Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Position in Murphy Oil Corporation (MUR)
Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Murphy Oil Corporation (NYSE:MUR) by 41.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,056 shares of the oil and gas producer’s stock after purchasing an additional 9,693 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Murphy Oil Corporation were worth $878,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in MUR. Principal Financial Group Inc. grew its holdings in shares of Murphy Oil Corporation by 171.4% in the third quarter. Principal Financial Group Inc. now owns 1,018,113 shares of the oil and gas producer’s stock valued at $27,041,000 after purchasing an additional 642,930 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Murphy Oil Corporation by 19.5% in the third quarter. Bank of New York Mellon Corp now owns 3,326,099 shares of the oil and gas producer’s stock worth $88,342,000 after acquiring an additional 541,618 shares during the last quarter. FMR LLC lifted its stake in Murphy Oil Corporation by 4.7% in the second quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock worth $302,613,000 after acquiring an additional 529,291 shares during the last quarter. State Street Corp lifted its stake in Murphy Oil Corporation by 4.6% in the second quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock worth $291,513,000 after acquiring an additional 503,190 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Murphy Oil Corporation by 1,024.5% in the second quarter. SG Americas Securities LLC now owns 547,167 shares of the oil and gas producer’s stock worth $14,024,000 after acquiring an additional 498,507 shares during the last quarter. Hedge funds and other institutional investors own 98.36% of the company’s stock.
In other Murphy Oil Corporation news, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.84, for a total value of $105,318.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $180,578.75. The disclosure for this sale can be found here. In the last quarter, insiders purchased 76,000 shares of company stock valued at $17,750. 6.89% of the stock is owned by insiders.
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Shares of Murphy Oil Corporation (MUR) traded up $0.41 during trading hours on Friday, hitting $28.20. 1,585,300 shares of the stock traded hands, compared to its average volume of 2,893,005. 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 twelve month low of $22.21 and a twelve month high of $35.19.
Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.11. The business had revenue of $498.31 million during the quarter, compared to the consensus estimate of $460.17 million. Murphy Oil Corporation had a negative net margin of 4.15% and a negative return on equity of 1.25%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. equities research analysts forecast that Murphy Oil Corporation will post -0.2 EPS for the current year.
The firm 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 $0.25 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.55%. Murphy Oil Corporation’s dividend payout ratio (DPR) is -196.08%.
MUR has been the subject of a number of recent research reports. Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 25th. Cowen Inc reiterated a “hold” rating and issued a $30.00 price target on shares of Murphy Oil Corporation in a research note on Sunday, September 17th. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley lifted their price target on shares of Murphy Oil Corporation from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Finally, ValuEngine downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Murphy Oil Corporation has a consensus rating of “Hold” and a consensus price target of $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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