Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in Murphy Oil Corporation (NYSE:MUR) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,616 shares of the oil and gas producer’s stock after selling 2,163 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Murphy Oil Corporation were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. ING Groep NV boosted 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 valued at $213,000 after buying an additional 39 shares in the last quarter. CIBC Asset Management Inc boosted its position in Murphy Oil Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 17,464 shares of the oil and gas producer’s stock valued at $448,000 after buying an additional 56 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Murphy Oil Corporation by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the oil and gas producer’s stock valued at $259,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems boosted its position in Murphy Oil Corporation by 0.3% in the second quarter. Utah Retirement Systems now owns 29,842 shares of the oil and gas producer’s stock valued at $765,000 after buying an additional 100 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in Murphy Oil Corporation by 1.0% in the second quarter. Sentry Investment Management LLC now owns 12,549 shares of the oil and gas producer’s stock valued at $322,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/11/15/murphy-oil-corporation-mur-shares-sold-by-mitsubishi-ufj-kokusai-asset-management-co-ltd.html.

In related news, Director Robert Madison Murphy sold 6,325 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.55, for a total value of $180,578.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders purchased 76,000 shares of company stock worth $17,750. 6.89% of the stock is owned by company insiders.

A number of equities analysts have recently commented on MUR shares. BidaskClub upgraded shares of 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 set a $31.00 price target on shares of Murphy Oil Corporation in a report on Thursday, August 10th. ValuEngine upgraded shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Scotiabank set a $27.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Murphy Oil Corporation from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Friday, October 27th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Murphy Oil Corporation presently has a consensus rating of “Hold” and a consensus price target of $30.27.

Murphy Oil Corporation (NYSE MUR) opened at $27.79 on Wednesday. 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 fifty-two week low of $22.21 and a fifty-two week high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million for the quarter, compared to analyst estimates of $460.17 million. Murphy Oil Corporation had a negative net margin of 4.15% and a negative return on equity of 1.25%. Murphy Oil Corporation’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) earnings per share. equities analysts expect that Murphy Oil Corporation will post -0.19 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.60%. Murphy Oil Corporation’s payout ratio is -196.08%.

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.

Institutional Ownership by Quarter for Murphy Oil Corporation (NYSE:MUR)

Receive News & Ratings for Murphy Oil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy Oil Corporation and related companies with MarketBeat.com's FREE daily email newsletter.