Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 26 Shares of Murphy Oil Corporation (MUR)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Murphy Oil Corporation (NYSE:MUR) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,928 shares of the oil and gas producer’s stock after acquiring an additional 26 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Murphy Oil Corporation were worth $408,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Murphy Oil Corporation in the 1st quarter worth $111,000. Daiwa Securities Group Inc. increased its stake in shares of Murphy Oil Corporation 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. Koch Industries Inc. acquired a new stake in shares of Murphy Oil Corporation in the 1st quarter worth $208,000. Laurion Capital Management LP acquired a new stake in shares of Murphy Oil Corporation in the 1st quarter worth $232,000. Finally, OppenheimerFunds Inc. increased its stake in shares of Murphy Oil Corporation by 22.5% in the 1st quarter. OppenheimerFunds Inc. now owns 8,204 shares of the oil and gas producer’s stock worth $235,000 after acquiring an additional 1,505 shares during the last quarter. 97.64% of the stock is owned by institutional investors and hedge funds.
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Murphy Oil Corporation (MUR) opened at 26.19 on Friday. The stock’s 50 day moving average price is $24.52 and its 200-day moving average price is $25.74. Murphy Oil Corporation has a 12-month low of $22.21 and a 12-month high of $35.19. The stock’s market capitalization is $4.52 billion.
Murphy Oil Corporation (NYSE:MUR) last released 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 firm 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 firm posted ($0.36) earnings per share. Analysts expect that Murphy Oil Corporation will post ($0.28) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 3.82%. Murphy Oil Corporation’s payout ratio is currently -454.55%.
MUR has been the subject of a number of recent research reports. Cowen and Company set a $30.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Wednesday, July 19th. Piper Jaffray Companies set a $23.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 25th. ValuEngine downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Barclays PLC downgraded Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $38.00 to $29.00 in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $30.82.
In related news, VP Allan J. Misner sold 3,795 shares of the company’s stock in a transaction on Monday, August 7th. The stock was 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 accessible through the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $25.63, for a total value of $102,520.00. Following the completion of the transaction, the insider now owns 14,298 shares of the company’s stock, valued at $366,457.74. The disclosure for this sale can be found here. Corporate 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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