Murphy Oil Corporation (MUR) Holdings Increased by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund raised its holdings in Murphy Oil Corporation (NYSE:MUR) by 82.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,015 shares of the company’s stock after buying an additional 42,931 shares during the quarter. Oregon Public Employees Retirement Fund owned approximately 0.06% of Murphy Oil Corporation worth $2,524,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisor Group Inc. grew its holdings in Murphy Oil Corporation by 8.0% in the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the company’s stock valued at $105,000 after buying an additional 301 shares during the period. Daiwa Securities Group Inc. grew its holdings in Murphy Oil Corporation by 24.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the company’s stock valued at $125,000 after buying an additional 960 shares during the period. ING Groep NV grew its holdings in Murphy Oil Corporation by 0.5% in the 2nd quarter. ING Groep NV now owns 8,313 shares of the company’s stock valued at $213,000 after buying an additional 39 shares during the period. Murphy Pohlad Asset Management LLC purchased a new stake in Murphy Oil Corporation in the 3rd quarter valued at about $216,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in Murphy Oil Corporation by 75.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,060 shares of the company’s stock valued at $233,000 after buying an additional 3,890 shares during the period. Institutional investors own 98.46% of the company’s stock.
Murphy Oil Corporation (NYSE MUR) opened at C$29.14 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. Murphy Oil Corporation has a 52-week low of C$22.21 and a 52-week high of C$35.19.
Murphy Oil Corporation (NYSE:MUR) last released its quarterly earnings results on Wednesday, November 1st. The company reported C($0.03) EPS for the quarter, topping the consensus estimate of C($0.14) by C$0.11. The firm had revenue of C$498.31 million for the quarter, compared to analyst estimates of C$460.17 million. Murphy Oil Corporation had a negative return on equity of 1.25% and a negative net margin of 4.15%. Murphy Oil Corporation’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) EPS. equities research analysts predict that Murphy Oil Corporation will post -0.19 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, November 10th. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -196.08%.
In related news, Director Robert Madison Murphy sold 6,325 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of C$28.55, for a total transaction of C$180,578.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 76,000 shares of company stock worth $17,750 over the last three months. 6.89% of the stock is currently owned by corporate insiders.
Several analysts have commented on MUR shares. Cowen and Company set a $30.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a report on Wednesday, July 19th. ValuEngine raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Murphy Oil Corporation in a research note on Thursday, August 10th. Finally, Scotiabank set a $27.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$30.27.
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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