Murphy Oil Corporation (MUR) Position Maintained by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD continued to hold its stake in shares of Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,626 shares of the oil and gas producer’s stock at the end of the second quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Murphy Oil Corporation were worth $374,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in MUR. Ameritas Investment Partners Inc. bought 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 period. Koch Industries Inc. bought a new position in Murphy Oil Corporation during the first quarter worth approximately $208,000. ING Groep NV increased its position in Murphy Oil Corporation by 0.5% in the second quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock worth $213,000 after buying an additional 39 shares during the period. Finally, Laurion Capital Management LP bought a new position in Murphy Oil Corporation during the first quarter worth approximately $232,000. 96.16% of the stock is owned by institutional investors.
Murphy Oil Corporation (NYSE:MUR) opened at 25.56 on Friday. The firm’s market cap is $4.41 billion. Murphy Oil Corporation has a 52 week low of $23.61 and a 52 week high of $35.19. The firm’s 50-day moving average price is $25.48 and its 200 day moving average price is $26.68.
Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. The firm had revenue of $474.50 million during the quarter, compared to the consensus estimate 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 quarter last year, the company posted ($0.36) EPS. Equities analysts forecast that Murphy Oil Corporation will post ($0.19) earnings per share for the current fiscal year.
The firm also recently declared 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 is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.91%. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -454.55%.
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A number of research firms recently commented on MUR. Royal Bank Of Canada set a $32.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Scotiabank set a $26.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research note on Saturday, July 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price target on shares of Murphy Oil Corporation in a research note on Thursday. Finally, ValuEngine downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. 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. The company currently has an average rating of “Hold” and an average target price of $31.45.
In related news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $26.05, for a total transaction of $98,859.75. Following the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.89% of the company’s stock.
About Murphy Oil Corporation
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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