Gotham Asset Management LLC acquired a new stake in shares of Murphy Oil Corporation (NYSE:MUR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 147,763 shares of the oil and gas producer’s stock, valued at approximately $3,787,000. Gotham Asset Management LLC owned about 0.09% of Murphy Oil Corporation as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MUR. BlackRock Inc. lifted its holdings in Murphy Oil Corporation by 3,301.1% during the first quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock valued at $340,153,000 after purchasing an additional 11,547,767 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Murphy Oil Corporation by 76.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,895,083 shares of the oil and gas producer’s stock valued at $139,944,000 after purchasing an additional 2,126,206 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Murphy Oil Corporation by 194.4% during the first quarter. AQR Capital Management LLC now owns 1,343,561 shares of the oil and gas producer’s stock valued at $38,412,000 after purchasing an additional 887,174 shares during the last quarter. FMR LLC lifted its holdings in Murphy Oil Corporation by 4.7% during the second quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock valued at $302,613,000 after purchasing an additional 529,291 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Murphy Oil Corporation by 1,024.5% during the second quarter. SG Americas Securities LLC now owns 547,167 shares of the oil and gas producer’s stock valued at $14,024,000 after purchasing an additional 498,507 shares during the last quarter. 97.64% of the stock is currently owned by institutional investors and hedge funds.
Murphy Oil Corporation (NYSE:MUR) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.04. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned ($0.36) EPS.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, November 10th. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -454.55%.
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Several equities research analysts have commented on MUR shares. Piper Jaffray Companies set a $23.00 price objective on shares of Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Scotiabank set a $27.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Cowen and Company reiterated a “hold” rating and set a $30.00 price target on shares of Murphy Oil Corporation in a research report on Sunday, September 17th. Zacks Investment Research cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, BidaskClub cut Murphy Oil Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.70.
In related news, insider Kelli M. Hammock sold 4,000 shares of Murphy Oil Corporation stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the sale, the insider now owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation 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 sale, the vice president now directly owns 100 shares in the company, valued at approximately $2,605. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by company insiders.
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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