation during the first quarter worth approximately $111,000. Mn Services Vermogensbeheer B.V. increased its position in Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Murphy Oil Corporation by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock worth $125,000 after buying an additional 960 shares during the last quarter. Koch Industries Inc. acquired a new position in Murphy Oil Corporation during the first quarter worth approximately $208,000. Finally, Laurion Capital Management LP acquired a new position in Murphy Oil Corporation during the first quarter worth approximately $232,000. Institutional investors and hedge funds own 96.16% of the company’s stock.
Shares of Murphy Oil Corporation (NYSE MUR) opened at 26.13 on Thursday. The company has a 50 day moving average price of $25.42 and a 200-day moving average price of $26.73. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19. The firm’s market capitalization is $4.51 billion.
Murphy Oil Corporation (NYSE:MUR) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The company had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same period in the prior year, the company earned ($0.36) earnings per share. Equities research analysts expect that Murphy Oil Corporation will post ($0.34) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. Murphy Oil Corporation’s dividend payout ratio is presently -454.55%.
A number of research firms have recently commented on MUR. BidaskClub upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 price objective on shares of Murphy Oil Corporation in a report on Thursday. Scotiabank set a $26.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a report on Saturday, July 1st. Royal Bank Of Canada set a $32.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a report on Saturday, June 3rd. Finally, ValuEngine upgraded Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Murphy Oil Corporation has a consensus rating of “Hold” and an average target price of $31.45.
In other news, VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the transaction, the vice president now directly owns 100 shares in the company, valued at $2,605. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.89% of the company’s stock.
Murphy Oil Corporation Company Profile
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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