Murphy Oil Corporation (NYSE:MUR) Shares Bought by ING Groep NV
ING Groep NV boosted its position in Murphy Oil Corporation (NYSE:MUR) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 8,313 shares of the oil and gas producer’s stock after buying an additional 39 shares during the period. ING Groep NV’s holdings in Murphy Oil Corporation were worth $213,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in Murphy Oil Corporation during the first quarter worth about $111,000. Mn Services Vermogensbeheer B.V. raised 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 in the last quarter. Koch Industries Inc. bought a new position in Murphy Oil Corporation during the first quarter worth about $208,000. Laurion Capital Management LP bought a new position in Murphy Oil Corporation during the first quarter worth about $232,000. Finally, OppenheimerFunds Inc. raised its position in Murphy Oil Corporation by 22.5% in the first quarter. OppenheimerFunds Inc. now owns 8,204 shares of the oil and gas producer’s stock worth $235,000 after buying an additional 1,505 shares in the last quarter. Institutional investors and hedge funds own 96.16% of the company’s stock.
Shares of Murphy Oil Corporation (MUR) traded down 0.43% during midday trading on Friday, reaching $25.56. The company’s stock had a trading volume of 2,701,970 shares. The stock has a 50 day moving average of $25.48 and a 200-day moving average of $26.68. Murphy Oil Corporation has a 1-year low of $23.61 and a 1-year high of $35.19. The company’s market capitalization is $4.41 billion.
Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The company had revenue of $474.50 million for the quarter, compared to analyst estimates of $495.03 million. During the same quarter last year, the business earned ($0.36) earnings per share. On average, equities research analysts anticipate that Murphy Oil Corporation will post ($0.19) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -454.55%.
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MUR has been the topic of a number of research reports. Barclays PLC lowered Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $38.00 to $29.00 in a report on Tuesday, July 11th. BidaskClub lowered Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Scotiabank set a $27.00 price target on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday. Credit Suisse Group reissued an “underperform” rating and set a $34.00 price target (down previously from $35.00) on shares of Murphy Oil Corporation in a report on Friday, May 5th. Finally, Royal Bank Of Canada set a $32.00 price target on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Tuesday, April 25th. Three equities 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. Murphy Oil Corporation currently has a consensus rating of “Hold” and a consensus price target of $31.55.
In other news, VP Allan J. Misner sold 3,795 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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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